Common use of Independent Contract Consideration Clause in Contracts

Independent Contract Consideration. At the same time as the deposit of the Xxxxxxx Money Deposit with the Title Company, Purchaser shall deliver to Seller a check in the sum of Fifty and No/100 Dollars ($50.00) (the "Independent Contract Consideration"), which amount has been bargained for and agreed to as consideration for Purchaser's right to purchase the Property and the Inspection Period (hereinafter defined) provided for herein, and for Seller's execution and delivery of this Agreement. The Independent Contract Consideration is in addition to and independent of all other consideration provided for in this Agreement, and is non-refundable in all events.