The Reservation Deposit Agreement is a crucial document used in Hong Kong business transactions where a party wishes to secure future rights to a purchase, service, or transaction through a deposit payment. This agreement type is particularly important in Hong Kong's dynamic commercial environment, where securing commitments for high-value transactions is common practice. The document outlines the specific terms of the deposit arrangement, including payment details, reservation period, and conditions for refund or forfeiture. It provides legal protection for both the deposit holder and depositor, ensuring compliance with Hong Kong law and commercial practices. The agreement is commonly used in real estate transactions, luxury goods purchases, and service reservations, where significant financial commitments are involved. The Reservation Deposit Agreement must comply with Hong Kong's contract law principles and relevant ordinances governing commercial transactions and consumer protection.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses
2. Background: Context of the agreement and brief description of the transaction purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Reservation Details: Specific details of what is being reserved (property, service, etc.) including exact identification and characteristics
5. Deposit Amount and Payment: Specification of the deposit amount, payment method, and timing
6. Duration of Reservation: Period for which the reservation is valid and any applicable deadlines
7. Rights and Obligations: Key responsibilities and rights of both parties during the reservation period
8. Refund and Forfeiture: Conditions under which the deposit will be refunded or forfeited
9. Completion of Transaction: Process for proceeding with the final transaction and application of the deposit
10. Governing Law: Specification of Hong Kong law as the governing law
11. Signatures: Execution block for parties to sign and date the agreement
1. Multiple Payment Installments: Details of staged deposit payments if the deposit is to be paid in installments
2. Special Conditions: Any special conditions or requirements specific to the reservation
3. Force Majeure: Provisions for unforeseen circumstances that may affect the reservation
4. Assignment: Rights and restrictions regarding transfer of reservation rights to third parties
5. Confidentiality: Provisions for maintaining confidentiality of transaction details
6. Notices: formal requirements for how parties should communicate
7. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration provisions
1. Schedule 1 - Property/Service Description: Detailed description of the property or service being reserved
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts and due dates if multiple payments are involved
3. Schedule 3 - Special Terms and Conditions: Any specific terms or conditions that are unique to this reservation
4. Appendix A - Required Documents: List of documents required from parties for completion of the final transaction
5. Appendix B - Completion Checklist: Checklist of steps required to complete the final transaction
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Deposit
Deposit Holder
Depositor
Effective Date
Force Majeure Event
Hong Kong
Notice
Parties
Payment Date
Property
Refund
Reservation
Reservation Period
Reserved Item
Reserved Service
Reservation Fee
Special Conditions
Subject Matter
Term
Transaction
Working Hours
Business Day
Completion
Completion Date
Deposit
Deposit Holder
Depositor
Effective Date
Force Majeure Event
Hong Kong
Notice
Parties
Payment Date
Property
Refund
Reservation
Reservation Period
Reserved Item
Reserved Service
Reservation Fee
Special Conditions
Subject Matter
Term
Transaction
Working Hours
Clauses
Parties and Definitions
Deposit Payment
Reservation Terms
Duration
Payment Terms
Refund Rights
Forfeiture Conditions
Completion
Representations and Warranties
Confidentiality
Force Majeure
Termination
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Third Party Rights
Costs and Expenses
Counterparts
Time of Essence
Further Assurance
Deposit Payment
Reservation Terms
Duration
Payment Terms
Refund Rights
Forfeiture Conditions
Completion
Representations and Warranties
Confidentiality
Force Majeure
Termination
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Third Party Rights
Costs and Expenses
Counterparts
Time of Essence
Further Assurance
Relevant Industries
Real Estate
Property Development
Hospitality
Retail
Events and Entertainment
Luxury Goods
Construction
Commercial Services
Professional Services
Manufacturing
Relevant Teams
Legal
Sales
Finance
Operations
Compliance
Risk Management
Business Development
Customer Service
Property Management
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Sales Director
Property Manager
Business Development Manager
Commercial Director
Finance Manager
Operations Manager
Compliance Officer
Risk Manager
Sales Executive
Property Agent
Customer Service Manager
Account Manager
Find the exact document you need
Car Accident Settlement Letter Without (Insurance)
A Hong Kong-compliant settlement agreement between private parties involved in a car accident, documenting compensation terms and liability release without insurance involvement.
find out more
Acknowledgement Receipt Of Motor Vehicle
A Hong Kong law-compliant document acknowledging the transfer of a motor vehicle between parties, serving as official proof of the transaction.
find out more
Acknowledgement Receipt For Refund
A Hong Kong law-compliant document acknowledging the receipt of a refund between a business and customer, serving as official proof of the refund transaction.
find out more
Acknowledgement Letter For Receiving Passport
A Hong Kong-compliant formal document acknowledging the receipt and temporary custody of a passport, outlining safekeeping terms and return arrangements.
find out more
Acknowledgement Letter For Cheque Received
A Hong Kong law-governed document confirming receipt of cheque payment, including payment details and serving as legal evidence of the transaction.
find out more
Acknowledgement For Payment Received Letter
A Hong Kong law-governed formal document confirming receipt of payment, serving as legal evidence of the transaction and including payment details, recipient acknowledgment, and transaction purpose.
find out more
Acknowledgement Receipt Of Cheque
A Hong Kong law-compliant document confirming the receipt of a cheque payment, including essential payment details and serving as legal proof of transaction.
find out more
Acknowledgement Letter For Refund Payment
A formal acknowledgement of refund receipt under Hong Kong law, providing legal confirmation of payment and release of obligations.
find out more
Employees Loan Agreement
A Hong Kong law-governed agreement establishing terms for an employer-provided loan to an employee, including loan amount, interest, and repayment through salary deduction.
find out more
Completed Probation Period Letter
A Hong Kong-compliant letter confirming an employee's successful completion of probation period and transition to permanent employment status.
find out more
Cash Loan Simple Loan Agreement
A Hong Kong law-governed simple loan agreement documenting basic lending arrangements, including loan terms, repayment conditions, and enforcement provisions.
find out more
Student Accommodation Agreement
A Hong Kong law-governed agreement establishing terms and conditions for student accommodation arrangements between educational institutions/providers and student tenants.
find out more
Employee Acknowledgement
A Hong Kong-compliant document confirming an employee's receipt and understanding of company policies and procedures, governed by local employment laws.
find out more
Acknowledgement Letter For Donation
A Hong Kong-compliant formal document acknowledging receipt of charitable donations and providing necessary information for tax and record-keeping purposes.
find out more
Acknowledgement Receipt For Partial Payment
A Hong Kong law-compliant document acknowledging receipt of partial payment while preserving rights to collect the remaining balance.
find out more
Acknowledgement Business Letter
A Hong Kong law-governed formal business letter confirming receipt or understanding of specific business matters or documents.
find out more
Acknowledgement Acceptance Of Termination Letter
A Hong Kong law-governed letter confirming an employee's acceptance of employment termination terms and conditions.
find out more
Tenancy Termination Notice
A formal notice document under Hong Kong law used to terminate a tenancy agreement, including essential termination details and compliance with local statutory requirements.
find out more
Final Request For Payment Letter
A formal final demand for payment document under Hong Kong law, serving as the last warning before legal action.
find out more
Acknowledgement Receipt Land Title
A Hong Kong legal document acknowledging receipt of land title documents, essential for property transactions under Hong Kong law.
find out more
Acknowledgement Receipt For Refund Of Deposit
A Hong Kong law-governed receipt confirming the return of a deposit between parties, including refund details and mutual release provisions.
find out more
Acknowledgement Receipt For Down Payment
A Hong Kong law-governed receipt confirming the receipt of a down payment, providing legal documentation of the transaction and protecting both parties' interests.
find out more
Acknowledge And Acceptance Letter
A Hong Kong law-governed formal letter confirming receipt and acceptance of specific terms, conditions, or information, serving as legal evidence of acknowledgment and agreement.
find out more
Terminating A Commercial Lease Letter
A Hong Kong-compliant formal letter template for terminating commercial lease agreements, ensuring proper notice and legal requirements are met.
find out more
Tenant Early Lease Termination Letter
A formal notice under Hong Kong law from tenant to landlord requesting early termination of a lease agreement, including termination date and handover arrangements.
find out more
Salaried Partner Agreement
Hong Kong law-governed agreement establishing terms and conditions for salaried partner appointments in professional services firms.
find out more
Petition Complaint Letter
A formal document used in Hong Kong to register grievances or disputes with organizations or government bodies, following local legal requirements and protocols.
find out more
Loan Payback Agreement
A Hong Kong law-governed agreement establishing terms and conditions for loan repayment between lender and borrower, including payment schedule and default provisions.
find out more
Letting Management Agreement
A Hong Kong-governed agreement between property owners and management companies for professional letting and property management services.
find out more
Landlord 60 Day Notice To Vacate
A Hong Kong-compliant legal notice from landlord to tenant requiring vacation of property within 60 days, including termination details and requirements.
find out more
Gift Agreement Between Individuals
A Hong Kong law-governed agreement documenting the voluntary transfer of assets or property from one individual to another without consideration.
find out more
Final Offer Letter
A formal employment offer document under Hong Kong law that outlines key employment terms and conditions, serving as the foundation for the employment relationship.
find out more
Employee Placement Agreement
Hong Kong-governed agreement between an employment agency and client company for recruitment and placement services, compliant with local employment regulations.
find out more
Custom Software Development Contract
A Hong Kong law-governed agreement for custom software development services, defining project scope, deliverables, and mutual obligations between developer and client.
find out more
Waiter Work Experience Letter
A Hong Kong-compliant employment verification letter confirming an individual's work experience and responsibilities as a waiter.
find out more
Acknowledgement Letter For Advance Payment Received
A Hong Kong law-governed document confirming receipt of advance payment, including payment details and creating a legally binding acknowledgment of funds received.
find out more
Employee Accommodation Agreement
A Hong Kong law-governed agreement setting out terms for employer-provided residential accommodation to employees.
find out more
Electronic Communication Consent Form
A Hong Kong-governed consent form for electronic communications, ensuring compliance with local electronic transaction and privacy laws.
find out more
Confidential Settlement Agreement And General Release
A Hong Kong law-governed agreement that resolves disputes through confidential settlement terms and mutual releases of claims.
find out more
Reservation Deposit Agreement
A Hong Kong-governed agreement that establishes terms for reservation deposits, securing rights to future purchases or services while protecting both parties' interests.
find out more
Genie’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; Genie’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)
.png)