Deposit Agreement
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DEPOSIT AGREEMENT
The deposit in the amount of $....................... has been made to (Seller) residing at ....... The buyer...................................................., residing at......................................................................................................... reserves the exclusive right to purchase the vehicle ................................and the seller cannot offer the item to any third party. The deposit forms a part of the vehicle purchase price $............................ . The remaining balance of $..........................is due at the time of siging the title. In case of voluntary cancellation of this agreement or failure to comply with agreement obligations, the SELLER shall have the right to terminate this agreement in which case the DEPOSIT in the amount of $.....................shall be forfeited in favor of the SELLER as liquidated damages.
(SELLER) Signature over Printed Name
(BUYER) Signature over Printed Name
Date....................................................
The deposit in the amount of $....................... has been made to (Seller) residing at ....... The buyer...................................................., residing at......................................................................................................... reserves the exclusive right to purchase the vehicle ................................and the seller cannot offer the item to any third party. The deposit forms a part of the vehicle purchase price $............................ . The remaining balance of $..........................is due at the time of siging the title. In case of voluntary cancellation of this agreement or failure to comply with agreement obligations, the SELLER shall have the right to terminate this agreement in which case the DEPOSIT in the amount of $.....................shall be forfeited in favor of the SELLER as liquidated damages.
(SELLER) Signature over Printed Name
(BUYER) Signature over Printed Name
Date....................................................
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