Questions tagged [escrow]

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Can a person sign a contract committing to never taking an ex-spouse to Family Court?

Can a person sign a contract committing to never taking an ex-spouse to Family Court? For example, as part of a divorce agreement, my (soon to be) ex-spouse wants me to put money aside in escrow that ...
Curious1's user avatar
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Are business expenses put into escrow by a freelance marketplace deductible before they are released from escrow?

Say that a U.S. person is a sole proprietor, and pays a contractor to do some work to support his business. This would normally count as a business expense, deductible on the U.S. person's taxes. But ...
Gabriel's user avatar
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What marks the closing of an equity financing?

Years ago, as an angel investor, I invested in a startup company via a convertible note. The note converts on the closing of certain equity financing events. So what determines the closing of an ...
ma11hew28's user avatar
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Paying back money from purchase in an agreement that does not mention a timeline for the condition of the money given

My sister bought her home a little over a year ago. During the home inspection she found that the roof only had 2-3 years left of life. The seller agreed to cover half the cost of the roof and left ...
Sayaman's user avatar
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If a stakeholder steals escrow/deposit in land sale contract, is the seller obligated to refund the deposit?

In a more drastic case, if in a Sale and Purchase Agreement, the vendor authorizes the purchaser's solicitor as the escrow/stakeholder to receive not just the deposit but the purchase price on his ...
Ryan's user avatar
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How is "simultaneity" in transactions achieved, and when is it necessary?

I can think of two ways. One is to have everyone connected, either physically (in the same room) or electronically, via e.g. Zoom, to execute their documents. A second way might be to have different ...
Libra's user avatar
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How/when do the parties know that a contract is a "go?"

This is a followup to this question, in which the seller's attorney was tasked with tracking the fulfillment of four preconditions that needed to be cleared. Is the lawyer supposed to give an "...
Libra's user avatar
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What is the liability of an escrow agent who failed to do his job?

This question is a followup to this question regarding a failed. building purchase. The seller's attorney had agreed to be the escrow agent for the transaction. That is, he was supposed to receive the ...
Libra's user avatar
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