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ESCROW AGREEMENT This Escrow Agreement is dated the day of, AMONG:AND:AND:PREMISES:W I T N E S S E T H It is hereby understood and agreed that relative to the above referenced closing on the above
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An escrow agreement is a legal document that outlines the terms and conditions between parties involved in a transaction, where a third party holds funds or assets until a specific condition is met.
The parties involved in the transaction are required to file the escrow agreement.
The escrow agreement should be filled out accurately and completely, including all relevant details of the transaction and the responsibilities of each party.
The purpose of an escrow agreement is to protect all parties involved in a transaction by ensuring that funds or assets are held securely until the transaction is complete.
The escrow agreement must include details of the transaction, the amount of funds held in escrow, the conditions for release of the funds, and the responsibilities of each party.
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