An escrow agreement is a legal document outlining the terms and conditions between parties involved in an escrow arrangement. Escrow agreements are contracts used to ensure that all parties involved meet the terms outlined within the contracts.At the Closing, Buyer shall pay the Purchase Price (after deduction and credit to Buyer for the Deposit) to Seller in immediately available federal funds. Seller upon acceptance agrees to sell and convey the Property on the terms and conditions of this Offer To Purchase and Contract and. What information do I need to fill out the Escrow Agreement form? You need details about the property, date of closing, involved parties, and the escrow amount. Register to use the MECKProcure portal to monitor upcoming opportunities, bid on projects and manage your vendor profile. MeckProcure Guides for Vendors. This escrow agreement template can be used to identify an escrow agent and establish an escrow agreement between a buyer and seller.