How Escrow works?
Parties Agree
Purchaser/payer deposits funds with Escrow
Parties fulfill their agreed obligations
Parties approve completion
Escrow releases the funds
Everything you need to know about Escrow Services
A professional Escrow Agent will help you successfully mitigate risks on business and financial transactions. We enable you to close deals promptly, securely and without unforeseen surprises, from start to finish.
For a buyer, we ensure that documents and/or funds are released according to the strict terms and conditions of the agreement between the parties.
For a seller, we ensure that no documents and/or titles are transferred to the buyer unless we are strictly satisfied that the buyer has the funds and are available to be transferred to the seller, as per the parties agreement.
- As a guarantee for a successful completion of an agreement (such as a Share Purchase Agreement or an Option Agreement), especially where a large amount of money is involved and a sequence of events to be fulfilled by the parties;
- As a guarantee for a due performance of an agreement by all parties;
- In all cases where a party worries of the counterparty’s due performance;
- Avoidance of unnecessary court actions and/or interim orders in the events of failure of one party to perform.
When a transaction is to be made and our Escrow services are used, escrow money received are held in a secured escrow account for the particular escrow service and not in a pool escrow/deposit account for two or more escrow agency services or other clients’ funds held by AGP.
Our policy is that each Escrow account has its’ own bank account under the AGP management. AGP is duly authorised to maintain Escrow, Trust or Clients’ bank accounts.
We assist and consult our clients of considering an Escrow Agency agreement when the circumstances dictate.
We recommend the appointment of an Escrow Agent when we foresee likelihood of failure to perform by the other party. We are experienced on drafting Escrow Agency agreements as well as being appointed as the neutral Escrow Agent, or even as a co-Escrow Agent. We open and manage escrow accounts in UK banks, either a as a sole agent or in co-appointment with the bank itself.
