Document background
The Non-Refundable Deposit Purchase Agreement is essential for transactions in the United States where a seller requires security for a sale through a non-returnable deposit. This document is commonly used in high-value purchases, custom orders, or situations where the seller must commit resources or decline other opportunities. It clearly defines the deposit amount, terms of forfeiture, and the path to complete the full purchase. The agreement helps prevent disputes by explicitly stating the non-refundable nature of the deposit and the conditions under which it applies, while complying with state-specific contract laws and consumer protection regulations.
