The Non-Refundable Agreement is essential for businesses operating in India that require upfront payments or deposits from customers, where such payments are intended to be non-refundable under specified conditions. This document type is commonly used in scenarios involving advance bookings, custom orders, reservations, or service commitments where the service provider/seller needs to secure their position against potential cancellations or withdrawals. The agreement must comply with Indian contract law principles and consumer protection regulations, particularly considering recent judicial precedents regarding the enforceability of non-refundable clauses. It's crucial for protecting businesses against losses from last-minute cancellations while maintaining fairness and transparency in commercial transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines all parties to the agreement with their complete legal names, addresses, and registration details
2. Background: Provides context for the agreement, including the purpose of the transaction and relationship between parties
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Payment Terms: Details of the non-refundable payment, including amount, payment method, and timing
5. Non-Refundable Nature: Clear statement of the non-refundable nature of the payment and specific circumstances under which the non-refundable condition applies
6. Representations and Warranties: Statements of fact and guarantees made by each party regarding their capacity and authority to enter into the agreement
7. Obligations of Parties: Detailed responsibilities and obligations of each party under the agreement
8. Term and Termination: Duration of the agreement and circumstances under which it may be terminated
9. Governing Law and Jurisdiction: Specifies Indian law as governing law and determines jurisdiction for dispute resolution
10. Notices: Process and contact details for formal communications between parties
11. Entire Agreement: Confirms that this document represents the complete agreement between parties
1. Force Majeure: Include when there's a need to address circumstances under which non-performance might be excused
2. Confidentiality: Add when the transaction involves exchange of sensitive information
3. Assignment: Include when there's a need to restrict or permit transfer of rights under the agreement
4. Dispute Resolution: Add detailed arbitration or mediation clauses when preferred over court proceedings
5. Indemnification: Include when specific risks need to be allocated between parties
6. Insurance: Add when specific insurance requirements need to be maintained by either party
7. Intellectual Property: Include when the transaction involves IP rights or licenses
1. Schedule A - Payment Details: Detailed breakdown of payment amounts, schedules, and methods
2. Schedule B - Service or Product Specifications: Detailed description of services or products related to the non-refundable payment
3. Schedule C - Contact Information: Detailed contact information and escalation matrix for all parties
4. Appendix 1 - Required Documents: List of documents required from each party for verification and record-keeping
5. Appendix 2 - Compliance Requirements: Specific regulatory or compliance requirements applicable to the transaction
Find the exact document you need
Non Refundable Contract
An Indian law-governed agreement establishing non-refundable payment terms and conditions between parties, with clear stipulations on non-returnable amounts and circumstances.
Download
Non Refundable Agreement
An Indian law-compliant agreement template establishing terms for non-refundable payments or deposits between parties.
Download
Earnest Money Agreement
A legally binding agreement under Indian law that formalizes a property purchase intention through an earnest money deposit, protecting both buyer's and seller's interests.
Download
Deposit Contract
An Indian law-governed agreement establishing terms and conditions for a deposit arrangement between depositor and depositee, including amount, duration, and interest terms.
Download
Lease Rental Bond Policy
An Indian insurance policy document that replaces traditional security deposits in lease arrangements, providing financial protection to property owners against tenant defaults.
Download
Sale Deposit Agreement
An Indian law-compliant agreement documenting terms of deposit payment and conditions for a sale transaction between buyer and seller.
Download
Pet Deposit Contract
An Indian law-compliant agreement governing pet deposits in residential rental properties, outlining deposit terms and pet-related responsibilities.
Download
Good Faith Deposit Contract
An Indian law-governed agreement establishing terms for a good faith deposit, including payment, holding, and release conditions.
Download
Employee Security Deposit Agreement
An agreement governing employee security deposits in India, outlining collection, maintenance, and return terms while ensuring compliance with Indian employment laws.
Download
Month To Month Rent Agreement
An Indian jurisdiction-compliant month-to-month rental agreement template with automatic monthly renewal terms.
Download
Vehicle Deposit Agreement
An Indian law-governed agreement establishing terms for vehicle deposits, including payment conditions and vehicle details.
Download
Deposit Agreement Contract
An Indian law-governed agreement establishing terms and conditions for deposits between a depositor and financial institution, including interest rates, term, and withdrawal rights.
Download
Cash Deposit Agreement
An Indian law-governed agreement establishing terms and conditions for cash deposits between a bank/financial institution and a depositor, including deposit terms, interest rates, and withdrawal rights.
Download
6 Month Rent Contract
A six-month rental agreement template compliant with Indian property laws, suitable for both residential and commercial properties.
Download
Refundable Deposit Agreement
An Indian law-governed agreement establishing terms and conditions for a refundable deposit, including deposit amount, holding period, and refund conditions.
Download
Deposit Rental Agreement
An Indian law-governed agreement establishing terms for property rental and security deposit management between landlord and tenant.
Download
Non Refundable Deposit Agreement
An Indian law-governed agreement establishing terms for a non-refundable deposit payment, specifying amount, conditions, and its non-refundable nature.
Download
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)