Escrow is a financial arrangement that protects both the buyer and the seller from fraud or theft. The most important document in an asset deal is the Asset Purchase Agreement (the "APA").In this article, I will discuss the key provisions of an APA. In this article, we'll provide you with a comprehensive guide to help you navigate escrow and real estate closings with confidence. All Deposits to be held by: Address: Phone: Email: ("Escrow Agent"). Deposit and Escrow Rules​​ The money needs to go into special Escrow Accounts within 12 days after everyone signs the contract.