Use this template to create a tripartite agreement to safeguard payment through an escrow agent to confirm compliance of the terms of an arrangement between buyer and seller.
About this document
This Escrow agreement safeguards payment through an escrow agent to confirm compliance of the terms of an arrangement between the buyer and the seller.
As drawn, the document addresses a property sale, however, with small changes the document can be edited for any other purpose.
Application
and features
Very flexible to suit the requirements of all parties;
Provides a complete framework;
Protects all sides.
Contents
Time schedule;
Practical terms that protect parties from future disputes;
Rights and liabilities of escrow agent;
Dispute resolution;
Payment terms;
Acknowledgment.
Word
Count (approximate):
Document: 485
words
Explanatory notes:
430
words
Draftsman
This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.
