ESCROW AGREEMENT

ESCROW AGREEMENT

Imagine paying millions of Naira for a property, land/building or business, only for the seller not to keep to his words.

Imagine handing over your land/house ownership documents and not receiving the purchase money.

These risks destroy transactions.

An Escrow Agreement is a legal contract in which a trusted neutral third party, known as the Escrow Agent, temporarily holds money, property or important documents until every agreed condition of a transaction has been complied with.

Only then will the money or documents be released to the appropriate party.

It is one of the safest ways to complete a high-value transaction, as it protects both buyer and seller.

The buyer knows the money will not be released until the agreed conditions are met and the seller knows the buyer has the funds to pay.

If well used, an Escrow Agreement prevents fraud, avoidable issues and builds trust.

A poorly drafted Escrow Agreement can create confusion over when funds should be released, who bears responsibility if something goes wrong, and how disputes should be resolved.

An Escrow Agreement should be prepared or reviewed by an experienced Property and Business Lawyer, to anticipate risks, draft clear release conditions and ensure your interests are fully protected.

Apex Chambers advises you have an Escrow Agreement that minimises risk, prevents fraud and boosts confidence.

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APEX CHAMBERS, Award-winning Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Counsel and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com