Escrow Agreement definition: Copy, customize, and use instantly
Introduction
The term "Escrow Agreement" refers to a legal arrangement in which a neutral third party temporarily holds and manages funds, assets, or documents on behalf of two or more parties involved in a transaction until specific conditions are met. It is essential for ensuring trust, reducing risk, and providing a secure mechanism to finalize agreements.
Below are various examples of how "Escrow Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Escrow Agreement" as a neutral asset holder
This definition ties "Escrow Agreement" to its core purpose of neutral asset management.
"Escrow Agreement" means a contract under which a third party holds and safeguards funds, documents, or other assets on behalf of the parties to a transaction, releasing them only upon the fulfillment of agreed conditions.
Definition of "Escrow Agreement" as a real estate transaction mechanism
This definition connects "Escrow Agreement" to its use in real estate transactions.
"Escrow Agreement" refers to an arrangement in which a third party holds the buyer's funds and the seller's property title until all conditions of the real estate transaction are satisfied, ensuring the security of both parties.
Definition of "Escrow Agreement" as a business acquisition safeguard
This definition links "Escrow Agreement" to its role in securing obligations in business deals.
"Escrow Agreement" means a legal arrangement in which part of the purchase price in a business acquisition is held by a neutral third party to cover any potential claims or liabilities that may arise post-closing.
Definition of "Escrow Agreement" as a contractual performance guarantee
This definition applies "Escrow Agreement" to its role in ensuring contractual obligations are met.
"Escrow Agreement" refers to a contract where an escrow agent holds funds or assets as a guarantee for the performance of certain obligations, releasing them only upon successful completion of the agreed terms.
Definition of "Escrow Agreement" as a financial transaction safeguard
This definition ties "Escrow Agreement" to its role in securing financial transactions.
"Escrow Agreement" means a legal arrangement in which an escrow agent holds and manages funds during a financial transaction, ensuring that the funds are released only when the agreed-upon conditions are met.
Definition of "Escrow Agreement" as a dispute resolution tool
This definition connects "Escrow Agreement" to its use in resolving disputes.
"Escrow Agreement" refers to an arrangement where disputed funds or assets are held in escrow by a neutral third party until the dispute is resolved and the terms for release are fulfilled.
Definition of "Escrow Agreement" as a securities issuance facilitator
This definition links "Escrow Agreement" to its use in managing securities.
"Escrow Agreement" means an arrangement in which funds or shares are held by an escrow agent during a securities transaction, ensuring that all issuance and compliance conditions are satisfied before release.
Definition of "Escrow Agreement" as a cross-border trade mechanism
This definition applies "Escrow Agreement" to its role in international trade.
"Escrow Agreement" refers to a legal arrangement where funds or assets are held in escrow to provide security in cross-border transactions, mitigating risks associated with international trade.
Definition of "Escrow Agreement" as a technology license safeguard
This definition ties "Escrow Agreement" to its use in licensing agreements.
"Escrow Agreement" means an arrangement in which a third party holds software or technology source code to be released to the licensee if the licensor fails to meet certain obligations, such as ongoing support or updates.
Definition of "Escrow Agreement" as a contractor payment guarantee
This definition connects "Escrow Agreement" to its use in construction and contracting.
"Escrow Agreement" refers to an arrangement where payments for contractors or subcontractors are held in escrow and released upon the completion of predefined project milestones.
Definition of "Escrow Agreement" as a legal compliance assurance
This definition links "Escrow Agreement" to its use in ensuring regulatory compliance.
"Escrow Agreement" means an arrangement where funds or assets are held by an escrow agent to ensure compliance with legal or regulatory requirements before they are released to the relevant parties.
Definition of "Escrow Agreement" as a merger safeguard
This definition applies "Escrow Agreement" to its role in protecting merger-related obligations.
"Escrow Agreement" refers to a legal arrangement in which funds, shares, or other assets are held in escrow during a merger to ensure that all closing conditions are met before finalizing the transaction.
Definition of "Escrow Agreement" as a property lease guarantee
This definition ties "Escrow Agreement" to its use in lease agreements.
"Escrow Agreement" means an arrangement in which security deposits or advance payments for a lease are held by an escrow agent and released to the landlord or tenant upon fulfillment of lease terms.
Definition of "Escrow Agreement" as a milestone-based funding tool
This definition connects "Escrow Agreement" to its role in milestone-based funding.
"Escrow Agreement" refers to an arrangement where funds are held in escrow and disbursed to the recipient in stages, contingent upon achieving specific milestones outlined in the agreement.
Definition of "Escrow Agreement" as a private transaction security
This definition links "Escrow Agreement" to its use in private, non-commercial agreements.
"Escrow Agreement" means a legal arrangement in which funds or assets are held by a neutral third party to secure obligations in private transactions, such as personal loans or asset transfers.
Definition of "Escrow Agreement" as a safeguard for intellectual property transfer
This definition applies "Escrow Agreement" to its role in intellectual property agreements.
"Escrow Agreement" refers to an arrangement where intellectual property assets, such as patents or trademarks, are held in escrow until all conditions for their transfer or licensing are fulfilled.
Definition of "Escrow Agreement" as a tax withholding mechanism
This definition ties "Escrow Agreement" to its role in managing tax payments.
"Escrow Agreement" means an arrangement where funds are held in escrow to ensure that taxes or other statutory payments are withheld and remitted appropriately to the relevant authorities.
Definition of "Escrow Agreement" as a digital transaction facilitator
This definition connects "Escrow Agreement" to its use in online or digital transactions.
"Escrow Agreement" refers to a legal arrangement where funds or digital assets are held by an escrow service provider to secure online transactions, ensuring delivery of goods or services before releasing payment.
Definition of "Escrow Agreement" as a warranty retention arrangement
This definition links "Escrow Agreement" to its use in warranty claims.
"Escrow Agreement" means an arrangement where a portion of funds is held in escrow to cover potential warranty claims or repair costs after the completion of a transaction or project.
Definition of "Escrow Agreement" as a payment protection tool
This definition ties "Escrow Agreement" to its role in protecting payment during transactions.
"Escrow Agreement" means a legal arrangement where funds are deposited with an escrow agent to ensure that payment is only released upon the successful completion of agreed terms in a transaction.
Definition of "Escrow Agreement" as a neutral facilitator in arbitration
This definition connects "Escrow Agreement" to its use in arbitration or mediation.
"Escrow Agreement" refers to an arrangement where disputed funds or assets are held by a neutral third party during arbitration or mediation, ensuring compliance with the resolution or award terms.
Definition of "Escrow Agreement" as a licensing compliance guarantee
This definition links "Escrow Agreement" to its use in ensuring compliance with licensing agreements.
"Escrow Agreement" means an arrangement where software licenses, royalties, or other intellectual property assets are held in escrow to guarantee adherence to licensing terms before release.
Definition of "Escrow Agreement" as an installment payment safeguard
This definition applies "Escrow Agreement" to its use in installment-based payment agreements.
"Escrow Agreement" refers to a legal arrangement where installment payments are held in escrow and released to the recipient upon the completion of each agreed phase of a project or delivery of goods or services.
Definition of "Escrow Agreement" as a securities compliance mechanism
This definition ties "Escrow Agreement" to its role in ensuring securities compliance.
"Escrow Agreement" means an arrangement where funds or assets related to securities transactions are held in escrow until compliance with applicable securities regulations is verified.
Definition of "Escrow Agreement" as a safeguard for franchise agreements
This definition connects "Escrow Agreement" to its use in franchise operations.
"Escrow Agreement" refers to an arrangement where franchise fees or royalties are held in escrow to ensure that the franchisor meets its obligations, such as training or providing resources, before the funds are released.
Definition of "Escrow Agreement" as a project financing tool
This definition links "Escrow Agreement" to its role in project finance.
"Escrow Agreement" means a legal arrangement where funds for project financing are held by an escrow agent, disbursed according to pre-agreed schedules or upon completion of specific project milestones.
Definition of "Escrow Agreement" as an international payment intermediary
This definition applies "Escrow Agreement" to its role in cross-border payments.
"Escrow Agreement" refers to an arrangement where an escrow agent acts as an intermediary for international payments, holding funds until the completion of conditions specified in the cross-border agreement.
Definition of "Escrow Agreement" as a fund recovery mechanism
This definition ties "Escrow Agreement" to its role in ensuring recoverability of funds.
"Escrow Agreement" means an arrangement where funds are held in escrow to ensure their recoverability in the event of contract termination or failure to meet agreed terms.
Definition of "Escrow Agreement" as a safeguard for advance payments
This definition connects "Escrow Agreement" to its use in managing advance payments.
"Escrow Agreement" refers to a legal arrangement where advance payments are deposited in escrow to ensure that they are released only after the recipient fulfills their contractual obligations.
Definition of "Escrow Agreement" as a property sale guarantee
This definition links "Escrow Agreement" to its role in securing property sales.
"Escrow Agreement" means an arrangement where funds or documents related to a property sale are held by an escrow agent until all conditions of the sale are satisfied by both buyer and seller.
Definition of "Escrow Agreement" as an assurance for joint ventures
This definition applies "Escrow Agreement" to its role in securing joint venture agreements.
"Escrow Agreement" refers to an arrangement where funds or resources contributed by joint venture partners are held in escrow until predefined conditions of the partnership are fulfilled.
Definition of "Escrow Agreement" as a transfer pricing mechanism
This definition ties "Escrow Agreement" to its use in transfer pricing.
"Escrow Agreement" means an arrangement where funds related to transfer pricing agreements are held in escrow to ensure compliance with tax regulations and mutual agreement between parties.
Definition of "Escrow Agreement" as a legal risk mitigation tool
This definition connects "Escrow Agreement" to its role in reducing legal risks.
"Escrow Agreement" refers to a legal arrangement that mitigates risks by holding funds or assets securely until both parties meet their contractual obligations, ensuring impartial execution.
Definition of "Escrow Agreement" as a payment release framework
This definition links "Escrow Agreement" to its function as a structured payment framework.
"Escrow Agreement" means a framework under which payments are held by an escrow agent and released in accordance with specific conditions agreed upon by the contracting parties,
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.