Escrow Agreement

Escrow Agreement Template

This Escrow Agreement (“Agreement”) is entered into on [Date], by and between:

Party A (Depositor): [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]

Party B (Beneficiary): [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]

Escrow Agent: [Full Legal Name / Company Name]
Address: [Address]
Contact: [Phone, Email]

Together referred to as the “Parties.”

1. Appointment of Escrow Agent

The Parties hereby appoint the Escrow Agent to hold the Escrow Property described in Section 2, subject to the terms of this Agreement. The Escrow Agent accepts this appointment.

2. Escrow Property

The Escrow Property consists of:

• [Funds, securities, deeds, intellectual property, or other assets]
  delivered to the Escrow Agent by Party A.

3. Deposit and Maintenance

• The Escrow Agent shall maintain the Escrow Property in a separate account or secure facility.

• The Escrow Agent shall not commingle Escrow Property with personal or business assets.

4. Release Conditions

The Escrow Property shall be released to Party B upon satisfaction of the following conditions:
[List conditions – e.g., completion of a real estate closing, delivery of goods, regulatory approval].

If conditions are not satisfied by [Deadline Date], the Escrow Property shall be returned to Party A unless otherwise agreed.

5. Fees and Expenses

The Parties shall jointly bear the Escrow Agent’s fees and expenses unless otherwise specified. Payment terms are outlined in Schedule A.

6. Duties and Responsibilities of Escrow Agent

The Escrow Agent shall:

• Act in good faith and in accordance with this Agreement.

• Not be liable for actions taken in reliance on written instructions believed to be genuine.

• Be entitled to reimbursement for costs incurred in performing duties.

7. Dispute Resolution

In case of conflicting demands or disputes regarding the Escrow Property, the Escrow Agent may:

• Retain the property until the dispute is resolved, or

• Deposit the property with a court of competent jurisdiction.

8. Termination

This Agreement shall terminate upon the release of all Escrow Property in accordance with Section 4.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

10. Entire Agreement

This document constitutes the entire agreement among the Parties regarding the Escrow Property and supersedes prior discussions or agreements.

Signatures

Party A (Depositor): ___________________________ Date: _________
Name/Title: [Full Name, Title]

Party B (Beneficiary): _________________________ Date: _________
Name/Title: [Full Name, Title]

Escrow Agent: ________________________________ Date: _________
Name/Title: [Full Name, Title]