Escrow is a process by which a person or party puts their property, deposit or other type of possession in the hands of a third party to ensure that the money does not change the property until certain conditions are met. For example, a person wants to buy a house and deposits a deposit with an agent to ensure that the property before the seller and the seller signs the contract changes ownership only when certain conditions are met, for example. B the signing of the contract. In addition, the main reason for signing a trust agreement is quite interesting, while this agreement will help the parties resolve transaction issues in a simple but intuitive way. In addition, the trust agreement will minimize the chances of conflict and both parties will be able to act professionally. Here, the agreement is concluded safely after comparisons. It is very likely that the idea of a third party as a guarantor will be useful in the release of payments. In addition, the third party will work as in charge and protect the agreement until the contractual terms are met by both parties. A trust agreement is a different type of legal document that can be used as a formal written contract, traditionally included in three different parts. Similarly, this agreement will function as a solid tool that will protect the milestones of the conclusion and will in some way ensure the transaction. It is almost certain that a general type of loyalty contract can have a seller, a buyer and a third party. In this way, the third party will ensure that all things related to the regulated agreement go a long way.
As we know in most contracts, there are only two parties involved in the agreement, but apparently for this type of agreement, the documentation of the document agreement in the existence of third parties and that part will also keep that agreement in detention. In the legal provisions of the agreement, the buyer will be designated as a depositor, while on the other hand, the seller is designated as the beneficiary, so that one-third of that agreement is often known as a trust agent. It appears that the third party is also responsible for the review of the contract and participates in it until the specified condition of the agreement is fulfilled or fulfilled.