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LSDefine

Simple English definitions for legal terms

escrow instructions

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A quick definition of escrow instructions:

Escrow instructions are a set of rules that explain what needs to happen for the person holding onto something valuable (like money or important documents) to give it to the person who is supposed to receive it. These rules are usually written down in a contract called an "escrow agreement." The instructions make sure that everyone involved knows what they need to do and when they need to do it, so that the transfer of the valuable item goes smoothly.

A more thorough explanation:

Escrow instructions are a set of rules that explain how an escrow agent should handle the assets, documents, and money held in escrow. These instructions are usually included in the escrow agreement and must be followed by the escrow agent.

Let's say you're buying a house. You and the seller agree to use an escrow agent to hold the money until the sale is complete. The escrow instructions would outline the conditions that must be met before the money is released to the seller. For example, the instructions might say that the seller must provide a clear title to the property and that all necessary inspections must be completed before the money is released.

Another example could be when a company is acquiring another company. The escrow instructions would outline the conditions that must be met before the assets and money held in escrow are released to the acquiring company. For example, the instructions might say that the acquiring company must receive all necessary regulatory approvals before the assets and money are released.

These examples illustrate how escrow instructions are used to ensure that all parties involved in a transaction are protected and that the assets, documents, and money held in escrow are released only when certain conditions are met.

escrow agreement | espionage

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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