26, 2017), potential purchasers of immovable property were able to retain the substantial down payment they had paid under the sales contract they had concluded with their sellers when they re-eded the contract of sale on the basis of an inspection clause contained in the contract of sale. The purchase agreement also contained an inspection contingency clause, the notice said. In the end, the parties failed to agree on the well and septic systems and the sellers refused to return the $70,000 deposit to the Firelys, the notice says. Used to mutually exempt buyers and sellers from the purchase agreement and ensure the distribution of deposits. A contract for the sale of real estate usually includes more than the amount for which the property is transferred and when the closing will take place. .