Type: Articles Published
Escrow agreements should be a relatively straightforward, stand-alone set of standard terms, right? Wrong. Reed Smith highlights some of the likely snags and pitfalls that you might encounter either if you intend to act as an Escrow Agent or when seeking to negotiate terms with an Escrow Agent. The moral of the story? When negotiating the underlying facility agreement, factor in sufficient time to negotiate and settle these ancillary terms.
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