An escrow is essentially a small and short-lived trust arrangement. The form to fill out is available on the official escrow website.Escrow companies can also provide form sales agreements for buyer and seller to use. The first requirement for a valid escrow is a written agreement. When a business is being sold, the parties to the sale may find it beneficial to establish an escrow agent to handle the transfer of assets and cash. An escrow agent acts as a third party between the buyer and seller to ensure that all conditions of the sales agreement are met. Once the seller accepts the buyer's offer and both parties sign a purchase agreement, the California escrow process officially starts. Commercial Escrow Accounts are a vital component of many business transactions, primarily in the context of real estate and business acquisitions. This Escrow Agreement dated this ___ day of. WHEREAS, the Company, Buzz Acquisition Corp.
