Generally speaking, as a deposit, it is non-refundable. The deposit is intended to guarantee the performance of the contract, and generally shall not exceed 20% of the contract target. If the party paying the deposit fails to perform its contractual obligations, it has no right to request the return of the deposit; If the party accepting the deposit fails to perform its contractual obligations, it shall double the deposit. Therefore, it is generally not refundable.
Introduction:
Deposit refers to a certain amount of money or other substitutes agreed by the parties to ensure the realization of creditor's rights and paid by one party to the other party in advance before performance. The deposit is a kind of guarantee. Because the deposit is paid in advance and the amount of the deposit is clear in advance, the application of the deposit penalty can urge both parties to perform consciously and play a guarantee role.