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Posts Tagged ‘advance payment’


Earnest and advance payment – common features, differences and criteria of distinction

08-02-2010

Signing any agreement is often connected with the requirement of making up-front payment of certain amount of money. Then both parties should consider and provide in the agreement the purpose of the payment because mentioned payment, according to their intent, can cause different legal results. It is very important because many people do not distinguish between earnest and advance payment what can be used against them. Read more…

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