Explainers: Escrow Agreement
in a Nutshell

What is an Escrow Agreement?
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Quiz time: 3 minutes
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An Escrow Agreement is a legally binding contract that outlines the terms and conditions under which a neutral third party, known as an "escrow agent" or "escrow holder," holds and manages certain assets, documents, or funds on behalf of two or more parties involved in a transaction or contractual arrangement. The purpose of an escrow agreement is to provide security and assurance to all parties that their respective obligations will be fulfilled according to the terms of the agreement.
Explore more about Escrow Agreements in the explainer.
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