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• Formal sciences 0 %
• Natural sciences 0 %
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Find the one that fits your expertise

You must have heard plenty of times about perks of specific jobs allowing to work without leaving your house on a permanent basis. They are true. Freelance occupation lets:

Determine your workload yourself. Due to this factor, you will not face the extreme fatigue when any amount of money for one more task doesn’t represent any interest because all you want to do is to fall asleep for a couple of days. With freelance writing jobs online, you are your own boss. You know how many regular duties you need to fulfill. You know how much time you need to devote to your significant other, your family, friends, hobby, sports, sleep, healthy lifestyle, etc. You are fully aware of how much time you need to spend on anything else but work to be happy. And only you can determine the golden middle!

Set the working hours. Striving to optimization of working process, you can set the hours when you feel like working most of all to focus on your tasks easier. When you have chosen one of the freelance writing jobs online , you are free to set the working hours. It is a very useful prerogative! You don’t have to ask if you can go home earlier today because you need to take your child from school or because you have a competition. You don’t need to provide explanations for being late for 15 minutes at the beginning of the day. You are the boss. Being one of the essay writers or those who accepted an offer of grant writing jobs, you become independent.

Choose tasks yourself. Having joined the team of freelance writers, you are given an opportunity to select your assignments: take the one you like and reject the one that seems not your cup of tea. You will no longer have to deal with a bundle of tasks you’d wish to burn. Freelance writing jobs give you a chance deal only with the tasks that are of interest to you. Thus, you will easily boost your knowledge and skills in professional sphere.

Such is a kind of position we gladly offer to experts in the wide variety of spheres:

• Human and social sciences. We invite for collaboration experts in Sociology, Psychology, Arts, Political science, Economics, Law, Management, Journalism, Pedagogics, Philosophy, Aesthetics, Linguistics, Law, and many other areas belonging to this group. On our website, you will find grant writing jobs to make use of your knowledge.
• Natural sciences. We are looking for freelance writers in Biology, Physics, Chemistry, Geology, Geography, Ecology, and Astronomy. If you have in-depth knowledge in Quantum or Cell biology, Space physics, or Nuclear chemistry (just as well as the rest of domains), and are looking for a position that gives you freedom in organizing your working hours – choose freelance writing jobs at biz.
• Technical studies. We are looking for specialists in Engineering, Informatics, Transport, Telecommunication, Architecture, Technology, Avionics, Food manufacturing industry, Computer science, Electronics, etc. We assume, we need writers specialized in any area of listed studies. Taking grant writing jobs at our website, you take your chance for independence. On our list, we include both the most common and the rarest spheres: from Radio electronics, Electrical engineering, and Modern architecture to Space syntax, Biological engineering, and Sumerian architecture.
• Exact studies. The connoisseurs of this group are always in high demand: due to the difficulties with assignments related to the subjects of this kind, every second student is looking for assistance with exact studies. Choose our freelance writing jobs! Make use of favorable terms of collaboration with a trustworthy website. Freelance experts in Algebra, Mathematical analysis, Geometry, Accounting, Trigonometry, Calculus, Discrete math, and Algorithms, welcome to biz.

Are you still hesitating? It’s high time to speed up your success with freelance writing.

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8 Online Writing Sites That Pay You [Ranked For 2024]

Are you looking for online writing sites to jumpstart your freelance writing career? Check these 8 websites that offer writing gigs across all skill l

Table of contents

Are you looking for ways to earn money with your writing skills but don’t have the experience? You’re not alone!

The onset of COVID-19 brought freelance writing gigs to the forefront of remote employment opportunities. Research reveals over 70 million Americans did freelance work in 2022.

Of that number, 82% are freelance writers. That’s around 54 million people in the U.S. alone! Now you’d think that’s too much competition for beginners to handle, but the truth is the opposite.

Finding online writing sites that pay money doesn’t have to be taxing, and most are open to beginners!

This article introduces you to 9 freelance writing sites with extensive job postings fit for your skill level.

Best Online Writing Sites [At A Glance]

The internet has many opportunities for freelance writers, but only a few stand out for bringing in real profit and helping you become a successful freelance writer.

Here are our top picks for 2023:

• Upwork : Our Pick
• Blogging Pro : Runner-Up
• Fiverr : Also Great
• Contently : Best for Experienced Writers
• Writers Work : Best Pooled Writing Jobs
• iWriter : Best for Tiered Writing Gigs
• WriterAccess : Best for Long-term Writing Jobs
• ProBlogger : Best for Blog Writing

An Overview of Online Freelance Writing

There is no official date when freelance writing started because freelance writers have been around even before digital platforms were created.

But it’s safe to consider the early 2000s as the dawn of the online freelance writing job trend. Notable sites like ProBlogger shares their small-scale origins , which have become a huge success over time.

What are Online Freelance Writing Sites?

Freelance writing sites are the one-stop shop for businesses and startups seeking writing services. They’re central hubs for hiring writers and finding job boards with quality writing gigs.

Some more intuitive websites have features that allow clients to match their writing jobs with the ideal candidate. This results in a mutually beneficial arrangement that guarantees satisfaction for both the business and the content writers.

Why Are Freelance Writing Sites Important?

A freelance writing website reduces the need for companies to shoulder all the legwork involved in hiring talents. They don’t need complex contracts to engage experienced freelance writers.

On the writer’s side, accessing these freelance platforms streamlines the job search process and helps boost their writing portfolio.

You can have multiple freelance writing jobs in a few months, which allows you to gather referrals and recommendations from happy clients.

Do I Need an Online Writing Site to Build a Freelance Writing Career?

Freelance writing sites aren’t required to build a writing career, but they help speed up the process.

Taking on multiple writing jobs within this active community builds up your reputation, skill, and network — factors that help you stand out from the competition.

The Best Online Writing Sites at a Glance

We’ve rounded up our best picks for freelance writing websites and come up with two all-rounders.

What is the Best Online Freelance Writing Site?

With approximately 5 million clients using the platform, Upwork is our best pick for starters looking to understand how freelance writing works.

Its ‘Writing & Translation’ job board category boasts 146k+ active contracts, with clients giving an average 4.8 -star rating to writing professionals.

This includes a range of talents like proofreaders, content writers, translators, ghostwriters, and more.

What is the Best Free Online Writing Site?

Blogging Pro is our top choice for niche-focused freelance writing gigs.

It’s a job board that prospective freelancers can use for free, minus the need to create an account.

One of the things we like about this portal is its straightforward application process that details everything you need to know about a job with just a click.

Clients of this site must pay their writers a minimum of $15 per project, eliminating the risk of getting scammed.

Features to Look for In an Online Writing Website

Freelance writing opportunities have attracted many full-time professionals, so the competition is high.

This can result in some people, especially those with no experience, agreeing to jobs that don’t honor their contracts.

To avoid falling into freelance scams , you must be critical in assessing whether or not the portal you’re signing up for is legit.

Here are features to look for before taking on online writing jobs:

1. Trust Rating

Be wary of freelance websites with a Google review star rating of less than 3. While online ratings are ultimately subjective, they reflect the user experience that professionals and clients have for the platform.

You also want to check review sites like TechRadar or online forums like Reddit and Quora to see what other users think of freelance writing websites.

2. Pay Range

Online freelance writing jobs vary in pay range, and it’s primarily driven by the fact that clients have their specific project budgets. Some portals require businesses to offer a specific job price range, while others leave it to the client.

3. Job Listings

The best freelance writing sites have extensive job boards. This allows them to attract clients from all sectors and freelancers of different skill sets.

4. Application Process

Check the requirements for signing up with a portal and see if you fit their eligibility. You’re better off starting small and building your portfolio rather than trying to break the big game without a solid portfolio to back it up.

5. Online Courses or Blogs

The freelance writing industry is saturated with talent. And while there is a global demand to match that up, beefing up your skill set is necessary to ace the competition.

Check for platforms with built-in writing tools or knowledge bases. Do they have a blog you can subscribe to stay current with the freelance writing landscape?

Best Online Writing Sites: Our Top 3 Options [Ranked & Reviewed]

Here are our top 3 freelance writing sites, handpicked for their combined reach, user reviews, and job opportunities.

1. Upwork : Our Pick

Upwork is a global freelancing platform that connects businesses or startups with individual professionals. It hosts a variety of industries that include writing.

It’s a marketplace where the main currency is your skill. Housing over 12 million freelancers as of 2023, Upwork’s an attractive platform to boost your professional network too!

Key Features of Upwork

Below are features that make Upwork a powerhouse in freelancing:

• Global Network: Upwork is available in over 180 countries, making connecting with global clients easier.
• All-In Mediation: Upwork handles all the contracts, billing, and invoicing processes. This helps you focus on your craft instead of tracking all admin-related requirements before getting paid.
• Robust Writing Job Board: Upwork has 80 writing-related categories under its filter, giving you more options to check if your first few don’t work.
• Upwork Connects: A “Connect” serves as your internal currency and allows you to send client proposals or applications. Upwork’s free plan grants you 10 connects per month, while its Freelance Plus gives you up to 80 connects.
• Top Rated Badge: This one’s given to Upwork’s top freelancers who have built a strong reputation on the platform and consistently get positive feedback from clients. Acquiring this badge gives you access to Upwork’s exclusive features like premium support and in-house talent scout assistance.

Pros of Upwork

• Hassle-free Onboarding: All you need is an email address to start creating an account for free. No need for samples and exams to start searching for writing jobs.
• Seamless Portal Interface: Upwork has intuitive navigation that helps you sift through job listings without getting lost.
• Location Flexibility: Compared to some platforms that require you to be within the state or city near your client, Upwork supports fully remote jobs.

Cons of Upwork

• High Competition: Landing the first gig remains challenging for any new freelance writer. Clients looking for content writing services often look for a solid portfolio before hiring their freelancer.
• Commission Fee: Upwork takes 20% of the first $500 you bill to your clients. This can be too hefty, especially for starters with minimal projects.
• Dispute Resolution: Users report difficulty connecting with Upwork’s resolution team to settle payment disputes.

Upwork Income

Content writing jobs on Upwork have an average pay of $15 to $40 an hour. Some companies who want a long-term arrangement with writers pay a flat fee of $800 a month.

Final Verdict

Upwork is a great job search engine that offers freelance writing jobs globally. It can take a while to build a solid reputation and attract regular clients, but it is nonetheless the most robust platform for writing gigs that pay.

2. Blogging Pro : Runner-Up

Blogging Pro is an easy-to-navigate job site for professional writers looking for trusted clients. Unlike most platforms that require you to create user profiles, Blogging Pro gives you total control over when and to who you want to apply.

Key Features of Blogging Pro

Here are the top features why we recommend Blogging Pro:

• Multiple Job Setup: Most job listings in this platform are remote, though a few require onsite arrangements. They also offer freelance, contract, or part-time setups.
• Writing Tips & Tutorials: Blogging Pro has quick links to articles that help you enhance your freelance work quality. Access is free with no sign-up requirement.
• In-demand Writing Categories: The platform only advertises writing jobs such as content writing, journalism, and copywriting. This saves you time from having to sort through vast, non-writing jobs.
• Direct Apply: Once you select a writing gig, you’ll get a comprehensive list of responsibilities and requirements and a snippet of the client’s background. Hitting ‘Apply for job’ leads you to the client’s website to complete the application.
• Fast Response Time: Blogging Pro requires clients to respond to applications within 24 to 48 hours. This guarantees you’ll get a response whether you make it or not.

Pros of Blogging Pro

• Free to Use: You don’t pay anything with Blogging Pro. No add-on costs, hidden fees, or cutbacks for commissions.
• Transparent Pricing: Most jobs in this portal provide their exact pay range. If not, their websites will, which you can access when you apply.
• Reliable Clients: Blogging Pro’s client list is a combination of established companies and startups with either brick-and-mortar stores or a legitimate online presence.

Cons of Blogging Pro

• Minimal Job Updates: Unlike bigger portals with daily job streams, Blogging Pro only updates when clients choose to advertise on their platform. They do an average of weekly updates with fewer than 20 new jobs.
• Requires Experience: While all positions are open to beginners, many clients indicate specific writing experience in their eligibility requirements. This can be tough to break for anyone with no portfolio to show.
• Inconsistent Income: Blogging Pro doesn’t set any price range guideline for clients apart from the minimum $15 requirement. It’s up to you to determine if the company’s offering a competitive price for the writing service required.

Blogging Pro Income

Blogging Pro guarantees a minimum of $15 hourly pay for writers as part of its initial agreement with clients. Some jobs, like social media writers, can pay up to $300 per project.

Blogging Pro is an excellent choice for finding freelance writing jobs covering different niches.

Its direct link to clients gives you full control of the application process and an overview of the job budget, so you won’t have to do the guesswork in finding out how much you’ll earn.

Still, it doesn’t offer many jobs, and you’ll often need to showcase proof of writing experience to land a gig.

3. Fiverr : Also Great

Fiverr is the perfect platform for individuals who prefer working with other individuals instead of a large-scale company.

This website is an ideal entry-level choice since you won’t have to bid or negotiate for jobs.

You’ll also have access to a potential client or buyer’s requests, including instructions and files to assist you in delivering their expected result.

Key Features of Fiverr

Let’s look into the features we like best about Fiverr and see if it fits your ideal freelance writing website:

• Worldwide Reach: Fiverr is available in 190 countries, with 42% of its users based in the U.S. It also houses clients from Canada, India, and the U.K.
• Seller Levels: You can climb up the levels if you constantly deliver quality tasks on time.
• Pro-verified Feature: If you have the background and experience of a trusted writer, then Fiverr might approve you as part of their ‘Pro Services’ feature. You can charge higher and increase the potential of attracting high-paying clients.
• Extensive Filter Customization: Fiverr wants an ideal match for their clients, so their filters are extensive. You can consider this feature when setting up your profile, delivery timelines, price range, and writing style.
• E-learning Products: If you’re looking to enhance your skills, try enrolling in Fiverr’s business and technical courses led by niche experts.

Pros of Fiverr

• Admin-free Experience: The platform handles the admin side of things like producing invoices, promotions, transaction recording, etc.
• Option for Early Payout: While only available to select sellers, the feature is an advantage. It’s an advantage if you need cash immediately instead of waiting for the typical 14-day clearing period.
• Opportunities to Broaden Skills: Fiverr’s writing jobs range from simple content writing to more challenging gigs like technical writeups. You’ll encounter task requests you haven’t tried before that can be a great learning opportunity.

Cons of Fiverr

• Low-paying Gigs: While you can charge your services for up to $995 per project, only top-rated and long-time freelancers enjoy that profit. Most starters will have to settle for the low price of $5.
• Issues with Scams: There are reports of freelancers not getting paid by clients claiming they have yet to receive their orders. It can be difficult to dispute this unless you have complete and detailed communications with the client.
• Commission Fee: Fiverr takes 20% off your earning regardless of your seller level or service cost. If you earn $5, you’ll only receive $4 as your take-home pay.

Fiverr Income

Your Fiverr income depends on the number of services you deliver. You can price it from $5 per project up to $995.

Fiverr’s a great place for freelancers who want to start small, minus all the hassle of promoting their services. By setting up an account, your profile’s automatically pooled under your chosen gig category.

It’s entry-level at best, which might not be the best option for advanced writers with considerable writing experience.

Notable Mentions: Other Writing Sites To Check Out

If you’re looking for alternative options other than our top 3 picks, you can try out these freelance writing sites:

4. Contently – Best for Experienced Writers

Contently is for expert freelance writers looking at landing a gig with big companies. Some of their clients include Coca-Cola, Dell, Walmart, and Google.

Unlike the other platforms on our list, you don’t apply for a writing job to be a part of their team. Their in-house talent scouts choose writers from all around the web and invite them for an interview.

That being said, having a solid creative platform that showcases your diverse writing portfolio is an essential factor to be considered for any of their gigs.

Why is Contently a Great Option?

Landing a gig at Contently is a surefire way to skyrocket your freelance career. You can add your experience with them to your portfolio along with the brands or companies you worked with.

Best of all, you can negotiate your rate. If you think they’re offering lower than your regular rate, you can demand higher pay.

Drawbacks to Contently

Its obvious drawback comes from the fact that it isn’t for beginners. Contently only contacts specialists with years of experience whose consistent portfolio speaks for their work quality.

Contently Income

Contently has a proprietary rate sheet that dictates the price range options for their projects. While we can’t divulge the specifics, online writers share earnings between $300 and $1,200 per piece.

5. Writers Work – Best Pooled Writing Jobs

Writers Work is a paid freelance writing platform that offers real-time data on writing gigs worldwide. They offer a lifetime subscription of $47 or a monthly option of $15.

It’s an excellent platform allowing you to do all your writing tasks in it. It has a built-in text editor and work tracker feature to help you organize your workload and set writing goals.

Writers Work also has one of the most diverse types of writing requests, such as writing stories for magazines or even fishing equipment reviews.

Why is Writers Work a Great Option?

One thing that Writers Work does well is its writing-only job board. You won’t find other popular gigs like graphic design or video production in its pool.

It’s a great platform for getting a constant stream of gigs you can easily filter by categories like finance, tech, and entertainment.

Drawbacks to Writers Work

There’s high competition in this platform, which may deter freelancers who are looking at quick payments. While there are varied writing options, landing those high-paying gigs requires skill and experience.

Writers Work Income

Writers get paid between $20 to $65 an hour. Other projects offer a fixed rate of $100 per project.

6. iWriter – Best for Tiered Writing Gigs

iWriter is an excellent platform that offers opportunities for writers to upgrade their skills and earning potential while writing more.

The platform offers four writing levels – Standard, Premium, Elite, and Elite Plus. Accessing higher levels mean higher-paying gigs.

We found iWriter to have a diverse niche in terms of topics and ideas, with clients providing specific writing instructions, including required keywords and formatting.

Why is iWriter a Great Option?

It’s easy to join iWriter as a freelancer. You’ll only need to pass two 200-word writing tests to complete the registration. Once done, you can start using the platform to find gigs.

Happy clients also have the option to give you tips for a job well done, helping you increase your income. You also have the opportunity to get paid weekly or biweekly, with a minimum of $20 in earnings.

Drawbacks to iWriter

A significant drawback of iWriter is its steep commission. The platform takes 35% of your total earnings, which is higher than other platforms in our list charge.

Rising through the ranks may also be challenging for new writers as you must deliver 30 articles with a minimum of a 4-star rating before leveling up a step.

iWriter income

Depending on your writing tier, you can earn between $1.25 to $260 in iWriter. There’s a fixed price assigned to word counts across the board, which varies in level.

7. WriterAccess – Best for Long-term Writing Job

WriterAccess is home to over 40,000 brands, all looking for quality writers. Many freelancers who start working with the platform often receive repeat orders from companies, agencies, and small businesses they’ve worked with.

This platform’s an excellent starting point for skilled writers looking for a freelance job with the potential for long-term employment.

Why is WriterAccess a Great Option?

WriterAccess is excellent for building a freelance writing career with reliable clients. You can get hired for all sorts of jobs, from writing blogs to writing short stories.

The platform screens all interested writers. If you pass, you’re automatically given a star rating, unlocking jobs within that level. The higher the rating, the bigger the pay.

Drawbacks to WriterAccess

While joining WriterAccess is free, getting approved can be a challenge. You must provide at least two public web pages as sample works on top of your general and industry experience.

WriterAccess income

All writers are paid 70% of what the client pays for each project.

8. ProBlogger – Best for Blog Writing

ProBlogger is a must-try platform if you’re into SEO writing and blogging. Most of its job postings are from website owners who want to outsource the writing part of their content marketing strategy.

This platform is ideal if you enjoy writing across different topics and are fine communicating directly with the client or managing your workload.

Why is ProBlogger a Great Option?

ProBlogger is great because of its real-time job listings and quality clients who pay well for your services. Joining the platform is easy, and you don’t have to pay anything.

All you need is to register to create your online resume. From here, you can bookmark jobs and create job alerts to get up to speed with the most recent job ads.

Drawbacks to ProBlogger

ProBlogger’s quality clientele attracts the most talents, so expect tough competition. The fact that these clients pay $80 to post their job ads on the platform means they’re willing to pay, but they can also be picky in hiring freelance writers.

ProBlogger income

Writers earn from $25 to $200 per piece, depending on the complexity and research work required. In-house or full-time bloggers earn between $45,000 to $90,000 annually.

Other Online Gigs to Check Out

Is online writing too tough for starters? Here are alternative options to earn money online.

• High-paying Surveys: Do you like answering surveys or giving quality feedback for products and services? This article introduces you to online surveys that pay well.
• How to Get Paid Playing Video Games: Bring your gaming experience to a new level and get paid! Know websites and apps that pay money, gift cards, and other rewards.
• Get Paid to Text: This is perfect for anyone who wants easy side hustles you can do any time, anywhere, even while on the go.

Frequently Asked Questions

Do online writing jobs pay well.

ZipRecruiter reports an average $38 hourly rate for online writers, a decent figure for remote work. The total compensation, however, will depend on other factors like the number of hours you write, the employer, and fees taken out of your earnings.

What is the Best Writing Niche?

The popularity of writing niche fluctuates, but top picks this 2023 include digital marketing, cryptocurrency, e-commerce, healthcare, and personal finance.

Wrapping Up

The freelance writing business is booming, and bagging a gig that pays well is possible if you know where to look.

Upwork is our top pick for the sheer volume of writing opportunities. Its thousands of jobs and multiple subcategories remain unbeatable, even with competitors like Fiverr.

Blogging Pro is also a favorite if you’re looking for niche-focused writing with clients that pay well.

Overall, checking out the online writing platforms we’ve listed opens you to opportunities to earn money by writing, even with little experience.

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Academic Assignment Writing Jobs for Technical Experts

Technical assignment writers wanted! We’re looking for talented writers who want to help students and earn money online. No office, schedule, or dress code — you can work from home and control your finances by yourself. We offer assignment writing jobs in technical disciplines. Join AssignmentShark and become a well-paid freelance writer!

Become Our Freelance Technical Expert

What we expect from our applicants.

Academic degree

Perfect command of English

Ability to meet deadlines

Excellent analytical and research skills

Self-discipline and motivation

Ability to work as a freelancer

IT Assignment Writing Jobs

IT is an extremely popular field today. Become an IT expert at AssignmentShark and get decent pay for your knowledge and skills!

Computer Network

This discipline can be tough for first-year students. Help them to get better grades, and make money while doing it!

Programming

We get dozens of requests from college students who have trouble with programming, Java assignments , coding tasks and so on. Join our team and provide them with high-quality assistance!

Computer Science

Manipulating digital data can be a passion or an academic burden. If you’re not afraid of challenges, then join our team as a computer science expert!

Natural Sciences Assignment Writing Jobs

Our planet keeps many secrets. Become one of the heroes who are ready to reveal them and help students to look at natural phenomena from a scientific point of view!

We offer freelance biology writing jobs to the experts who have a degree in this major. Use your knowledge and become a TOP writer on AssignmentShark!

Physics is a science that reveals the secrets of the universe. If you’re familiar with some of these mysteries, register as a technical expert on our site. You’ll make money while doing your favorite job!

Chemistry is an extremely complex discipline, and some students have trouble with their chemistry assignments. Provide them with academic assistance and earn money for your writing talent!

Financial Economics Assignment Writing Jobs

Money is the basis of our economy. For this reason, economics is an essential discipline. If you’re a pro at finances, then our assignment writing job is for you.

Corporate finance

Corporations are complex financial structures, and someone has to deal with these systems. If you know how to calculate big numbers, become a corporate finance expert at AssignmentShark.

All businesses and institutions have income and expenses. In fact, professional accountants are always in demand. Help students with their accounting homework and make money!

Formal Sciences Assignment Writing Jobs

Many students have difficulties with numbers and complain about math and statistics homework. You’ll make their life much easier if you join our team as an expert and provide them with academic assistance in formal sciences.

Get a freelance math writing job on our service if you want to have regular payments and comfortable working conditions. Work from home and make money easily!

Statistical data is essential for any research or analysis work. If you’re good at statistics, apply for an online assignment help job at AssignmentShark.

Start your career in technical assignment writing with us!

You are able to start your path toward a career as a technical expert. We offer you the opportunity to work online right from your home. You’ll work on a self-employed, freelance basis.

FAQ About Assignment Writing Jobs

How do i register.

To become a technical assignment writer on our site, you have to follow three steps.

Step 1 – Submit your email When you fill in a short form (email and name) on this page, we’ll send you a letter. Click the link in the confirmation letter to continue the registration.

Step 2 – Fill in your profile After submission, you’ll log in with your email (login) and temporary password from the letter. Now, we want to learn more about your background and qualifications. Fill in all the necessary details in your profile and save it.

Step 3 – Pass the test We want to provide students with high-quality academic assistance. To become a writer on our site, you’ll have to pass a one-hour test on one of twelve technical disciplines. You can make a maximum of five mistakes. Also, you can take several tests to prove your qualifications in several fields.

How much will I get paid?

You’ll have total control over your finances. Only you decide what bid to put on each order and how many orders you’re able to complete. The more orders you bid on, the more you can receive.

Will I get any bonuses?

Our company also has an additional way to motivate our technical assignment writers. We have special awards and bonuses for the experts who work productively and provide assignments of the best quality. Your bonus also depends on customers’ marks and on-time delivery.

How do I receive my payment?

We want our experts to get their payments for assignment writing jobs in the most comfortable way. Our service offers such types of payment methods: PayPal™, Payoneer and Wire Transfer. Pick the most convenient method and make money in any part of the world!

What bid should I place for the order?

Your bid is only your choice. Our service sets only a minimum limitation that depends on the deadline. Remember that the customer won’t see the same price per page, as we have a service commission. You may update or delete your bid at any moment.

What if my customer doesn’t release money for the order?

With our service, you don’t need to worry about your payment. We reserve money on the customer’s account in advance, and you’ll be 100% paid if you complete the order on time and according to the requirements. Each order is divided into several parts. A customer gets access to the second part only if he or she releases money for the first part. In such a manner, we guarantee that you’ll get paid for parts completed.

Is there a risk of getting a fine?

We try to provide comfortable conditions for the fruitful cooperation of both sides — our writers and our clients. Thus, we want certain rules and policies to be followed in order to protect the rights of both. If these regulations are adhered to, fines are not applied, as we are always honest with those who choose our service. Every case is considered and double-checked by our Quality Assurance Department, and after a thorough investigation, they make the final decision if the fine is just in a particular situation.

What Our Writers Say About AssignmentShark

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Understanding Assignments

What this handout is about.

The first step in any successful college writing venture is reading the assignment. While this sounds like a simple task, it can be a tough one. This handout will help you unravel your assignment and begin to craft an effective response. Much of the following advice will involve translating typical assignment terms and practices into meaningful clues to the type of writing your instructor expects. See our short video for more tips.

Basic beginnings

Regardless of the assignment, department, or instructor, adopting these two habits will serve you well :

• Read the assignment carefully as soon as you receive it. Do not put this task off—reading the assignment at the beginning will save you time, stress, and problems later. An assignment can look pretty straightforward at first, particularly if the instructor has provided lots of information. That does not mean it will not take time and effort to complete; you may even have to learn a new skill to complete the assignment.
• Ask the instructor about anything you do not understand. Do not hesitate to approach your instructor. Instructors would prefer to set you straight before you hand the paper in. That’s also when you will find their feedback most useful.

Assignment formats

Many assignments follow a basic format. Assignments often begin with an overview of the topic, include a central verb or verbs that describe the task, and offer some additional suggestions, questions, or prompts to get you started.

An Overview of Some Kind

The instructor might set the stage with some general discussion of the subject of the assignment, introduce the topic, or remind you of something pertinent that you have discussed in class. For example:

“Throughout history, gerbils have played a key role in politics,” or “In the last few weeks of class, we have focused on the evening wear of the housefly …”

The Task of the Assignment

Pay attention; this part tells you what to do when you write the paper. Look for the key verb or verbs in the sentence. Words like analyze, summarize, or compare direct you to think about your topic in a certain way. Also pay attention to words such as how, what, when, where, and why; these words guide your attention toward specific information. (See the section in this handout titled “Key Terms” for more information.)

“Analyze the effect that gerbils had on the Russian Revolution”, or “Suggest an interpretation of housefly undergarments that differs from Darwin’s.”

Additional Material to Think about

Here you will find some questions to use as springboards as you begin to think about the topic. Instructors usually include these questions as suggestions rather than requirements. Do not feel compelled to answer every question unless the instructor asks you to do so. Pay attention to the order of the questions. Sometimes they suggest the thinking process your instructor imagines you will need to follow to begin thinking about the topic.

“You may wish to consider the differing views held by Communist gerbils vs. Monarchist gerbils, or Can there be such a thing as ‘the housefly garment industry’ or is it just a home-based craft?”

These are the instructor’s comments about writing expectations:

“Be concise”, “Write effectively”, or “Argue furiously.”

Technical Details

These instructions usually indicate format rules or guidelines.

“Your paper must be typed in Palatino font on gray paper and must not exceed 600 pages. It is due on the anniversary of Mao Tse-tung’s death.”

The assignment’s parts may not appear in exactly this order, and each part may be very long or really short. Nonetheless, being aware of this standard pattern can help you understand what your instructor wants you to do.

Interpreting the assignment

Ask yourself a few basic questions as you read and jot down the answers on the assignment sheet:

Why did your instructor ask you to do this particular task?

Who is your audience.

• What kind of evidence do you need to support your ideas?

What kind of writing style is acceptable?

• What are the absolute rules of the paper?

Try to look at the question from the point of view of the instructor. Recognize that your instructor has a reason for giving you this assignment and for giving it to you at a particular point in the semester. In every assignment, the instructor has a challenge for you. This challenge could be anything from demonstrating an ability to think clearly to demonstrating an ability to use the library. See the assignment not as a vague suggestion of what to do but as an opportunity to show that you can handle the course material as directed. Paper assignments give you more than a topic to discuss—they ask you to do something with the topic. Keep reminding yourself of that. Be careful to avoid the other extreme as well: do not read more into the assignment than what is there.

Of course, your instructor has given you an assignment so that they will be able to assess your understanding of the course material and give you an appropriate grade. But there is more to it than that. Your instructor has tried to design a learning experience of some kind. Your instructor wants you to think about something in a particular way for a particular reason. If you read the course description at the beginning of your syllabus, review the assigned readings, and consider the assignment itself, you may begin to see the plan, purpose, or approach to the subject matter that your instructor has created for you. If you still aren’t sure of the assignment’s goals, try asking the instructor. For help with this, see our handout on getting feedback .

Given your instructor’s efforts, it helps to answer the question: What is my purpose in completing this assignment? Is it to gather research from a variety of outside sources and present a coherent picture? Is it to take material I have been learning in class and apply it to a new situation? Is it to prove a point one way or another? Key words from the assignment can help you figure this out. Look for key terms in the form of active verbs that tell you what to do.

Key Terms: Finding Those Active Verbs

Here are some common key words and definitions to help you think about assignment terms:

Information words Ask you to demonstrate what you know about the subject, such as who, what, when, where, how, and why.

• define —give the subject’s meaning (according to someone or something). Sometimes you have to give more than one view on the subject’s meaning
• describe —provide details about the subject by answering question words (such as who, what, when, where, how, and why); you might also give details related to the five senses (what you see, hear, feel, taste, and smell)
• explain —give reasons why or examples of how something happened
• illustrate —give descriptive examples of the subject and show how each is connected with the subject
• summarize —briefly list the important ideas you learned about the subject
• trace —outline how something has changed or developed from an earlier time to its current form
• research —gather material from outside sources about the subject, often with the implication or requirement that you will analyze what you have found

Relation words Ask you to demonstrate how things are connected.

• compare —show how two or more things are similar (and, sometimes, different)
• contrast —show how two or more things are dissimilar
• apply —use details that you’ve been given to demonstrate how an idea, theory, or concept works in a particular situation
• cause —show how one event or series of events made something else happen
• relate —show or describe the connections between things

Interpretation words Ask you to defend ideas of your own about the subject. Do not see these words as requesting opinion alone (unless the assignment specifically says so), but as requiring opinion that is supported by concrete evidence. Remember examples, principles, definitions, or concepts from class or research and use them in your interpretation.

• assess —summarize your opinion of the subject and measure it against something
• prove, justify —give reasons or examples to demonstrate how or why something is the truth
• evaluate, respond —state your opinion of the subject as good, bad, or some combination of the two, with examples and reasons
• support —give reasons or evidence for something you believe (be sure to state clearly what it is that you believe)
• synthesize —put two or more things together that have not been put together in class or in your readings before; do not just summarize one and then the other and say that they are similar or different—you must provide a reason for putting them together that runs all the way through the paper
• analyze —determine how individual parts create or relate to the whole, figure out how something works, what it might mean, or why it is important
• argue —take a side and defend it with evidence against the other side

More Clues to Your Purpose As you read the assignment, think about what the teacher does in class:

• What kinds of textbooks or coursepack did your instructor choose for the course—ones that provide background information, explain theories or perspectives, or argue a point of view?
• In lecture, does your instructor ask your opinion, try to prove their point of view, or use keywords that show up again in the assignment?
• What kinds of assignments are typical in this discipline? Social science classes often expect more research. Humanities classes thrive on interpretation and analysis.
• How do the assignments, readings, and lectures work together in the course? Instructors spend time designing courses, sometimes even arguing with their peers about the most effective course materials. Figuring out the overall design to the course will help you understand what each assignment is meant to achieve.

Now, what about your reader? Most undergraduates think of their audience as the instructor. True, your instructor is a good person to keep in mind as you write. But for the purposes of a good paper, think of your audience as someone like your roommate: smart enough to understand a clear, logical argument, but not someone who already knows exactly what is going on in your particular paper. Remember, even if the instructor knows everything there is to know about your paper topic, they still have to read your paper and assess your understanding. In other words, teach the material to your reader.

Aiming a paper at your audience happens in two ways: you make decisions about the tone and the level of information you want to convey.

• Tone means the “voice” of your paper. Should you be chatty, formal, or objective? Usually you will find some happy medium—you do not want to alienate your reader by sounding condescending or superior, but you do not want to, um, like, totally wig on the man, you know? Eschew ostentatious erudition: some students think the way to sound academic is to use big words. Be careful—you can sound ridiculous, especially if you use the wrong big words.
• The level of information you use depends on who you think your audience is. If you imagine your audience as your instructor and they already know everything you have to say, you may find yourself leaving out key information that can cause your argument to be unconvincing and illogical. But you do not have to explain every single word or issue. If you are telling your roommate what happened on your favorite science fiction TV show last night, you do not say, “First a dark-haired white man of average height, wearing a suit and carrying a flashlight, walked into the room. Then a purple alien with fifteen arms and at least three eyes turned around. Then the man smiled slightly. In the background, you could hear a clock ticking. The room was fairly dark and had at least two windows that I saw.” You also do not say, “This guy found some aliens. The end.” Find some balance of useful details that support your main point.

You’ll find a much more detailed discussion of these concepts in our handout on audience .

The Grim Truth

With a few exceptions (including some lab and ethnography reports), you are probably being asked to make an argument. You must convince your audience. It is easy to forget this aim when you are researching and writing; as you become involved in your subject matter, you may become enmeshed in the details and focus on learning or simply telling the information you have found. You need to do more than just repeat what you have read. Your writing should have a point, and you should be able to say it in a sentence. Sometimes instructors call this sentence a “thesis” or a “claim.”

So, if your instructor tells you to write about some aspect of oral hygiene, you do not want to just list: “First, you brush your teeth with a soft brush and some peanut butter. Then, you floss with unwaxed, bologna-flavored string. Finally, gargle with bourbon.” Instead, you could say, “Of all the oral cleaning methods, sandblasting removes the most plaque. Therefore it should be recommended by the American Dental Association.” Or, “From an aesthetic perspective, moldy teeth can be quite charming. However, their joys are short-lived.”

Convincing the reader of your argument is the goal of academic writing. It doesn’t have to say “argument” anywhere in the assignment for you to need one. Look at the assignment and think about what kind of argument you could make about it instead of just seeing it as a checklist of information you have to present. For help with understanding the role of argument in academic writing, see our handout on argument .

What kind of evidence do you need?

There are many kinds of evidence, and what type of evidence will work for your assignment can depend on several factors–the discipline, the parameters of the assignment, and your instructor’s preference. Should you use statistics? Historical examples? Do you need to conduct your own experiment? Can you rely on personal experience? See our handout on evidence for suggestions on how to use evidence appropriately.

Make sure you are clear about this part of the assignment, because your use of evidence will be crucial in writing a successful paper. You are not just learning how to argue; you are learning how to argue with specific types of materials and ideas. Ask your instructor what counts as acceptable evidence. You can also ask a librarian for help. No matter what kind of evidence you use, be sure to cite it correctly—see the UNC Libraries citation tutorial .

You cannot always tell from the assignment just what sort of writing style your instructor expects. The instructor may be really laid back in class but still expect you to sound formal in writing. Or the instructor may be fairly formal in class and ask you to write a reflection paper where you need to use “I” and speak from your own experience.

Try to avoid false associations of a particular field with a style (“art historians like wacky creativity,” or “political scientists are boring and just give facts”) and look instead to the types of readings you have been given in class. No one expects you to write like Plato—just use the readings as a guide for what is standard or preferable to your instructor. When in doubt, ask your instructor about the level of formality they expect.

No matter what field you are writing for or what facts you are including, if you do not write so that your reader can understand your main idea, you have wasted your time. So make clarity your main goal. For specific help with style, see our handout on style .

Technical details about the assignment

The technical information you are given in an assignment always seems like the easy part. This section can actually give you lots of little hints about approaching the task. Find out if elements such as page length and citation format (see the UNC Libraries citation tutorial ) are negotiable. Some professors do not have strong preferences as long as you are consistent and fully answer the assignment. Some professors are very specific and will deduct big points for deviations.

Usually, the page length tells you something important: The instructor thinks the size of the paper is appropriate to the assignment’s parameters. In plain English, your instructor is telling you how many pages it should take for you to answer the question as fully as you are expected to. So if an assignment is two pages long, you cannot pad your paper with examples or reword your main idea several times. Hit your one point early, defend it with the clearest example, and finish quickly. If an assignment is ten pages long, you can be more complex in your main points and examples—and if you can only produce five pages for that assignment, you need to see someone for help—as soon as possible.

Tricks that don’t work

Your instructors are not fooled when you:

• spend more time on the cover page than the essay —graphics, cool binders, and cute titles are no replacement for a well-written paper.
• use huge fonts, wide margins, or extra spacing to pad the page length —these tricks are immediately obvious to the eye. Most instructors use the same word processor you do. They know what’s possible. Such tactics are especially damning when the instructor has a stack of 60 papers to grade and yours is the only one that low-flying airplane pilots could read.
• use a paper from another class that covered “sort of similar” material . Again, the instructor has a particular task for you to fulfill in the assignment that usually relates to course material and lectures. Your other paper may not cover this material, and turning in the same paper for more than one course may constitute an Honor Code violation . Ask the instructor—it can’t hurt.
• get all wacky and “creative” before you answer the question . Showing that you are able to think beyond the boundaries of a simple assignment can be good, but you must do what the assignment calls for first. Again, check with your instructor. A humorous tone can be refreshing for someone grading a stack of papers, but it will not get you a good grade if you have not fulfilled the task.

Critical reading of assignments leads to skills in other types of reading and writing. If you get good at figuring out what the real goals of assignments are, you are going to be better at understanding the goals of all of your classes and fields of study.

You may reproduce it for non-commercial use if you use the entire handout and attribute the source: The Writing Center, University of North Carolina at Chapel Hill

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Assignment Definition

Investing Strategy , Jargon, Legal, Terminology, Title

Table of Contents

• What Is an Assignment?
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• What Does it Mean to Assign a Contract in Real Estate?
• How Does a Contract Assignment Work?
• Pros and Cons of Assigning Contracts

REtipster does not provide legal advice. The information in this article can be impacted by many unique variables. Always consult with a qualified legal professional before taking action.

An assignment or assignment of contract is a way to profit from a real estate transaction without becoming the owner of the property.

The assignment method is a standard tool in a real estate wholesaler’s kit and lowers the barrier to entry for a real estate investor because it does not require the wholesaler to use much (or any) of their own money to profit from a deal.

Contract assignment is a common wholesaling strategy where the seller and the wholesaler (acting as a middleman in this case) sign an agreement giving the wholesaler the sole right to buy a property at a specified price, within a certain period of time.

The wholesaler then finds another buyer and assigns the contract to him or her. The wholesaler isn’t selling the property to the end buyer because the wholesaler never takes title to the property during the process. The wholesaler is simply selling the contract, which gives the end buyer the right to buy the property in accordance with the original purchase agreement.

In doing this, the wholesaler can earn an assignment fee for putting the deal together.

Some states require a real estate wholesaler to be a licensed real estate agent, and the assignment strategy can’t be used for HUD homes and REOs.

The process for assigning a contract follows some common steps. In summary, it looks like this:

• Find the right property.
• Get a purchase agreement signed.
• Find an end buyer.
• Assign the contract.
• Close the transaction and collect your assignment fee.

We describe each step in the process below.

1. Find the Right Property

This is where the heavy lifting happens—investors use many different marketing tactics to find leads and identify properties that work with their investing strategy. Typically, for wholesaling to work, a wholesaler needs a motivated seller who wants to unload the property as soon as possible. That sense of urgency works to the wholesaler’s advantage in negotiating a price that will attract buyers and cover their assignment fee.

RELATED: What is “Driving for Dollars” and How Does It Work?

2. Get a Purchase Agreement Signed

Once a motivated seller has agreed to sell their property at a discounted price, they will sign a purchase agreement with the wholesaler. The purchase agreement needs to contain specific, clear language that allows the wholesaler (for example, you) to assign their rights in the agreement to a third party.

Note that most standard purchase agreements do not include this language by default. If you plan to assign this contract, make sure this language is included. You can consult an attorney to cover the correct verbiage in a way that the seller understands it.

RELATED: Wholesaling Made Simple! A Comprehensive Guide to Assigning Contracts

This can’t be stressed enough: It’s extremely important for a wholesaler to communicate with their seller about their intent to assign the contract. Many sellers are not familiar with the assignment process, so if the role of the buyer is going to change along the way, the seller needs to be aware of this on or before they sign the original purchase agreement.

3. Find an End Buyer

This is the other half of a wholesaler’s job—marketing to find buyers. Once they find an end buyer, the wholesaler can assign the contract to the new party and work with the original seller and the end buyer to schedule a closing date.

4. Assign the Contract

Assigning the contract works through a simple assignment agreement. This agreement allows the end buyer to step into the wholesaler’s shoes as the buyer in the original contract.

In other words, this document “replaces” the wholesaler with the new end buyer.

Most assignment contracts include language for a nonrefundable deposit from the end buyer, which protects the wholesaler if the buyer backs out. While you can download assignment contract templates online, most experts recommend having an attorney review your contracts. The assignment wording has to be precise and comply with applicable local laws to protect you from issues down the road.

5. Close the Transaction and Collect the Assignment Fee

Finally, you will receive your assignment fee (or wholesale fee) when the end buyer closes the deal.

The assignment fee is often the difference between the original purchase price (the price that the seller agreed with the wholesaler) and the end buyer’s purchase price (the price the wholesaler agreed with the end buyer), but it can also be a percentage of it or even a flat amount.

According to UpCounsel, most contract assignments are done for about $5,000, although depending on the property and the market, it could be higher or lower.

IMPORTANT: the end buyer will see precisely how much the assignment fee is. This is because they must sign two documents that show the original price and the assignment fee: the closing statement and the assignment agreement, respectively, to close the transaction.

In many cases, if the assignment fee is a reasonable amount relative to the purchase price, most buyers won’t take any issue with the wholesaler taking their fee—after all, the wholesaler made the deal happen, and it’s compensation for their efforts. However, if the assignment fee is too big (such as the wholesaler taking $20,000 from an original purchase price of $10,000, while the end buyer buys it for $50,000), it may ruffle some feathers and lead to uncomfortable questions.

In these instances where the wholesaler has a substantially higher profit margin, a wholesaler can instead do a double closing . In a double closing, the wholesaler closes two separate deals (one with the seller and another with the buyer) on the same day, but the seller and buyer cannot see the numbers and overall profit margin the wholesaler makes between the two transactions. This makes a double closing a much safer way to conclude a transaction.

Assigning contracts is a way to lower the barrier to entry for many new real estate investors; because they don’t need to put up their own money to buy a property or assume any risk in financing a deal.

The wholesaler isn’t part of the title chain, which streamlines the process and avoids the hassle of closing two times. Compared to the double-close strategy, assignment contracts require less paperwork and are usually less costly (because there is only one closing occurring, rather than two separate transactions).

On the downside, the wholesaler has to sell the property as-is, because they don’t own it at any point and they cannot make repairs or renovations to make the property look more attractive to a potential buyer. Financing may be much more difficult for the end buyer because many mortgage lenders won’t work with assigned contracts. Purchase Agreements also have expiration dates, which means the wholesaler has a limited window of time to find an end buyer and get the deal done.

Being successful with assignment contracts usually comes down to excellent marketing, networking, and communication between all parties involved. It’s all about developing strategies to find the right properties and having a solid network of investors you can assign them to quickly.

It’s also critical to be aware of any applicable laws in the jurisdiction where the wholesaler is working and holding any licenses required for these kinds of real estate transactions.

Related terms

Double closing, wholesaling (real estate wholesaling), transactional funding.

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How To Navigate The Real Estate Assignment Contract

What is assignment of contract?

Assignment of contract vs double close

How to assign a contract

Assignment of contract pros and cons

Even the most left-brained, technical real estate practitioners may find themselves overwhelmed by the legal forms that have become synonymous with the investing industry. The assignment of contract strategy, in particular, has developed a confusing reputation for those unfamiliar with the concept of wholesaling. At the very least, there’s a good chance the “assignment of contract real estate” exit strategy sounds more like a foreign language to new investors than a viable means to an end.

A real estate assignment contract isn’t as complicated as many make it out to be, nor is it something to shy away from because of a lack of understanding. Instead, new investors need to learn how to assign a real estate contract as this particular exit strategy represents one of the best ways to break into the industry.

In this article, we will break down the elements of a real estate assignment contract, or a real estate wholesale contract, and provide strategies for how it can help investors further their careers. [ Thinking about investing in real estate? Register to attend a FREE online real estate class and learn how to get started investing in real estate. ]

What Is A Real Estate Assignment Contract?

A real estate assignment contract is a wholesale strategy used by real estate investors to facilitate the sale of a property between an owner and an end buyer. As its name suggests, contract assignment strategies will witness a subject property owner sign a contract with an investor that gives them the rights to buy the home. That’s an important distinction to make, as the contract only gives the investor the right to buy the home; they don’t actually follow through on a purchase. Once under contract, however, the investor retains the sole right to buy the home. That means they may then sell their rights to buy the house to another buyer. Therefore, when a wholesaler executes a contact assignment, they aren’t selling a house but rather their rights to buy a house. The end buyer will pay the wholesale a small assignment fee and buy the house from the original buyer.

The real estate assignment contract strategy is only as strong as the contracts used in the agreement. The language used in the respective contract is of the utmost importance and should clearly define what the investors and sellers expect out of the deal.

There are a couple of caveats to keep in mind when considering using sales contracts for real estate:

Contract prohibitions: Make sure the contract you have with the property seller does not have prohibitions for future assignments. This can create serious issues down the road. Make sure the contract is drafted by a lawyer that specializes in real estate assignment contract law.

Property-specific prohibitions: HUD homes (property obtained by the Department of Housing and Urban Development), real estate owned or REOs (foreclosed-upon property), and listed properties are not open to assignment contracts. REO properties, for example, have a 90-day period before being allowed to be resold.

What Is An Assignment Fee In Real Estate?

An assignment fee in real estate is the money a wholesaler can expect to receive from an end buyer when they sell them their rights to buy the subject property. In other words, the assignment fee serves as the monetary compensation awarded to the wholesaler for connecting the original seller with the end buyer.

Again, any contract used to disclose a wholesale deal should be completely transparent, and including the assignment fee is no exception. The terms of how an investor will be paid upon assigning a contract should, nonetheless, be spelled out in the contract itself.

The standard assignment fee is $5,000. However, every deal is different. Buyers differ on their needs and criteria for spending their money (e.g., rehabbing vs. buy-and-hold buyers). As with any negotiations , proper information is vital. Take the time to find out how much the property would realistically cost before and after repairs. Then, add your preferred assignment fee on top of it.

Traditionally, investors will receive a deposit when they sign the Assignment of Real Estate Purchase and Sale Agreement . The rest of the assignment fee will be paid out upon the deal closing.

Assignment Contract Vs Double Close

The real estate assignment contract strategy is just one of the two methods investors may use to wholesale a deal. In addition to assigning contracts, investors may also choose to double close. While both strategies are essentially variations of a wholesale deal, several differences must be noted.

A double closing, otherwise known as a back-to-back closing, will have investors actually purchase the home. However, instead of holding onto it, they will immediately sell the asset without rehabbing it. Double closings aren’t as traditional as fast as contract assignment, but they can be in the right situation. Double closings can also take as long as a few weeks. In the end, double closings aren’t all that different from a traditional buy and sell; they transpire over a meeter of weeks instead of months.

Assignment real estate strategies are usually the first option investors will want to consider, as they are slightly easier and less involved. That said, real estate assignment contract methods aren’t necessarily better; they are just different. The wholesale strategy an investor chooses is entirely dependent on their situation. For example, if a buyer cannot line up funding fast enough, they may need to initiate a double closing because they don’t have the capital to pay the acquisition costs and assignment fee. Meanwhile, select institutional lenders incorporate language against lending money in an assignment of contract scenario. Therefore, any subsequent wholesale will need to be an assignment of contract.

Double closings and contract assignments are simply two means of obtaining the same end. Neither is better than the other; they are meant to be used in different scenarios.

Flipping Real Estate Contracts

Those unfamiliar with the real estate contract assignment concept may know it as something else: flipping real estate contracts; if for nothing else, the two are one-in-the-same. Flipping real estate contracts is simply another way to refer to assigning a contract.

Is An Assignment Of Contract Legal?

Yes, an assignment of contract is legal when executed correctly. Wholesalers must follow local laws regulating the language of contracts, as some jurisdictions have more regulations than others. It is also becoming increasingly common to assign contracts to a legal entity or LLC rather than an individual, to prevent objections from the bank. Note that you will need written consent from all parties listed on the contract, and there cannot be any clauses present that violate the law. If you have any questions about the specific language to include in a contract, it’s always a good idea to consult a qualified real estate attorney.

When Will Assignments Not Be Enforced?

In certain cases, an assignment of contract will not be enforced. Most notably, if the contract violates the law or any local regulations it cannot be enforced. This is why it is always encouraged to understand real estate laws and policy as soon as you enter the industry. Further, working with a qualified attorney when crafting contracts can be beneficial.

It may seem obvious, but assignment contracts will not be enforced if the language is used incorrectly. If the language in a contract contradicts itself, or if the contract is not legally binding it cannot be enforced. Essentially if there is any anti-assignment language, this can void the contract. Finally, if the assignment violates what is included under the contract, for example by devaluing the item, the contract will likely not be enforced.

How To Assign A Real Estate Contract

A wholesaling investment strategy that utilizes assignment contracts has many advantages, one of them being a low barrier-to-entry for investors. However, despite its inherent profitability, there are a lot of investors that underestimate the process. While probably the easiest exit strategy in all of real estate investing, there are a number of steps that must be taken to ensure a timely and profitable contract assignment, not the least of which include:

Find the right property

Acquire a real estate contract template

Submit the contract

Assign the contract

Collect the fee

1. Find The Right Property

You need to prune your leads, whether from newspaper ads, online marketing, or direct mail marketing. Remember, you aren’t just looking for any seller: you need a motivated seller who will sell their property at a price that works with your investing strategy.

The difference between a regular seller and a motivated seller is the latter’s sense of urgency. A motivated seller wants their property sold now. Pick a seller who wants to be rid of their property in the quickest time possible. It could be because they’re moving out of state, or they want to buy another house in a different area ASAP. Or, they don’t want to live in that house anymore for personal reasons. The key is to know their motivation for selling and determine if that intent is enough to sell immediately.

With a better idea of who to buy from, wholesalers will have an easier time exercising one of several marketing strategies:

Direct Mail

Real Estate Meetings

Local Marketing

2. Acquire A Real Estate Contract Template

Real estate assignment contract templates are readily available online. Although it’s tempting to go the DIY route, it’s generally advisable to let a lawyer see it first. This way, you will have the comfort of knowing you are doing it right, and that you have counsel in case of any legal problems along the way.

One of the things proper wholesale real estate contracts add is the phrase “and/or assigns” next to your name. This clause will give you the authority to sell the property or assign the property to another buyer.

You do need to disclose this to the seller and explain the clause if needed. Assure them that they will still get the amount you both agreed upon, but it gives you deal flexibility down the road.

3. Submit The Contract

Depending on your state’s laws, you need to submit your real estate assignment contract to a title company, or a closing attorney, for a title search. These are independent parties that look into the history of a property, seeing that there are no liens attached to the title. They then sign off on the validity of the contract.

4. Assign The Contract

Finding your buyer, similar to finding a seller, requires proper segmentation. When searching for buyers, investors should exercise several avenues, including online marketing, listing websites, or networking groups. In the real estate industry, this process is called building a buyer’s list, and it is a crucial step to finding success in assigning contracts.

Once you have found a buyer (hopefully from your ever-growing buyer’s list), ensure your contract includes language that covers earnest money to be paid upfront. This grants you protection against a possible breach of contract. This also assures you that you will profit, whether the transaction closes or not, as earnest money is non-refundable. How much it is depends on you, as long as it is properly justified.

5. Collect The Fee

Your profit from a deal of this kind comes from both your assignment fee, as well as the difference between the agreed-upon value and how much you sell it to the buyer. If you and the seller decide you will buy the property for $75,000 and sell it for $80,000 to the buyer, you profit $5,000. The deal is closed once the buyer pays the full $80,000.

Assignment of Contract Pros

For many investors, the most attractive benefit of an assignment of contract is the ability to profit without ever purchasing a property. This is often what attracts people to start wholesaling, as it allows many to learn the ropes of real estate with relatively low stakes. An assignment fee can either be determined as a percentage of the purchase price or as a set amount determined by the wholesaler. A standard fee is around $5,000 per contract.

The profit potential is not the only positive associated with an assignment of contract. Investors also benefit from not being added to the title chain, which can greatly reduce the costs and timeline associated with a deal. This benefit can even transfer to the seller and end buyer, as they get to avoid paying a real estate agent fee by opting for an assignment of contract. Compared to a double close (another popular wholesaling strategy), investors can avoid two sets of closing costs. All of these pros can positively impact an investor’s bottom line, making this a highly desirable exit strategy.

Assignment of Contract Cons

Although there are numerous perks to an assignment of contract, there are a few downsides to be aware of before searching for your first wholesale deal. Namely, working with buyers and sellers who may not be familiar with wholesaling can be challenging. Investors need to be prepared to familiarize newcomers with the process and be ready to answer any questions. Occasionally, sellers will purposely not accept an assignment of contract situation. Investors should occasionally expect this, as to not get discouraged.

Another obstacle wholesalers may face when working with an assignment of contract is in cases where the end buyer wants to back out. This can happen if the buyer is not comfortable paying the assignment fee, or if they don’t have owner’s rights until the contract is fully assigned. The best way to protect yourself from situations like this is to form a reliable buyer’s list and be upfront with all of the information. It is always recommended to develop a solid contract as well.

Know that not all properties can be wholesaled, for example HUD houses. In these cases, there are often anti-assigned clauses preventing wholesalers from getting involved. Make sure you know how to identify these properties so you don’t waste your time. Keep in mind that while there are cons to this real estate exit strategy, the right preparation can help investors avoid any big challenges.

Assignment of Contract Template

If you decide to pursue a career wholesaling real estate, then you’ll want the tools that will make your life as easy as possible. The good news is that there are plenty of real estate tools and templates at your disposal so that you don’t have to reinvent the wheel! For instance, here is an assignment of contract template that you can use when you strike your first deal.

As with any part of the real estate investing trade, no single aspect will lead to success. However, understanding how a real estate assignment of contract works is vital for this business. When you comprehend the many layers of how contracts are assigned—and how wholesaling works from beginning to end—you’ll be a more informed, educated, and successful investor.

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5 Types of Homework Assignments for a Skills-First Hiring Process

CVs and interviews don’t predict job performance, but work assignments can.

It’s really simple; hiring managers need to place competence in context to assess candidates’ technical and interpersonal skills .

If a structured interview process can help flush out candidates with the right attitude and cultural alignment, homework assignments can highlight people with the perfect skillset for the role.

And for a hiring manager, the hiring confidence when selecting between candidates who list the right skills on their resume and those who nail take-home tasks is like night and day.

Curious if work assignments could be a good fit for your company? In this article, we discuss:

• what a homework assignment is all about
• why companies prioritize work assignments over interviews
• how to reassure candidates that work assignments aren’t ‘free work’
• the easiest way to incorporate take-home tasks into your hiring process
• five tips for designing an effective homework assignment

Let’s dive in!

What is a homework assignment?

A homework assignment or an interview project is a task given to a candidate during the interview process that tests whether they have the right skills for a role. Typically these assignments take about an hour or two to complete and have a specific deadline. But they can be more detailed and take up to 5 hours or longer, depending on the role seniority or complexity.

We recommend sticking to a maximum of two hour-projects to keep it fair and reasonable for candidates. As a hiring manager, your main goal is to get a reliable snapshot of a candidate’s technical fit for the job – not to subject applicants to NASA-level testing.

Alternatively, you could swap homework assignments for paid test projects. While many candidates frown upon the idea of completing longer take-home tasks for free (who doesn’t hate free labor?), paid projects are generally accepted as a reasonable alternative. Learn how we leverage paid projects at Toggl Hire.

If a candidate won’t complete an assignment that takes less than 2 hours of their time, likely, they aren’t really interested in the role. So it also doubles as a reliable method to screen out prospective bad hires .

Why do companies ask candidates to complete homework assignments?

Homework assignments help companies get a better idea of a candidate’s strengths and whether they’d be a good match for the role. It’s a bit like shopping online. Seeing a new pair of sneakers you want in a 2D image is great. But getting a fully immersive AR experience really brings the sneakers to life and builds your confidence you’re making the right choice!

These days, many companies prioritize work assignments over interviews , as the typical interview process is outdated. Interviews and CVs alone don’t help the hiring team explore a candidate’s actual abilities. Why? Well, firstly, candidates sometimes exaggerate their qualifications on CVs. Plus, a potential candidate could be great in an interview scenario but terrible at the actual job.

Another reason interviews are passé is that they can open up the hiring team to potential cognitive bias (hiring someone very similar to you). This might seem kind of nice, but in the end, you’ll have less diversity if everyone you hired was a mini-me, right?

Yet, interviews do have an important role to play in the hiring process. But not right in the beginning, necessarily. Shifting the interview portion further down the hiring process steps helps companies focus on quality candidates rather than the search for quality candidates. They could rather confirm the technical fit through skills assessments and then dig deeper during the second interview.

According to HBR, prioritizing homework assignments over interviews can help recruiters better match true competency with the job requirements:

One of us (Jeff) spent several years hiring writers for our firm. He used a scenario-driven writing assignment, administered after a short introductory call, to assess skills. Many publications use writing or editing tests for job candidates, but Jeff approached the task more analytically than most: After receiving the assignment, he conducted a follow-up conversation to understand not just what was on the page, but the candidate’s choices in crafting it. Not only did this give us a sense of how a candidate would perform, but they got a much better sense of the job itself, as we related elements of the task to actual role expectations. By using the same exercise repeatedly, it also built a database of responses over time, a positive feedback loop to better assess the next candidate. Geoff Tuff, a principal at Deloitte Consulting LLP – Harvard Business Review

The real benefits are that work assignments and skills assessments paint a truer picture and can also:

• help identify the best person for the job
• reveal an applicant’s work ethic
• reduce the risk of selecting candidates that have lapsed technical skills (especially with the rapid evolution of technology)
• are easy to deploy at scale – you can narrow down the number of applicants from 500 to 50 to save the hiring team loads of time
• help organizations draw in non-typical but strong candidates that broaden the team’s diversity, equity & inclusion
• reduce the risk and cost of a bad hire

What do candidates gain from completing homework assignments?

Job seekers may not often feel enthusiastic about interview assignments. And we get it. People are busy juggling so many things in their day to day that adding one more can feel overwhelming. But those who look at the bigger picture see it as an opportunity to shine.

Work assignments are a foolproof way for job seekers to demonstrate their skills and expertise . And if candidates happen to have any gaps in their experience, they can still demonstrate their aptitude through an online assignment.

It’s also an easy way for candidates to show they’re truly interested in the position and the employer and stand out from the crowd of other applicants.

Not only do these task projects give them a peek into their potential day-to-day responsibilities , but it’s also a window into whether the role is a good fit for them in the long run .

If they find the task takes too long or that the topic or sector is dryer than toast – they should put their sights elsewhere. But if it’s all systems go – then they’ve already got a head start on producing what’s needed for the role.

5 Types of take-home interview assignments

Take-home interview assignments are a popular choice for assessing technical and creative candidates. But now companies are seeing the benefits for other roles too.

Three things that hiring managers should consider for all these types of interview assignments:

• Letting candidates know about the test beforehand. That way, they’re not surprised and feel they’re starting off on the wrong foot.
• Automating everything they can in the testing process, so they don’t leave candidates high and dry in between lengthy hiring phases.
• Using the data they gain from these tests and candidate feedback to update their hiring process.

And now, onto the examples of homework assignments.

#1 Basic skills screening

Quick skills screening tests as a pre-qualifying step can help reduce the volume of applications without any manual effort. That means no manual resume screening or individual candidate feedback.

As applicants get instant feedback via skills test results (they either pass the required score threshold and move on or stop there), recruiters and hiring managers benefit in three major ways: 1) they save hours of their time by automating CV screening; 2) they can easily identify qualified applicants who should move to the interview stage; 3) they ensure a great candidate experience with modern skills-based hiring practices.

Good practices:

Keeping the tests short and sweet to respect candidates’ time and effort. We’d recommend 15 or 20-minute assessments at the kickoff. However, it’s important to ensure the tests are hard, so they actually act like a quality filter for your candidate pipeline.

Bad practices:

Focusing too much on theoretical, bookish questions that make the test feel like a school exam can harm your test completion rate and prevent great candidates from submitting their applications. Additionally, making the screening tests too long or too intrusive (e.g., taking snapshots through the computer camera) can create an unnecessary barrier and reduce your chances of sourcing top-quality people.

#2 Pre or post-interview coding challenges

While a job interview can help hiring managers assess interpersonal skills, such as communication , teamwork, or motivation, it’s not the best medium for evaluating hard skills . Online coding tests help the hiring team select technically capable developers that can contribute to the business.

A recruiter would typically source candidates with the right programming languages listed on their profile or resume. And then, it’s the hiring manager’s responsibility to work out if the applicant has what it takes to write good code. Easier said than done!

That’s why a coding assessment as a homework assignment has become the norm in tech hiring, and most developers are willing to take them on.

Remember, though; candidates don’t owe you free work. Your approach to designing a coding test will determine whether people continue in the hiring process or drop off.

First of all, decide what you want to assess and why. If you’re hoping to ascertain a candidate’s troubleshooting and problem-solving skills, time-boxing the assignment wouldn’t work to your advantage. The candidate can always use the ‘lack of time’ as an excuse for lower-quality work.

Another thing to remember is to set the test at the right skill level, depending on whether it’s a junior, intermediate or advanced role.

Testing skills that are nice to have or don’t match the role is a common mistake. Focusing on too many topics requires candidates to switch context from question to question – which is often confusing and tiring in such a short span of time.

Another issue employers run into is using clunky testing software that candidates need to figure out on the fly. If it takes effort to learn the platform or the platform doesn’t have the required features, developers will have to pay the price.

#3 Portfolio reviews and spec work during the job interview process

Ask any creative about their opinion on spec work, and you’ll likely hear that it sucks. And there are good reasons for graphic designers, writers, and other creatives to hate this kind of work – why should they commit to the project without any promise of payment?

If you’re hiring a professional from the creative field, we highly recommend starting with a live portfolio review . That’s when a candidate can take the interviewer through specific portfolio examples and share the backstory and lessons learned from that project. With creative roles, it’s often the unique style and quirks alongside the technical skills that can help determine the best person for the job.

However, sometimes paid spec work is a much fairer and more accurate way of getting insight into a candidate’s skillset. For tasks that require a highly personalized approach or solution, going the freelance gig route can yield better results.

Inform candidates ahead of time that you’d like to review their portfolio during a live interview. This will give them time to prepare and update their work samples. Ask questions that relate to their portfolio, even if the current samples don’t match your brief – you want to understand their creative process and practices. For paid spec work, make time to discuss the brief in person and agree on a check-in schedule to ensure work progresses in the right direction.

Springing this on the candidate without any warning and expecting the work to be delivered on a short deadline is a questionable move. Even if you’re opting for paid spec work, bear in mind these tasks are often completed in a vacuum and should be evaluated through a less critical lens. And finally, the not-so-secret secret: most creatives are terrible at maintaining their portfolios up-to-date. Giving them the heads-up will increase your chances of selecting the right talent.

#4 Time-boxed homework assignments that go in-depth to evaluate candidates’ competence

This type of home assignment can take many forms – from asking a marketing professional to write a press release for a product launch that already happened to requesting a business analyst to extract key insights from a dataset.

To ensure it’s not perceived as free work, time-boxed assessment projects often focus on real-world business problems that have been solved internally. This way, you can benchmark candidates’ work against your internal quality standard and reassure candidates of your intentions. The sole purpose of interview assignments is to confirm candidates’ technical fit in an efficient manner.

Keep the topic or assignment relevant to the role, and limit the necessary time it’ll take to complete to about 2-3 hours. Remember that the clarity of your brief will largely determine the quality of the deliverables, so be specific about your expectations.

Expecting someone to take 5-10 hours out of their busy schedule for an unpaid assignment is unrealistic.

#5 Paid projects during the interview process

Interviewing is exhausting for both the candidate and the interviewer. So it’s unsurprising that paid interview assignments have been gaining in popularity in recent years.

As a hiring manager, would you rather spend hours of your time interviewing candidates to filter out the bad apples or use the job interview as a way to get to know potential hires?

Homework assignments are exactly that – a simple, efficient method for spotting A-level candidates with the right skills for the job.

As you confirm the technical fit before the interview, both parties can focus on aligning on other important factors, such as the organizational fit , team culture, and manager expectations.

However, many employers have realized that the sentiment around homework assignments has shifted from acceptable to immoral, as applicants began calling assignments ‘free work’. Research shows that drop-off rates increased when candidates were asked to complete a take-home assignment.

Enter paid homework projects.

The perfect combo of practical competency assessment and paid work. Since the candidate receives compensation for their time, these types of assignments can be longer and more complex.

Anything from analyzing the growth funnel to tackling a programming challenge to designing an effective product onboarding experience can serve as a homework assignment idea.

What’s important to note is that these kinds of work assignments allow employers to get a glimpse into a candidate’s work ethic , thinking process, time management, and many other skills that are impossible to assess during the interview process.

If you’re paying for their time, treat them like consultants: provide access to important information, answer their questions and connect them with the right people internally. And be sure to outline the recruitment process at the very start; not everyone will happily take on a bigger commitment project, even when it’s paid.

As a hiring manager, stay in touch throughout the recruitment process to lay the foundations for a good working relationship. Provide clear requirements and timelines to reduce stress, and don’t forget about fair compensation – going below the market rate is disrespectful.

A great way to cause unnecessary stress is to ask candidates to present to a large audience or high-level execs they would never work with on a day-to-day basis.

Be sure to provide a clear agenda for the presentation call ahead of time and prep your interview panel for follow-up questions.

The work assignments and interview process windup

Work assignments are a good thing for companies and candidates alike. The result is like the difference between speed dating and a real dinner and a first date. Yes, they’re both exciting, but in the case of hiring, you need to hire someone that can demonstrate they have the right skills. The cost of hiring the wrong candidate is just too high for companies.

To find truly interested candidates, who have the right aptitude, introduce your team to the benefits of work assignments. You’ll save both parties loads of time and the hassle of a dragged-out interview process and other redundant hiring steps.

If you’re ready to explore how to transform your business’ hiring process from a time-consuming to a slick candidate pipeline, we leave you with five simple tips on designing an effective homework assignment.

5 simple tips for designing a great homework assignment:

• Replace resume screening with basic skills screening. Start the sifting process early with a quick skills screening test . This will weed out the bad eggs and leave you with a selection of good potential candidates.
• Make your assignment brief and easy to understand, and explain the key outputs you expect.
• Match the level of the homework assignment to the level of the role. Unrealistic tasks will only scare people off.
• Don’t request candidates to solve super-specific business problems. Make the assignment generalized, not based on a super specific problem your business is experiencing.
• Give the candidate a chance to show and tell. That way, you get insight into their thought process, presentation skills, and even emotional intelligence when their viewpoint is challenged.

Have a peek at our Test Library for more assignment ideas, and good luck!

Juste loves investigating through writing. A copywriter by trade, she spent the last ten years in startups, telling stories and building marketing teams. She works at Toggl Hire and writes about how businesses can recruit really great people.

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The University of Chicago The Law School

Innovation clinic—significant achievements for 2023-24.

The Innovation Clinic continued its track record of success during the 2023-2024 school year, facing unprecedented demand for our pro bono services as our reputation for providing high caliber transactional and regulatory representation spread. The overwhelming number of assistance requests we received from the University of Chicago, City of Chicago, and even national startup and venture capital communities enabled our students to cherry-pick the most interesting, pedagogically valuable assignments offered to them. Our focus on serving startups, rather than all small- to medium-sized businesses, and our specialization in the needs and considerations that these companies have, which differ substantially from the needs of more traditional small businesses, has proven to be a strong differentiator for the program both in terms of business development and prospective and current student interest, as has our further focus on tackling idiosyncratic, complex regulatory challenges for first-of-their kind startups. We are also beginning to enjoy more long-term relationships with clients who repeatedly engage us for multiple projects over the course of a year or more as their legal needs develop.

This year’s twelve students completed over twenty projects and represented clients in a very broad range of industries: mental health and wellbeing, content creation, medical education, biotech and drug discovery, chemistry, food and beverage, art, personal finance, renewable energy, fintech, consumer products and services, artificial intelligence (“AI”), and others. The matters that the students handled gave them an unparalleled view into the emerging companies and venture capital space, at a level of complexity and agency that most junior lawyers will not experience until several years into their careers.

Representative Engagements

While the Innovation Clinic’s engagements are highly confidential and cannot be described in detail, a high-level description of a representative sample of projects undertaken by the Innovation Clinic this year includes:

Transactional/Commercial Work

• A previous client developing a symptom-tracking wellness app for chronic disease sufferers engaged the Innovation Clinic again, this time to restructure its cap table by moving one founder’s interest in the company to a foreign holding company and subjecting the holding company to appropriate protections in favor of the startup.
• Another client with whom the Innovation Clinic had already worked several times engaged us for several new projects, including (1) restructuring their cap table and issuing equity to an additional, new founder, (2) drafting several different forms of license agreements that the company could use when generating content for the platform, covering situations in which the company would license existing content from other providers, jointly develop new content together with contractors or specialists that would then be jointly owned by all creators, or commission contractors to make content solely owned by the company, (3) drafting simple agreements for future equity (“Safes”) for the company to use in its seed stage fundraising round, and (4) drafting terms of service and a privacy policy for the platform.
• Yet another repeat client, an internet platform that supports independent artists by creating short films featuring the artists to promote their work and facilitates sales of the artists’ art through its platform, retained us this year to draft a form of independent contractor agreement that could be used when the company hires artists to be featured in content that the company’s Fortune 500 brand partners commission from the company, and to create capsule art collections that could be sold by these Fortune 500 brand partners in conjunction with the content promotion.
• We worked with a platform using AI to accelerate the Investigational New Drug (IND) approval and application process to draft a form of license agreement for use with its customers and an NDA for prospective investors.
• A novel personal finance platform for young, high-earning individuals engaged the Innovation Clinic to form an entity for the platform, including helping the founders to negotiate a deal among them with respect to roles and equity, terms that the equity would be subject to, and other post-incorporation matters, as well as to draft terms of service and a privacy policy for the platform.
• Students also formed an entity for a biotech therapeutics company founded by University of Chicago faculty members and an AI-powered legal billing management platform founded by University of Chicago students.
• A founder the Innovation Clinic had represented in connection with one venture engaged us on behalf of his other venture team to draft an equity incentive plan for the company as well as other required implementing documentation. His venture with which we previously worked also engaged us this year to draft Safes to be used with over twenty investors in a seed financing round.

More information regarding other types of transactional projects that we typically take on can be found here .

Regulatory Research and Advice

• A team of Innovation Clinic students invested a substantial portion of our regulatory time this year performing highly detailed and complicated research into public utilities laws of several states to advise a groundbreaking renewable energy technology company as to how its product might be regulated in these states and its clearest path to market. This project involved a review of not only the relevant state statutes but also an analysis of the interplay between state and federal statutes as it relates to public utilities law, the administrative codes of the relevant state executive branch agencies, and binding and non-binding administrative orders, decisions and guidance from such agencies in other contexts that could shed light on how such states would regulate this never-before-seen product that their laws clearly never contemplated could exist. The highly varied approach to utilities regulation in all states examined led to a nuanced set of analysis and recommendations for the client.
• In another significant research project, a separate team of Innovation Clinic students undertook a comprehensive review of all settlement orders and court decisions related to actions brought by the Consumer Financial Protection Bureau for violations of the prohibition on unfair, deceptive, or abusive acts and practices under the Consumer Financial Protection Act, as well as selected relevant settlement orders, court decisions, and other formal and informal guidance documents related to actions brought by the Federal Trade Commission for violations of the prohibition on unfair or deceptive acts or practices under Section 5 of the Federal Trade Commission Act, to assemble a playbook for a fintech company regarding compliance. This playbook, which distilled very complicated, voluminous legal decisions and concepts into a series of bullet points with clear, easy-to-follow rules and best practices, designed to be distributed to non-lawyers in many different facets of this business, covered all aspects of operations that could subject a company like this one to liability under the laws examined, including with respect to asset purchase transactions, marketing and consumer onboarding, usage of certain terms of art in advertising, disclosure requirements, fee structures, communications with customers, legal documentation requirements, customer service and support, debt collection practices, arrangements with third parties who act on the company’s behalf, and more.

Miscellaneous

• Last year’s students built upon the Innovation Clinic’s progress in shaping the rules promulgated by the Financial Crimes Enforcement Network (“FinCEN”) pursuant to the Corporate Transparency Act to create a client alert summarizing the final rule, its impact on startups, and what startups need to know in order to comply. When FinCEN issued additional guidance with respect to that final rule and changed portions of the final rule including timelines for compliance, this year’s students updated the alert, then distributed it to current and former clients to notify them of the need to comply. The final bulletin is available here .
• In furtherance of that work, additional Innovation Clinic students this year analyzed the impact of the final rule not just on the Innovation Clinic’s clients but also its impact on the Innovation Clinic, and how the Innovation Clinic should change its practices to ensure compliance and minimize risk to the Innovation Clinic. This also involved putting together a comprehensive filing guide for companies that are ready to file their certificates of incorporation to show them procedurally how to do so and explain the choices they must make during the filing process, so that the Innovation Clinic would not be involved in directing or controlling the filings and thus would not be considered a “company applicant” on any client’s Corporate Transparency Act filings with FinCEN.
• The Innovation Clinic also began producing thought leadership pieces regarding AI, leveraging our distinct and uniquely University of Chicago expertise in structuring early-stage companies and analyzing complex regulatory issues with a law and economics lens to add our voice to those speaking on this important topic. One student wrote about whether non-profits are really the most desirable form of entity for mitigating risks associated with AI development, and another team of students prepared an analysis of the EU’s AI Act, comparing it to the Executive Order on AI from President Biden, and recommended a path forward for an AI regulatory environment in the United States. Both pieces can be found here , with more to come!

Innovation Trek

Thanks to another generous gift from Douglas Clark, ’89, and managing partner of Wilson, Sonsini, Goodrich & Rosati, we were able to operationalize the second Innovation Trek over Spring Break 2024. The Innovation Trek provides University of Chicago Law School students with a rare opportunity to explore the innovation and venture capital ecosystem in its epicenter, Silicon Valley. The program enables participating students to learn from business and legal experts in a variety of different industries and roles within the ecosystem to see how the law and economics principles that students learn about in the classroom play out in the real world, and facilitates meaningful connections between alumni, students, and other speakers who are leaders in their fields. This year, we took twenty-three students (as opposed to twelve during the first Trek) and expanded the offering to include not just Innovation Clinic students but also interested students from our JD/MBA Program and Doctoroff Business Leadership Program. We also enjoyed four jam-packed days in Silicon Valley, expanding the trip from the two and a half days that we spent in the Bay Area during our 2022 Trek.

The substantive sessions of the Trek were varied and impactful, and enabled in no small part thanks to substantial contributions from numerous alumni of the Law School. Students were fortunate to visit Coinbase’s Mountain View headquarters to learn from legal leaders at the company on all things Coinbase, crypto, and in-house, Plug & Play Tech Center’s Sunnyvale location to learn more about its investment thesis and accelerator programming, and Google’s Moonshot Factory, X, where we heard from lawyers at a number of different Alphabet companies about their lives as in-house counsel and the varied roles that in-house lawyers can have. We were also hosted by Wilson, Sonsini, Goodrich & Rosati and Fenwick & West LLP where we held sessions featuring lawyers from those firms, alumni from within and outside of those firms, and non-lawyer industry experts on topics such as artificial intelligence, climate tech and renewables, intellectual property, biotech, investing in Silicon Valley, and growth stage companies, and general advice on career trajectories and strategies. We further held a young alumni roundtable, where our students got to speak with alumni who graduated in the past five years for intimate, candid discussions about life as junior associates. In total, our students heard from more than forty speakers, including over twenty University of Chicago alumni from various divisions.

The Trek didn’t stop with education, though. Throughout the week students also had the opportunity to network with speakers to learn more from them outside the confines of panel presentations and to grow their networks. We had a networking dinner with Kirkland & Ellis, a closing dinner with all Trek participants, and for the first time hosted an event for admitted students, Trek participants, and alumni to come together to share experiences and recruit the next generation of Law School students. Several speakers and students stayed in touch following the Trek, and this resulted not just in meaningful relationships but also in employment for some students who attended.

More information on the purposes of the Trek is available here , the full itinerary is available here , and one student participant’s story describing her reflections on and descriptions of her experience on the Trek is available here .

The Innovation Clinic is grateful to all of its clients for continuing to provide its students with challenging, high-quality legal work, and to the many alumni who engage with us for providing an irreplaceable client pipeline and for sharing their time and energy with our students. Our clients are breaking the mold and bringing innovations to market that will improve the lives of people around the world in numerous ways. We are glad to aid in their success in any way that we can. We look forward to another productive year in 2024-2025!