Document background
The Non Refundable Deposit Agreement serves as a critical tool in commercial and consumer transactions across the United States, providing security for vendors while ensuring clear understanding for purchasers. This document is commonly used when significant commitments need to be secured, such as real estate transactions, custom orders, or service bookings. The agreement typically includes specific details about the deposit amount, payment terms, the exact circumstances under which the deposit becomes non-refundable, and any conditions that might affect the arrangement. It's essential for protecting both parties' interests and establishing clear expectations from the outset of the transaction.
