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The Forfeit Deposit Letter is a critical legal instrument in Hong Kong's business and property transactions, used when one party wishes to formally declare the forfeiture of a deposit following a breach of contract or specific triggering events. This document is particularly relevant in scenarios involving property purchases, construction projects, or significant commercial transactions where substantial deposits are involved. The letter must comply with Hong Kong's common law requirements and typically includes details of the original transaction, the deposit amount, specific grounds for forfeiture, and relevant contract terms. It serves both as a formal notification and a legal record, potentially forming part of subsequent legal proceedings. The document should be carefully drafted to ensure enforceability and to maintain the forfeiting party's legal position under Hong Kong law.

1. Sender Details: Full name, address and contact details of the party issuing the forfeit deposit letter

2. Date: Date of the letter

3. Recipient Details: Full name and address of the party to whom the letter is addressed

4. Reference Line: Clear reference to the original transaction or agreement and its date

5. Subject Line: Clear indication that this is a Forfeit Deposit Letter

6. Transaction Details: Brief description of the original transaction and the deposit amount

7. Grounds for Forfeiture: Clear statement of the circumstances or breach leading to deposit forfeiture

8. Forfeiture Declaration: Formal declaration of deposit forfeiture with reference to relevant contract terms

9. Demand Details: Statement of any additional actions required or consequences

10. Closing: Standard letter closing with signature block