| 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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Seller ships the merchandise to either the buyer or to the escrow agent depending on prior arrangements, or to where the merchandise will be stored.
The seller is responsible for all shipping costs. (If in the agreement the buyer is to pay for the shipping costs then the buyer will be instructed to reimburse the seller once the merchandise has arrived at its correct destination.)
The inspection period of the merchandise does not start until there has been confirmation that the buyer or the escrow agent has received the merchandise. |
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