Translation Results Requested Through Conyac Made Public

• A preliminary sale/purchase agreement is not mandatory but recommended in case a significant amount is paid as a deposit. Preliminary sale/purchase agreements must be in the form of a notary deed in order for their terms to be enforceable against the seller and purchasers who do not act in good faith. In case a deposit is paid and the contracting parties do not wish to enter into a notarial preliminary sale/purchase agreement, then a simple receipt or private contract can be obtained/signed to evidence the deposit paid although the receipt/contract can be challenged in case the return of the deposit is requested;