Escrow Agent definition: Copy, customize, and use instantly
Introduction
The term "Escrow Agent" refers to a neutral third party entrusted with holding assets, funds, or documents on behalf of two or more parties involved in a transaction. The escrow agent ensures the release of these assets or funds only when the specified conditions outlined in the escrow agreement are met. It is essential for facilitating trust, compliance, and security in various contractual and financial arrangements.
Below are various examples of how "Escrow Agent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Escrow Agent" in real estate transactions
This definition ties "Escrow Agent" to property dealings.
"Escrow Agent" means a third party designated to hold funds, deeds, or documents in trust during a real estate transaction and to release them upon fulfillment of contractual conditions, such as closing requirements.
Definition of "Escrow Agent" in mergers and acquisitions
This definition connects "Escrow Agent" to corporate transactions.
"Escrow Agent" refers to a neutral party entrusted with holding funds or documents in connection with a merger or acquisition, ensuring the disbursement upon meeting agreed-upon terms or milestones.
Definition of "Escrow Agent" for software source code
This definition links "Escrow Agent" to intellectual property protection.
"Escrow Agent" means an entity that holds software source code, documentation, or other intellectual property in trust, to be released to the beneficiary upon specified conditions, such as the licensor’s failure to meet obligations.
Definition of "Escrow Agent" in construction projects
This definition applies "Escrow Agent" to construction financing.
"Escrow Agent" refers to a third party responsible for holding funds designated for construction projects and disbursing payments to contractors or suppliers upon verification of completed work or milestones.
Definition of "Escrow Agent" in litigation settlements
This definition ties "Escrow Agent" to dispute resolution.
"Escrow Agent" refers to a neutral party responsible for holding settlement funds or documents in trust during litigation proceedings, disbursing them upon final agreement or court order.
Definition of "Escrow Agent" in cross-border transactions
This definition connects "Escrow Agent" to international agreements.
"Escrow Agent" means a third party authorized to manage funds or assets in cross-border transactions, ensuring compliance with jurisdictional requirements before releasing them.
Definition of "Escrow Agent" in loan disbursements
This definition links "Escrow Agent" to loan management.
"Escrow Agent" refers to an intermediary holding loan proceeds and disbursing them to the borrower or third parties according to the lender’s instructions and agreed-upon terms.
Definition of "Escrow Agent" in e-commerce transactions
This definition ties "Escrow Agent" to online sales.
"Escrow Agent" refers to a third-party service that holds funds during e-commerce transactions, releasing payment to the seller once the buyer confirms receipt of goods or services.
Definition of "Escrow Agent" in financial restructuring
This definition connects "Escrow Agent" to distressed assets.
"Escrow Agent" means a neutral party designated to hold and distribute funds or assets during financial restructuring processes, ensuring adherence to reorganization plans.
Definition of "Escrow Agent" in earnest money agreements
This definition links "Escrow Agent" to property deposits.
"Escrow Agent" refers to an entity or individual holding earnest money deposits in trust during real estate negotiations, ensuring funds are applied toward the purchase price upon closing or returned if conditions are unmet.
Definition of "Escrow Agent" in intellectual property licensing
This definition ties "Escrow Agent" to IP agreements.
"Escrow Agent" refers to a neutral party holding intellectual property materials, such as patents or software source codes, to be released to licensees upon predetermined conditions.
Definition of "Escrow Agent" in regulatory compliance
This definition connects "Escrow Agent" to legal adherence.
"Escrow Agent" means a third party holding funds or assets to ensure compliance with regulatory or statutory obligations, releasing them upon verification of adherence to applicable laws.
Definition of "Escrow Agent" in stock purchase agreements
This definition links "Escrow Agent" to equity transactions.
"Escrow Agent" refers to a neutral party responsible for holding shares or funds in trust during a stock purchase transaction, releasing them upon satisfaction of contractual obligations.
Definition of "Escrow Agent" in cryptocurrency transactions
This definition ties "Escrow Agent" to digital asset exchanges.
"Escrow Agent" includes platforms or individuals managing cryptocurrency transactions by holding digital assets in trust until the conditions of the exchange are met.
Definition of "Escrow Agent" in business acquisitions
This definition connects "Escrow Agent" to buy-sell agreements.
"Escrow Agent" means a party holding purchase funds or key transaction documents during the acquisition process, ensuring their release upon fulfillment of agreed milestones or conditions.
Definition of "Escrow Agent" in dividend distributions
This definition links "Escrow Agent" to corporate payments.
"Escrow Agent" refers to an intermediary holding funds designated for dividend payments, disbursing them to shareholders after verifying eligibility.
Definition of "Escrow Agent" in renewable energy projects
This definition ties "Escrow Agent" to sustainable financing.
"Escrow Agent" refers to a neutral entity holding funds for renewable energy projects, releasing payments upon achieving development milestones or meeting regulatory requirements.
Definition of "Escrow Agent" in government contracts
This definition connects "Escrow Agent" to public projects.
"Escrow Agent" means a third party responsible for managing funds allocated for government contracts, ensuring disbursement aligns with project milestones and compliance standards.
Definition of "Escrow Agent" in joint ventures
This definition links "Escrow Agent" to collaborative agreements.
"Escrow Agent" refers to a neutral party holding contributions or assets from joint venture partners, releasing them based on mutually agreed-upon terms or conditions.
Definition of "Escrow Agent" in royalty agreements
This definition ties "Escrow Agent" to revenue sharing.
"Escrow Agent" includes entities responsible for holding and disbursing royalties earned under licensing or partnership agreements, ensuring fair distribution to stakeholders.
Definition of "Escrow Agent" in escrowed stock plans
This definition connects "Escrow Agent" to employee compensation.
"Escrow Agent" means a third party holding restricted stock or equity awards on behalf of employees, releasing them upon satisfaction of vesting conditions or performance milestones.
Definition of "Escrow Agent" in deferred payment agreements
This definition links "Escrow Agent" to payment plans.
"Escrow Agent" refers to an entity responsible for holding funds in deferred payment transactions, disbursing them upon completion of specified conditions or timeframes.
Definition of "Escrow Agent" in data escrow arrangements
This definition ties "Escrow Agent" to information security.
"Escrow Agent" refers to a neutral entity holding critical business or technical data in trust, ensuring access for beneficiaries under predefined circumstances, such as system failures or breaches.
Definition of "Escrow Agent" in international trade
This definition connects "Escrow Agent" to global commerce.
"Escrow Agent" means a party holding funds, documents, or assets in trust during international trade transactions, ensuring their release upon meeting delivery or compliance conditions.
Definition of "Escrow Agent" in franchise agreements
This definition ties "Escrow Agent" to franchising transactions.
"Escrow Agent" refers to a third party holding funds or documents in trust during franchise agreements, ensuring payment and compliance with contractual obligations before releasing assets.
Definition of "Escrow Agent" in employee stock ownership plans (ESOPs)
This definition connects "Escrow Agent" to employee benefits.
"Escrow Agent" means an entity responsible for holding stock or funds in trust on behalf of employees participating in an ESOP, releasing assets based on vesting or plan terms.
Definition of "Escrow Agent" in joint custody agreements
This definition links "Escrow Agent" to custody arrangements.
"Escrow Agent" refers to a neutral party holding funds or property during joint custody disputes or agreements, ensuring their release according to court orders or settlement terms.
Definition of "Escrow Agent" in warranty claims
This definition ties "Escrow Agent" to claims management.
"Escrow Agent" includes individuals or entities managing funds set aside for warranty claims, releasing payments upon validation of the claims by the parties involved.
Definition of "Escrow Agent" in subscription agreements
This definition connects "Escrow Agent" to investment subscriptions.
"Escrow Agent" refers to a third party holding funds from investors during subscription agreements, disbursing them once the subscription requirements are satisfied.
Definition of "Escrow Agent" in carbon credit trading
This definition links "Escrow Agent" to environmental markets.
"Escrow Agent" means a neutral entity holding carbon credits or related funds during trading transactions, ensuring their release upon satisfaction of trading conditions.
Definition of "Escrow Agent" in cross-border joint ventures
This definition ties "Escrow Agent" to international collaborations.
"Escrow Agent" refers to an entity holding funds or assets from parties involved in cross-border joint ventures, releasing them upon achieving specified milestones.
Definition of "Escrow Agent" in milestone-based contracts
This definition connects "Escrow Agent" to incremental payments.
"Escrow Agent" means a third party responsible for disbursing funds in milestone-based contracts, ensuring releases align with the completion of agreed-upon deliverables.
Definition of "Escrow Agent" in supplier agreements
This definition links "Escrow Agent" to procurement.
"Escrow Agent" refers to an entity holding payments or guarantees in trust during supplier agreements, releasing funds to suppliers upon delivery or acceptance of goods or services.
Definition of "Escrow Agent" in foreclosure proceedings
This definition ties "Escrow Agent" to real estate defaults.
"Escrow Agent" refers to a neutral party holding funds or property during foreclosure proceedings, ensuring compliance with court orders or regulatory requirements before disbursement.
Definition of "Escrow Agent" in intellectual property disputes
This definition connects "Escrow Agent" to legal resolutions.
"Escrow Agent" means a third party holding contested intellectual property or funds in trust during disputes, releasing them upon settlement or court judgment.
Definition of "Escrow Agent" in leasing arrangements
This definition links "Escrow Agent" to lease agreements.
"Escrow Agent" refers to a party holding security deposits or prepayments in trust for lease agreements, releasing funds upon lease termination or fulfillment of conditions.
Definition of "Escrow Agent" in charitable donations
This definition ties "Escrow Agent" to philanthropic activities.
"Escrow Agent" includes entities managing charitable funds, holding and disbursing donations to specified beneficiaries or projects upon meeting agreed-upon conditions.
Definition of "Escrow Agent" in deferred consideration agreements
This definition connects "Escrow Agent" to installment payments.
"Escrow Agent" refers to a neutral party holding deferred payments in trust, ensuring their release to sellers or beneficiaries upon meeting specific contract terms.
Definition of "Escrow Agent" in digital rights management
This definition links "Escrow Agent" to content licensing.
"Escrow Agent" means an entity responsible for holding digital rights or content licenses in trust, releasing them to users or licensees upon compliance with licensing terms.
Definition of "Escrow Agent" in tax deferred arrangements
This definition ties "Escrow Agent" to tax compliance.
"Escrow Agent" refers to a party holding funds in trust to facilitate tax-deferred transactions, such as 1031 exchanges or deferred compensation plans, ensuring adherence to tax laws.
Definition of "Escrow Agent" in sports sponsorship deals
This definition connects "Escrow Agent" to promotional agreements.
"Escrow Agent" refers to an entity holding sponsorship funds or contracts in trust during sports sponsorship agreements, releasing them based on contractual milestones.
Definition of "Escrow Agent" in subscription-based software contracts
This definition links "Escrow Agent" to SaaS agreements.
"Escrow Agent" includes parties managing software source code or license agreements in trust, ensuring their release to subscribers if contractual terms are breached by the provider.
Definition of "Escrow Agent" in employee retention bonuses
This definition ties "Escrow Agent" to workforce incentives.
"Escrow Agent" refers to a neutral party holding funds for retention bonuses in trust, disbursing them to employees upon completing predefined retention periods or milestones.
Definition of "Escrow Agent" in liquidation processes
This definition connects "Escrow Agent" to asset management.
"Escrow Agent" means a third party holding funds or assets during liquidation proceedings, ensuring proper distribution to creditors, stakeholders, or beneficiaries as per court directives.
Definition of "Escrow Agent" in bankruptcy proceedings
This definition ties "Escrow Agent" to insolvency cases.
"Escrow Agent" refers to a neutral party holding funds or assets in trust during bankruptcy proceedings, releasing them to creditors or other stakeholders in accordance with court-approved plans.
Definition of "Escrow Agent" in entertainment contracts
This definition connects "Escrow Agent" to talent agreements.
"Escrow Agent" means an intermediary holding payments for actors, musicians, or other talent during entertainment contracts, ensuring disbursement upon completion of performances or deliverables.
Definition of "Escrow Agent" in renewable energy credits
This definition links "Escrow Agent" to sustainability initiatives.
"Escrow Agent" refers to a third party responsible for managing renewable energy credits, holding and transferring them to buyers upon verification of compliance with regulatory standards.
Definition of "Escrow Agent" in gaming and esports transactions
This definition ties "Escrow Agent" to competitive gaming.
"Escrow Agent" includes entities holding prize money, sponsorship funds, or other assets in trust for gaming and esports events, disbursing them based on event outcomes or performance.
Definition of "Escrow Agent" in agricultural financing
This definition connects "Escrow Agent" to farm-related transactions.
"Escrow Agent" refers to a neutral party holding funds or assets in trust during agricultural financing transactions, ensuring release upon verification of crop yields, equipment delivery, or compliance with loan terms.
Definition of "Escrow Agent" in health care contracts
This definition links "Escrow Agent" to medical service agreements.
"Escrow Agent" means an entity holding funds for healthcare providers or insurers in trust, releasing them upon the fulfillment of treatment, service delivery, or claim settlements.
Definition of "Escrow Agent" in peer-to-peer lending
This definition ties "Escrow Agent" to digital finance platforms.
"Escrow Agent" refers to a third party managing funds in peer-to-peer lending platforms, ensuring disbursement to borrowers and repayment to lenders under agreed terms.
Definition of "Escrow Agent" in crowdfunding campaigns
This definition connects "Escrow Agent" to fundraising platforms.
"Escrow Agent" includes entities holding funds raised during crowdfunding campaigns, releasing them to project creators upon reaching funding targets or meeting specified milestones.
Definition of "Escrow Agent" in merger arbitrage transactions
This definition links "Escrow Agent" to corporate arbitrage.
"Escrow Agent" refers to a neutral party holding funds or assets in trust during merger arbitrage transactions, ensuring disbursement upon successful completion of merger conditions.
Definition of "Escrow Agent" in equipment leasing agreements
This definition ties "Escrow Agent" to leased asset transactions.
"Escrow Agent" means a party holding lease payments, security deposits, or equipment documents in trust, ensuring release upon fulfillment of leasing terms or conditions.
Definition of "Escrow Agent" in telecom service contracts
This definition connects "Escrow Agent" to telecommunications.
"Escrow Agent" refers to an intermediary holding funds or assets in trust during telecom service contracts, releasing them upon completion of network installations or service activations.
Definition of "Escrow Agent" in partnership dissolutions
This definition links "Escrow Agent" to partnership exits.
"Escrow Agent" includes entities holding partnership assets, such as funds or intellectual property, in trust during dissolution proceedings, ensuring equitable distribution to partners.
Definition of "Escrow Agent" in anti-fraud systems
This definition ties "Escrow Agent" to fraud prevention.
"Escrow Agent" refers to a neutral party managing funds or assets in high-risk transactions, ensuring disbursement only after thorough verification and compliance checks.
Definition of "Escrow Agent" in intellectual property sales
This definition connects "Escrow Agent" to IP transfers.
"Escrow Agent" means a third party holding intellectual property rights or sale proceeds in trust, releasing them upon successful transfer of ownership or fulfillment of payment terms.
Definition of "Escrow Agent" in environmental restoration projects
This definition links "Escrow Agent" to ecological initiatives.
"Escrow Agent" refers to an entity holding funds allocated for environmental restoration, releasing them upon verification of project milestones or regulatory compliance.
Definition of "Escrow Agent" in real estate developments
This definition ties "Escrow Agent" to construction financing.
"Escrow Agent" means a neutral party managing funds or assets related to real estate developments, disbursing payments to contractors or developers upon meeting construction benchmarks.
Definition of "Escrow Agent" in trade credit insurance claims
This definition connects "Escrow Agent" to trade finance.
"Escrow Agent" includes parties holding claim proceeds in trust during trade credit insurance claims, ensuring release to insured parties upon claim approval.
Definition of "Escrow Agent" in luxury asset purchases
This definition links "Escrow Agent" to high-value transactions.
"Escrow Agent" refers to a third party holding funds or documentation in trust during luxury asset purchases, such as art, jewelry, or vehicles, ensuring release upon verification of authenticity or delivery.
Definition of "Escrow Agent" in retirement fund rollovers
This definition ties "Escrow Agent" to financial transitions.
"Escrow Agent" refers to an entity holding retirement fund proceeds during rollover transactions, ensuring disbursement to the new account custodian upon meeting transfer requirements.
Definition of "Escrow Agent" in digital identity verification
This definition connects "Escrow Agent" to online authentication.
"Escrow Agent" includes entities holding digital credentials or verification data in trust during online transactions, releasing them upon authentication or identity validation.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.