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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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1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
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