Earnest money deposit: An earnest money deposit is a deposit showing the buyer’s good faith and commitment to proceed with the purchase of the property. In return for the buyer making an earnest money deposit, the seller takes the property off the market. OBJECT: COST QUOTATION FOR Dear, As we discussed, here’s a preliminary quotation for for. If the quotation is on target, please tell us how you would like to proceed. If it is not, let us know and we will try to quickly revise the quotation to reflect your needs. We can arrange a payment schedule with low monthly payments tailored to your operating budget. Electricity traders may also enter into PPA with the Seller. A person cannot enter into a contract with himself. A person should be of legal age, should be of sound mind and should not be declared as insolvent by court of law to enter into any contract. There are two types of purchase agreement the absolute purchase agreement is a simple type of agreement just as your invoice receipt and the purpose of such agreement is to keep the record of the dealing and it can be used if the return of the purchase is inevitable. The second type is the conditional purchase agreement which encompasses the security of loans and deposits regarding the purchases.