Escrow Account Agreement Sample

Where such a disagreement arises between the seller and the buyer, the fiduciary agent shall have the right to be removed from this agreement by submitting all agreements and documents to the competent court in the matter. The parties have appointed [Escrow.AgentName] (Escrow Agent) to maintain $[Escrow.Amount] in accordance with the terms of the fiduciary agreement mentioned below. PandaTip: This section of the presentation allows the Escrow agent to deduct from the trust account all fees due to him. PandaTip: There are three roles in this model for fiduciary arrangements: the buyer, the seller, and the agent. Each of these individuals plays an important role in the fiduciary agreement. In case of disagreement, the parties agree that the fiduciary agent is not held responsible for any costs, damages or losses that may result from the tasks performed.