Escrow services

The term Escrow is a legal concept describing a financial instrument and is used when assets are held by third party on behalf of two contracting parties, subject to a transaction, such as a contract of sale, between them being completed, until certain obligations or conditions under the agreement have been met.

Escrow is a process used when two parties are in the process of completing a transaction, and there is uncertainty over whether one party or another will be able to fulfill their obligations. Frameworks that use escrow include; internet transactions, banking, intellectual property, real estate, mergers and acquisitions, and many more.

Escrow services can be applied to straightforward or complicated agreements involving domestic or multi-currency, multi-jurisdictional transactions within varied accounting and legal frameworks.