How To Write Deposit Agreement Letter/Receipt

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Beswad | 02:25 Fri 29th Sep 2006 | Business & Finance
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I wish to buy a small catering business worth about �20,000. So far it's all being verbal agreement until the proper lease is drawn out. I would like to leave a small deposit of �4,000 to the vendor in good faith to show I'm serious about buying the business until my personal circumstances has been resolve. How do I draft out an agreement letter/receipt which I can show to my solictor incase any dispute?


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Rather leave the deposit with a trusted 3rd party such as the solicitor so the buyer can see the good faith aspect. I wouldn't just hand over the money even with a receipt/letter as anything could potentially still go wrong and you never know the vendor might turn round and say that it's non refundable or something. You then will have more work on your hands getting it back!
To whom it may concern:

This is a confirmation of our payment agreement for the service that my company owes to your business. We have agreed that we have to make the first thirty percent of the entire payment for cleaning services upon starting the service. To abide with the agreement, attached herewith is the thirty percent payment as you have started the cleaning service today.

We hope that you can also abide with our agreement and see the best cleaning result from your company. Once we prove that you can render the service that our company perfectly seeks then you can become our official provider for company maintenance since our company did not hire any janitors or maintenance staff.

We are also hoping to do business with you in a long term basis. With your credibility and reliability, we can be very confident that you can provide us the cleaning services that we need. Thank you very much.

Sincerely yours,

Albert Sims Media URL:

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