Free Consultation - Call (312) 889-8702 - The Castle Law Firm helps companies with business matters in Business and Franchise Law cases. This article delves into the significance of notarization in the context of escrow agreements, exploring the benefits and mechanisms that make it a potent tool.We explain their unique role and how they should be executed. Discusses all of the key documents you need to buy or sell a business, including the principal transaction agreement and common ancillary documents. This contract sets out the key terms of the transaction, including the purchase price, payment terms, and the assets and liabilities included in the sale. Escrows are standard in mergers and acquisitions, but their terms can vary significantly. Solution: The company deposited the required retainage amount set out in the construction contract into an escrow account. I understand that an escrow is a financial arrangement where a third party holds and regulates payment of funds between two parties involved in a transaction. Form of Exclusivity Agreement – Private Company Acquisition. The first step is recognizing the necessity for an escrow agreement.