Legal Question in Real Estate Law in New York

assuming a contract from 2nd party

Seeking the word describing in a contract,where the buyer

can flip his contract to another


Asked on 7/19/02, 2:55 pm

2 Answers from Attorneys
Bunji Fromartz Fromartz Law Offices

Assign, Assignment

Assign or Assignment is the proper term. If the contract has a provision regarding assignment it must be reviewed.

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Answered on 7/19/02, 4:20 pm
Robert Kaplan Robert Kaplan, P.C.

Re: assuming a contract from 2nd party

The term you are looking for is assignment. However most contracts prohibit assignment by Purchaser without consent from Seller.

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Answered on 7/19/02, 10:53 pm


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