What is an escrow account agreement?

An Escrow agreement is a legal contract where an independent third party holds the money or the asset (i.e. in 'escrow') until certain conditions such as delivery or payment, are met.

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Indemnity Escrow Agreement regarding purchasing issued and...

Kings New York Indemnity Escrow Agreement regarding purchasing issued and outstanding shares

Name: Kings New York Indemnity Escrow Agreement regarding purchasing issued and outstanding shares
Brand: US Legal Forms
Rating: 4.7 (265 reviews)

Category:

Corporations - Public - Escrow

State:

Multi-State

County:

Kings

Control #:

US-EG-9466

Format:

Instant download

Description

Indemnity Escrow Agreement between Daleen Technologies, Inc., Daleen-Canada Corp., Inlogic Software, Inc. Shareholders, Mohammed Aamir, and Montreal Trust Company of Canada regarding purchasing issued and outstanding shares in consideration for the

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FAQ

An Escrow agreement is a legal contract where an independent third party holds the money or the asset (i.e. in 'escrow') until certain conditions such as delivery or payment, are met.

Escrow is the use of a third party, which holds an asset or funds before they are transferred from one party to another. The third-party holds the funds until both parties have fulfilled their contractual requirements.

Most escrow agreements are put into place when one party wants to make sure the other party meets certain conditions or obligations before it moves forward with a deal. For instance, a seller may set up an escrow agreement to ensure a potential homebuyer can secure financing before the sale goes through.

A Definitive Purchase Agreement (DPA) is a legal document that records the terms and conditions between two companies that enter into an agreement for a merger, acquisition, divestiture, joint venture, or some form of strategic alliance.

An asset purchase agreement, also known as an asset sale agreement, business purchase agreement, or APA, is a written legal instrument that formalizes the purchase of a business or significant business asset. It details the structure of the deal, price, limitations, and warranties.

SPAC Definitive Agreement means a definitive agreement pursuant to which M I Acquisitions, Inc. agrees to acquire, merge or combine with the Buyer and/or the Buyer's operating Subsidiaries or businesses.

A sales purchase agreement is a contract to make a sale, spelling out price, quality, quantity, any warranties on the goods and any other necessary terms. The bill of sale comes after the sale finally closes, confirming that ownership of the assets has passed from seller to buyer in return for payment.

A letter of intent (LOI) is an initial, non-binding agreement between the parties in a proposed business deal. The LOI establishes the aspects of the deal the parties agree on, shows the parties are committed to making a final deal, and clears the way for a later, binding agreement called a definitive agreement.

"In escrow" is a type of legal holding account for items, which can't be released until predetermined conditions are satisfied. Typically, items are held in escrow until the process involving a financial transaction has been completed. Valuables held in escrow can include real estate, money, stocks, and securities.

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WHEREAS, Seller desires to sell, and Buyer desires to buy, all of the Assets on the terms and conditions set forth in this Agreement. For which a certificate of documentation has been issued under chapter 121 of this title.

Kings New York Indemnity Escrow Agreement regarding purchasing issued and outstanding shares

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How to fill out Kings New York Indemnity Escrow Agreement Regarding Purchasing Issued And Outstanding Shares?

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FAQ

What is an escrow account agreement?

Who owns the money in an escrow account?

What is the use of escrow agreement?

What is a definitive asset purchase agreement?

What is included in an asset purchase agreement?

What is definitive agreement SPAC?

Is an asset purchase agreement the same as bill of sale?

Is Loi a definitive agreement?

What is an escrow account?

Why use an escrow agreement?

Interesting Questions

What is the purpose of Kings Indemnity Escrow Agreement?

Who are the parties involved in the Kings Indemnity Escrow Agreement?

What are issued and outstanding shares?

How does the Kings Indemnity Escrow Agreement protect the purchaser?

What obligations does the shareholder have under the Kings Indemnity Escrow Agreement?

What role does the escrow agent play in the Kings Indemnity Escrow Agreement?

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