Common Contracts
1 similar Escrow Agreement contracts
ESCROW AGREEMENTS IN REAL ESTATEEscrow Agreement • December 6th, 2016 • New York
Escrow agreements are essential in virtually all significant transactions. They are mechanisms for allocating risk among the parties to the transaction. Escrow agents are charged with determining whether certain contractual conditions are satisfied, justifying the disbursement of money or property from one of the parties to another party. Escrow arrangements mitigate the risk of non-performance by one of the parties. But escrow agreements are fraught with potential conflicts and traps that may give rise to delays in finally closing a transaction. This program will provide you with a practical guide to drafting effective escrow agreements, risk allocation, conflict avoidance and working with escrow agents.
