Deposit Pre Contract
Legal definition for Indian law research
Definition
Deposit pre-contract, means any sum paid by any person as an earnest of his intention to acquire an interest in land or towards meeting any liability which will arise if he acquires or enters into an enforceable contract to acquire that interest, Estate Agents Act, 1979, s. 12(3) (UK) Halsbury's Laws of England 1(2), para 16, p. 14.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.