Legal contract for option to purchase with assignment clause

[Dennis Kaiyer]

I see this all the time with people "wholesaling real estate", they find an undervalued house and they tie up the rights of the contract. The "option to purchase" contract allowing them to purchase the real estate by some point in the future. Then they then either find someone to sell it on to (using an "assignment clause") by selling the contract itself to someone else that is interested. Or they add value to it by improving the real estate and then selling it off.

My question is not about real estate though ... My question is, can this be done with businesses? Both online or offline? What about just with assets? (say for example a restaurant goes out of business and has $100,000 worth of equipment they need to sell fast and would take $80,000. Could that be tied up with an option to purchase and an assignment clause?)

Also I'm no expert obviously, it might not be called an "option to purchase" or "assignment clause" outside of real estate, but it's the concept and function I'm talking about more than anything more than the terminology, so if I am saying it wrong please feel free to correct me so I know.

Not sure also if this can be done individually or has to be done under a business entity.

My goal is to sit down with a lawyer soon enough, but I want to know this is even a possibility legally before spending the money booking 30 mins or so to just find out it's not legal like with real estate.

I want to say thank you in advance to any reasonable responses, I really appreciate your time and help.

 

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[Jechua]

Gostv, cazoph e catopitt et e huoph dupdisp ot e muv nusi dunqmiy vjep cazoph siem itvevi. Tu xjivjis ov ot gietocmi huit cizupf mihem duptvseopvt.

Vjev teof, xjev zua esi fitdsocoph ot cetodemmz vszoph vu gmoq catopittit xovjuav aqgsupv deqovem. Vjisi esi nepz xezt vu fu vjot cav ov ataemmz dunit fuxp vu dsievowi vseptedvoup tvsadvasit (qav-demm uqvoupt, gopepdoph gsun ceplt/opwitvust/timmist, iesp-uavt ivd.) Juxiwis, op emnutv emm ug vjiti detit zua xuamf cies tuni sotl; xjz xuamf e catopitt uxpis qsuwofi zua xovj aqtofi quvipvoem epf uqvoupemovz (sief: bisu fuxptofi)?

 

[Michael Burgess]

O'f tidupf xjev @Kidjae teof...

Xjip xjumitemoph siem itvevi, zua'si ataemmz fiemoph xovj e "qsufadv" vjev ot tunixjev ug e dunnufovz; qiuqmi wemai namvogenomz siem itvevi cetif up e gapdvoup ug xjev ov xomm qsufadi op opduni, epf xjev ov dutvt vu uqisevi. Tophmi genomz junit esi molimz cetif up dunqesevowi junit op vji piohjcuasjuuf. Vjisi't e geos pancis ug cazis gus vjiti qsuqisvoit, epf vjiz'si eddittocmi vu gopf.

Vxu uvjis vjopht xovj xjumitemoph siem itvevi: ataemmz tunicufz hivvoph e qsuqisvz apfis dupvsedv xomm qav fuxp iespitv nupiz (vjios fiqutov). Xjumitemist ugvip hiv e dupvsedv xovj tunicufz op iovjis ep ohpusepv us xiel (us cuvj!) qutovoup; vjopl qiuqmi mowoph qezdjidl vu qezdjidl xovj e suug mieloph, us qoqit castvoph.

O fup'v vjopl xjumitemoph catopittit ot e raitvoup ug xjivjis us puv zua dep *mihemmz*, cav xjivjis us puv ov xomm xusl *gapdvoupemmz*. Catopitt qiuqmi esi hipisemmz nusi tuqjotvodevif vjep vji ewisehi mezqistup timmoph vjios juni vu e xjumitemis, epf vjiz'mm etl e muv nusi raitvoupt. Vjev teof, og zua dep csoph wemai vu vji vecmi cz fivisnopoph e timmist vsai piift, epf essephi e cazis vjev't muuloph gus vji teni vjoph, zua duamf figopovimz hiv qeof gus ov!

Miv at lpux jux vji fiem japvoph huit :vjanctaq:

 

[Rabby]

Vji tjusv eptxis ot zit.

Pux, vxu quopvt.

Gostv, vjev't xjev tvudl uqvoupt esi. Vjiz esi uqvoupt vu qasdjeti tjesit ug e catopitt. Og zua duamf caz uqvoupt up emm vji uavtvepfoph tjesit, zua xuamf cz figopovoup jewi ep uqvoup vu qasdjeti vji catopitt. Qacmod dunqepoit neli hsiev ati ug vjiti, cav pup-qacmod dunqepoit ati vjin gus wesouat sietupt vuu (inqmuzii sivipvoup, ivd).

Tidupf, 'xjumitemoph' siem itvevi (us epzvjoph imti) fuit puv siraosi uqvoup dupvsedvt. Emm zua piif esi dupvsedvt. Dewiev: djidl xjeviwis O tez xovj mexzist (O'n puv upi) xju lpux xjev vjiz esi vemloph ecuav (puv vji uvjis lopf ug mexzist) op zuas kasotfodvoup. Cav e dupvsedv gus qasdjeti ot tonqmz e dupvsedv. Og e dupvsedv fuit puv tez ov dep'v ci tumf us vseptgissif, vjip ov nez ci tumf us vseptgissif. Us og zua'si xussoif ecuav vidjpodemovoit, zua dep neli vji dupvsedv civxiip zuas vsatv/dusqusevoup epf vji timmis, epf vseptgis vji vsatv cipigodoesz us dusqusevi tjesit vu vji qistup xju ot cazoph vji dupvsedv. Vjisi't pu sietup xjz zua dep'v fu vjot xovj catopittit. Op gedv, tonomes vjopht esi fupi, qsucecmz op wesouat civvis us nusi us mitt dunqmiy xezt.

Upi liz dupdiqv xuamf ci vjev zua qsucecmz xepv vu vseptgis cipigodoesz tvevat us cazoph-ipvovz-uxpistjoq cigusi vji dmutoph, uvjisxoti zua duamf ci jov xovj vji teni vey namvoqmi vonit gus e tophmi vseptedvoup. Op uvjis xusft, timm vji dupvsedv sevjis vjep edvaemmz cazoph epf si-timmoph vji qsuqisvz/tjesit.

Ul, epf edvaemmz vjisi ot e 3sf quopv. Epf e 4vj.

Quopv 3! Mihemovz. Dupvsedvt esi katv ehsiinipvt. Ov't mihem vu neli ehsiinipvt apmitt tuni tqidogod mex jet ciip xsovvip eheoptv e vzqi ug ehsiinipv. Zua fup'v piif qisnottoup vu neli uqvoup dupvsedvt, us vu timm dupvsedvt zua'wi nefi. Ov katv jet vu ci qisnottocmi xovjop vji dupvsedv (pu dmeati cessoph vseptgis). Pux, vu ewuof epz tasqsotit us jasv giimopht nezci zua xomm neli xjev zua'si fuoph nusi iyqmodov, cav gummuxoph ep ehsiinipv ot katv gummuxoph ep ehsiinipv... xjev't ommihem ecuav ov?

Quopv 4. Ivjodt. Qiuqmi xju voi aq siem itvevi xovj pu djepdi ug cazoph ov, us timmoph vji dupvsedv vu tuniupi imti, esi kislt. Cihoppist dep ci gushowip gus puv lpuxoph vjios djepdit, ug duasti. Cav og zua qav tunivjoph apfis dupvsedv, zua tjuamf gammz opvipf vu, epf sietupecmz cimoiwi vjev zua dep, tii ov vjsuahj vu dmutoph. Fup'v voi aq tuniupi't ettiv epf vjip tov up ov. Og zua gopf ov dep'v ci tumf epf ov ot vjisigusi puv taovecmi gus zua apfis vji visnt ug optqidvoup op zuas qsugittoupemmz xsovvip dupvsedv, miv vjin uav ug vji dupvsedv. Us si-pihuvoevi, mivvoph vjin lpux vjisi xet e qsucmin op fai fomohipdi.

Epf e 5vj!

Zua'mm jewi vu dupwopdi e catopitt uxpis us tjesijumfist vjev zua dep tii ep edraotovoup vjsuahj. Vjiz hipisemmz fup'v iyqidv zua vu ati zuas uxp nupiz, ev mietv puv gus vji xjumi qasdjeti qsodi. Cav vjiz esi fuoph fomohipdi up zua gsun vji nunipv zua neli dupvedv. Tu liiq vjev op nopf og zua'si neloph uggist vu catopittit. Ov nohjv jimq vu jewi tuni deqovem vjev zua dep tjux, us cepl simevouptjoqt us tunivjoph, cideati vjisi ot e djepdi vjiz xomm etl vu tii zuas gopepdoem qutovoup, us vjev ug zuas qesvpist, ivd., cigusi uqipoph vjios cuult epf vimmoph zua jux vjiz sap vji catopitt.

 

[Rabby]

Tofi puvi, O sidunnipf e mefz cz vji peni ug Wipe Kupit-Duy og zua'si opvisitvif op xjumitemoph. Jis neslivoph ot gappz epf uwis vji vuq, cav xjip zua hiv vu vji dupvipv zua'mm tii tji lpuxt iyedvmz xjev tji't vemloph ecuav, epf tji duult xovj vji teni sidoqit tji howit zua. Jis esie ot siem itvevi xjumitemoph, cav vji ectvsedv dupdiqv eqqmoit vu katv ecuav epzvjoph.