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Tuesday, May 21, 2019, 1:00-2:00pm

Every escrow agreement has a degree of intrinsic uncertainty.

Whether the agreement is for the release of money, property title, software code, or something else, the escrow agent has to determine whether certain conditions have been met before releasing the property held in escrow.

Making those determinations always involves a degree of judgement; and that judgment is always subject to dispute. In this sense, escrow agreements, which are intended to limit risk and enhance the certainty of a transaction, actually introduce another layer of risk, at least when they are not very carefully drafted to capture all the material details of the underlying transaction in as basic, clear and explicit terms as possible.

When the escrow agreement does not achieve this degree of clarity, the escrow agent may be caught in substantial dispute with one or several counter-parties, threatening the underlying transaction.

This program provides a practical guide to drafting escrow agreements in transactions.

  • Defining conditions for release of property in basic, clear, explicit terms to reduce risk
  • Drafting release instructions to tightly synchronize with the underlying transaction
  • Inherent risks involved with escrow agent determinations
  • Co-mingled and held in trust funds v. segregated funds
  • Timing – how drafting too early might miss key terms in the underlying agreement
  • Choosing the right escrow agent depending on the nature of the transaction
  • Reducing escrow agent through E&O or other insurance

Click on the "In Depth" tab for tuition and speaker information.

Product Information
Date Presented:
May 21, 2019 1:00 PM Eastern
Length:
1 hour
Registration Fee:
Free
Drafting Escrow Agreements in Business and Commercial Transactions | Phone/Audio Streaming
TUITION RATE.    

All Attendees: $80


Early discount and CLE Premier Pass rates are not available for this program. 

FACULTY. 
Speaker Information
Steven O Weise   [ view bio ]
Individual topic purchase: Selected
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00
Questions?
CLE Premier Pass