Escrow agreement

{
  "id": "MLC-T-LAW-001912",
  "term": "Escrow agreement",
  "field": "Law",
  "definition": "A written contract outlining the terms and conditions under which an asset, typically money or documents, will be held by a neutral third party until specific contractual obligations are fulfilled. This agreement details the responsibilities of the escrow agent, the conditions for release of the assets, and the rights of all parties involved. It provides a framework for secure transactions.",
  "url": "https://mlchart.com/terminology/law/escrow-agreement/"
}