Receipt for Non-Refundable Deposit

 

Received of ______________________, hereinafter referred to as "Buyer", the sum of ___________ ($_______) as NON-REFUNDABLE DEPOSIT toward the purchase of ___________________ to be sold to Buyer by ____________________, hereinafter referred to as "Seller", owner of said property, on or before the _____ day of _________________, 20_____, for a total price of ($____________), this NON-REFUNDABLE DEPOSIT being a part thereof.

Buyer understands, acknowledges and agrees that if he fails to pay to Seller the remaining $_________ 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.

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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.