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The Assignment Of Residential Purchase Contract is a crucial document used in Dutch property transactions when the original buyer of a residential property wishes to transfer their rights and obligations under the purchase agreement to a new buyer. This situation commonly arises when the original buyer cannot or chooses not to proceed with the purchase but has found another party willing to take over the contract. The document must comply with Dutch civil law requirements and includes essential elements such as party details, property information, financial terms, and necessary consents. It requires notarial execution and must address specific requirements under the Dutch Civil Code, including seller's consent and transfer of deposits or guarantees. The document is particularly important in the Netherlands' active residential property market, where assignment of purchase contracts can be a useful tool in property transactions.

1. Parties: Identifies all parties: the original buyer (assignor), the new buyer (assignee), and acknowledgment from the original seller

2. Background: Explains the context of the original purchase agreement and the reason for assignment

3. Definitions: Defines key terms used throughout the agreement, including 'Original Purchase Agreement', 'Property', 'Assignment Date', etc.

4. Assignment: Core clause transferring all rights and obligations under the original purchase agreement from assignor to assignee

5. Purchase Price and Payment Terms: Details of the consideration paid by assignee to assignor for the assignment

6. Original Purchase Agreement Details: Summary of key terms from original purchase agreement being assigned

7. Representations and Warranties: Statements by assignor regarding their right to assign and status of original purchase agreement

8. Seller's Consent: Documentation of the original seller's approval of the assignment

9. Completion Requirements: Steps required to complete the assignment and property transfer

10. Costs and Taxes: Allocation of costs and tax obligations related to the assignment

11. Governing Law and Jurisdiction: Confirms Dutch law applies and specifies jurisdiction for disputes

12. Execution: Signature blocks and execution requirements