Contracts
In Georgia, the typical 'right to assign' in a GAR Purchase and Sale Agreement:
AAlways allows assignment of the contract
BIs prohibited by default — the contract must specifically permit assignment
CMust be addressed in the contract — by default assignment requires seller approval✓ Correct
DAutomatically transfers to the buyer's trust or LLC
Explanation
Without a specific assignment provision, a purchase contract's right to assign is a matter that should be addressed in the contract. Most standard contracts require mutual agreement for assignment.
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