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Small
Business Home >> Useful
Standard Legal Documents >>
Receipt for Non-Refundable Deposit
The receipt for non-refundable deposit is
a legal form whereby buyer pays seller a deposit on a specified
property and if full payment is not made by a certain date
the deposit is non-refundable.
Received of ________(1)___________, hereinafter referred
to as "Buyer", the sum of _____(2)___ ($_______)
as NON-REFUNDABLE DEPOSIT toward the purchase of ________(3)________
to be sold to Buyer by ________(4)_________, hereinafter referred
to as "Seller", owner of said property, on or before
the _(5)_ day of ______(6)________, 19_(7)_, for a total price
of ($____(8)_____), this NON-REFUNDABLE DEPOSIT being a part
thereof.
Buyer understands, acknowledges and agrees that if he fails
to pay to Seller the remaining $___(9)___ due by the above
date, said NON-REFUNDABLE DEPOSIT shall be forfeited.
Seller hereby agrees in consideration of payment of said
NON-REFUNDABLE DEPOSIT to withdraw said vehicle from the market
until the above date and to transfer title to said vehicle
to Buyer upon receipt of the remaining amount due.
_____________(10)______________
_____________(11)______________
NOTICE
The information in this document is designed to provide an
outline that you can follow when formulating business or personal
plans. Due to the variances of many local, city, county and
state laws, we recommend that you seek professional legal
counseling before entering into any contract or agreement.
If this document is of use
to you, please provide a link back to Hoover Web Design.
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