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About This DocumentThis Earnest Money Agreement is a form of security deposit made by the purchaser of real property to show that the he or she is serious about completing the transaction. When the transaction is finalized, the funds are put toward the purchase price. If the contract is terminated for any reason other than the purchaser's breach, the deposit is returned to the purchaser. This agreement contains numerous standard clauses that are commonly included in these types of agreements, and it may be customized to fit the specific needs of the contracting parties. This document should be used by a purchaser and seller of real property when entering into a purchase agreement.