The Pre Contract Deposit Agreement is a crucial document used in the Philippines when one party needs to provide a deposit before the execution of a main contract or transaction. This agreement is particularly important in real estate transactions, business acquisitions, and major commercial deals where substantial deposits are required to demonstrate commitment. It serves to protect both parties by clearly documenting the deposit terms, conditions for release or forfeiture, and the rights of each party. The agreement must comply with Philippine Civil Code requirements and often includes provisions for anti-money laundering compliance, especially for large transactions. This document is essential for risk management and provides a clear framework for handling disputes related to the deposit. The agreement can be customized to accommodate various transaction types while maintaining compliance with Philippine law and regulatory requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the depositor and deposit holder, including complete legal names, addresses, and contact details
2. Background: Context of the transaction, including the purpose of the deposit and reference to the main contract or transaction being contemplated
3. Definitions: Key terms used throughout the agreement, including 'Deposit', 'Main Contract', 'Completion Date', etc.
4. Deposit Amount: Specific amount of the deposit, currency, and payment method
5. Purpose of Deposit: Clear statement of what the deposit is securing and its relationship to the main contract
6. Payment Terms: Details of how and when the deposit must be paid, including bank account details if applicable
7. Holding of Deposit: Terms for how the deposit will be held, including any escrow arrangements or interest provisions
8. Release Conditions: Specific conditions under which the deposit will be released to either party
9. Default and Forfeiture: Circumstances under which the deposit may be forfeited and consequences of default
10. Governing Law: Specification that Philippine law governs the agreement
11. Execution: Signature blocks and execution requirements
1. Interest Provisions: Include when the deposit will earn interest and specify how interest will be handled
2. Escrow Terms: Include when a third-party escrow agent will hold the deposit
3. Tax Provisions: Include when there are specific tax implications that need to be addressed
4. Anti-Money Laundering Compliance: Include when the deposit amount exceeds thresholds requiring AML documentation
5. Force Majeure: Include when parties want to address circumstances beyond their control that might affect the deposit arrangement
6. Dispute Resolution: Include when parties want to specify particular dispute resolution mechanisms
7. Electronic Transaction Provisions: Include when the deposit or agreement will be handled electronically
1. Schedule 1 - Payment Details: Bank account details and payment instructions
2. Schedule 2 - Main Contract Summary: Summary or key terms of the main contract being contemplated
3. Schedule 3 - Release Mechanism: Detailed process for deposit release including any required notices or documentation
4. Appendix A - Required Identification Documents: List of required KYC documents for compliance purposes
5. Appendix B - Escrow Agent Terms: If applicable, the terms of engagement with the escrow agent
6. Appendix C - Proof of Deposit: Copy of deposit slip or transfer confirmation to be attached when payment is made
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Financial Services
Construction
Commercial Property
Retail
Manufacturing
Professional Services
Technology
Hospitality
Import/Export
Mergers and Acquisitions
Relevant Teams
Legal
Finance
Compliance
Risk Management
Real Estate
Sales
Business Development
Corporate Affairs
Operations
Commercial
Treasury
Procurement
Relevant Roles
Legal Counsel
Corporate Lawyer
Real Estate Agent
Property Manager
Business Development Manager
Contract Administrator
Chief Financial Officer
Finance Manager
Compliance Officer
Risk Manager
Transaction Manager
Company Secretary
Escrow Officer
Commercial Director
Sales Manager
Procurement Manager
Find the exact document you need
Electronic Direct Deposit Form
A Philippine-compliant Electronic Direct Deposit Form for setting up automated payroll transfers to employee bank accounts, adhering to local banking and data privacy regulations.
find out more
Direct Deposit Form For Employees
A Philippine-compliant authorization form enabling employers to deposit employee compensation directly into designated bank accounts, adhering to local banking and privacy regulations.
find out more
ACH Deposit Authorization Form
A Philippine-compliant authorization form for setting up automatic electronic fund transfers through the ACH system.
find out more
Bank Letterhead For Direct Deposit
A Philippine-compliant bank letterhead document authorizing direct deposit arrangements, meeting BSP regulations and banking laws.
find out more
Deposit Return Request Letter
A formal letter used in the Philippines to request the return of deposited funds from a bank or financial institution, complying with Philippine banking regulations.
find out more
Vendor ACH Direct Deposit Authorization Form
A Philippine-compliant authorization form for setting up automated direct deposit payments to vendors through the ACH system.
find out more
Deposit Slip Receipt
A Philippine banking document that serves as official proof of deposit, complying with BSP regulations and banking laws.
find out more
Deposit Release Form (Real Estate)
A Philippine-compliant legal document authorizing the release of deposits held in real estate transactions, subject to local property laws and banking regulations.
find out more
Simple Deposit Agreement
A Philippine law-governed agreement establishing terms for the safekeeping of property between a depositor and depositary, outlining rights and obligations of both parties.
find out more
Cheque Deposit Form
A Philippine-compliant banking form for processing check deposits, following BSP regulations and local banking laws.
find out more
Security Deposit Dispute Letter
A formal letter used in the Philippines to dispute security deposit withholding or request its return, governed by Philippine rental laws and regulations.
find out more
Online Direct Deposit Form
Philippine-compliant Online Direct Deposit Form for setting up electronic salary payments, adhering to local banking and data privacy regulations.
find out more
Rental Bond Receipt
A Philippine legal document acknowledging receipt of a rental security deposit/bond from tenant to landlord, governed by local rental laws and the Civil Code.
find out more
Bond Deposit Form
A legally binding document used in the Philippines that establishes the terms and conditions for depositing bonds with a financial institution, in compliance with Philippine banking and securities regulations.
find out more
Security Deposit Itemization Form
A Philippine-compliant form detailing the itemized deductions and calculations for security deposit return at lease termination.
find out more
Security Deposit Refund Letter
A formal letter used in the Philippines to request or confirm the return of a security deposit after lease termination, compliant with Philippine property law.
find out more
Security Deposit Invoice
A Philippine-compliant financial document acknowledging receipt of a security deposit and establishing terms for its holding and return.
find out more
Real Estate Deposit Receipt
A Philippine legal document acknowledging receipt of a property purchase deposit and outlining the terms and conditions of the deposit agreement.
find out more
Pre Contract Deposit Agreement
A Philippine law-governed agreement establishing terms for holding and managing pre-contract deposits, protecting both depositor and deposit holder interests.
find out more
Holding Deposit Agreement
A Philippine law-compliant agreement establishing terms for a property holding deposit, securing the property while the potential buyer completes transaction preparations.
find out more
Earnest Money Agreement
A Philippine law-governed agreement detailing earnest money terms between buyer and seller, typically used in property transactions.
find out more
Deposit Receipt
A Philippine-compliant banking document that serves as official proof of deposit, recording transaction details and conforming to local banking regulations.
find out more
Deposit Invoice
A Philippine-compliant financial document that formalizes deposit payments and terms between parties, meeting local legal and tax requirements.
find out more
Deposit Contract
A Philippine law-governed agreement establishing terms and conditions between a depositor and depositary for the safekeeping of money or property.
find out more
Certificate Of Deposit
A Philippine-law governed Certificate of Deposit document evidencing a time deposit agreement between a bank and depositor, regulated by the Bangko Sentral ng Pilipinas.
find out more
Request For Return Of Security Deposit Form
A formal request document used in the Philippines for recovering security deposits from landlords after lease termination, compliant with Philippine property laws.
find out more
Rental Deposit Agreement Form
A Philippine-compliant legal agreement establishing terms and conditions for rental deposits between landlords and tenants.
find out more
Recurring Deposit Form
A Philippine-compliant banking form for establishing regular fixed deposits with specified terms, conditions, and interest rates under local banking regulations.
find out more
Letter Of Direct Deposit
A Philippine-compliant authorization document for establishing automatic electronic fund transfers into a specified bank account, following local banking regulations.
find out more
Direct Deposit Form
A Philippine-compliant authorization form enabling automatic deposit of employee wages into their designated bank account, following BSP regulations.
find out more
Security Deposit Return Form
A Philippine-compliant form documenting the return of security deposits from landlords to tenants, including deposit details and mutual release of claims.
find out more
Security Deposit Refund Form
A Philippine-compliant form documenting the return of security deposits from rental properties, including deposit details, deductions, and refund calculations.
find out more
Security Deposit Agreement Form
A Philippine law-compliant agreement establishing terms for handling property security deposits between landlords and tenants, including deposit payment, maintenance, and return conditions.
find out more
Itemized Security Deposit Deduction Letter
A Philippine-compliant formal letter detailing deductions from a tenant's security deposit, including itemized charges and remaining balance calculations.
find out more
Direct Deposit Request Form
A Philippine-compliant banking form authorizing employers to deposit payments directly into employees' bank accounts, subject to local banking and privacy regulations.
find out more
Direct Deposit Application Form
A Philippine-compliant banking form for setting up automatic deposits of funds into designated bank accounts, adhering to BSP regulations and data privacy requirements.
find out more
Deposit Request Form
A Philippine-compliant banking form for opening new deposit accounts, incorporating regulatory requirements and customer information collection.
find out more
Deposit Refund Form
A Philippine-compliant form for processing deposit refund requests, including customer details, refund information, and necessary authorizations.
find out more
Deposit Application Form
A Philippine-compliant banking form for opening deposit accounts, meeting BSP regulations and including necessary customer information and regulatory declarations.
find out more
Certificate Of Deposit Form
A Philippine banking document that evidences a time deposit agreement, governed by BSP regulations, specifying deposit terms, interest rates, and withdrawal conditions.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)