| Escrow is a way
to transfer any type of property and/or money using a neutral
third party |
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| When entering
in to a contractual transaction with unknown parties, you
may desire protection |
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| Today’s
businesses are increasingly dependant on crucial assets
that they do not |
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| The buyer accepts the merchandise.
Reimbursements of funds are transferred between buyer and seller, regarding
agents fees and shipping costs. (Only if this is relevant.) Escrow
agent takes their fees from trust account. If the buyer rejects
the merchandise then the buyer has 10 working days to return the merchandise
to the seller. If a dispute arises over the goods of the merchandise
then the escrow agent will continue to hold the funds until the dispute
is settled. |
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