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ESCROW AGREEMENT BY AND BETWEEN THE CITY OF MONTGOMERY, TEXAS, AND Home Depot U.S.A., Inc Dev. No. 2305THE STATE OF TEXASCOUNTY OF MONTGOMERYThis Escrow Agreement is made and entered into as of the
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An escrow agreement is a legal document that outlines the terms and conditions under which an asset is held by a third party on behalf of two other parties until certain conditions are fulfilled.
Typically, parties involved in a transaction that requires the use of escrow, such as buyers and sellers, are required to file the escrow agreement.
To fill out an escrow agreement, you need to include the names and contact information of all parties involved, a description of the asset being held in escrow, the conditions for release of the asset, and the signatures of all parties.
The purpose of an escrow agreement is to ensure that both parties in a transaction uphold their obligations by holding an asset securely until all terms are met.
The escrow agreement must report the parties' names, asset details, terms and conditions for release, signatures, and any relevant timelines.
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