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Free Legal Forms page - Receipt for Non-Refundable Deposit

RECEIPT FOR NON-REFUNDABLE DEPOSIT
Received of ________(1)___________, hereinafter referred to as "Buyer", the sum of
___________(2)________ ($_____________) as NON-REFUNDABLE DEPOSIT toward the
purchase of ________(3)________ to be sold to Buyer by ________(4)_________, hereinafter
referred to as "Seller", owner of said property, on or before the __________(5)_________ day of
______(6)________, ____(7)_______, for a total price of ($_____________(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.