Escrow Agreement
December 11, 2013 | | Kris Tabetando | 0 Comment
In a website sale, an escrow agreement is a legally-binding contract signed with an escrow agent that details the terms agreed upon by all parties involved in an escrow transaction.
It defines what website assets and funds will be deposited in escrow and under what conditions these assets will be released to the specified parties. It also indicates the escrow fees to be paid to the escrow agent and which party or parties will pay the fees.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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