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Non Refundable Deposit Agreement
"I need a Non Refundable Deposit Agreement for my event planning business, where customers will pay a 25% deposit for wedding bookings, specifically for events happening after March 2025."
1. Parties: Identification and details of all contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Deposit Amount: Specification of deposit amount and payment terms
5. Non-Refundable Nature: Clear statement of non-refundable status and justification
6. Purpose of Deposit: Explanation of what the deposit secures
7. Governing Law: Specification of applicable law and jurisdiction
1. Conditions Precedent: Conditions that must be met before agreement becomes effective
2. Limited Circumstances for Refund: Any exceptional circumstances where refund might be considered
3. Time Limits: Deadlines for payment or completion
4. Force Majeure: Provisions for extraordinary circumstances
1. Payment Schedule: Details of payment terms and dates if deposit is paid in installments
2. Calculation of Deposit: Breakdown of how deposit amount was calculated
3. Related Documents: References to main agreement or other relevant contracts
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