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assigning a purchase to order contract for a business

Could you sign a purchase to buy contract on a business and put in and or assigns and pass it on to another investor for a assignment fee like in real estate.

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Answers (2)
Steven St
World Business Partners, Inc
Los Angeles County, CA

Sorry I meant to say, it's something I WOULD NOT recommend to a buyer.

Apr 26, 2009
Steven St
World Business Partners, Inc
Los Angeles County, CA

Buying a business is more complex than a normal real estate contract. Writing and/or assigns is not something I would recommend to any buyer. If you are trying to "flip" a business (which is hard to do quickly) I would either get a finders fee or write into the contract that you have the write to take title inside of a trust or corporation or assign the contrtact to another person.

Al of this requires an attorney sitting down with you to help you draft the wording that fits your situation.

You will also need to see if there is any anti-assignment clauses in the contract and cross those out.

Hope this helps.

Apr 26, 2009

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