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Escrow Agreement
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Escrow Agreement
An escrow agreement is a legal contract where a third party (escrow agent) holds funds or assets until certain conditions are met by the parties involved. It is commonly used in real estate transactions or mergers and acquisitions. The agreement ensures that neither party gains control of the asset until all obligations are satisfied.
Why Use a Remote Online Notary
Notarizing an escrow agreement ensures that all parties involved have been properly identified and are entering into the contract voluntarily. It helps prevent disputes by adding legal credibility to the terms of the agreement. Notarization ensures the agreement will be enforceable in court, should any issues arise. It also reduces the likelihood of fraudulent claims or unauthorized access to the escrowed assets.