An Earnest Money Contract (EMC) is a legally binding agreement between a buyer and seller that outlines terms of purchase for a piece of real property. It is used to secure the seller’s interest in the property should the buyer default or fail to meet their obligations under the contract. The EMC also provides protection to both parties in the event of fraud or unfulfilled promises. In addition, an EMC helps demonstrate commitment on behalf of the buyer and serves as a good-faith deposit that ensures a mutually beneficial outcome for all parties involved.