The "AND/OR ASSIGNEE" contract

I use it all the time for my buys on a deal I want to flip out.  I let the sellers know that the assignee is still legally bound to the contract, and that the deposit is still in place.  Of course, sellers may not like the assignee if they figure out you are going to flip the home to a higher buyer!

Sellers aren't too keen on the assignee stuff for the most part..investors always use this clause,so they could flip the contract if they want to.