Escrow Agreement Example In Salt Lake

• Category: Real Estate - Escrow
• State: Multi-State
• County: Salt Lake
• Control #: US-00192
• Format: Word; Rich Text

Description

The Escrow Agreement example in Salt Lake is a legal document that outlines the terms for the release of funds held in escrow upon the completion of a construction project. It includes sections for the undersigned parties to release the Escrow Agent from obligations set forth in an earlier Construction Completion and Escrow Agreement. Key features include the authorization for the disbursement of remaining funds, a declaration that no claims exist for labor or materials used, and a reassurance that there are no outstanding claims against the Escrow Agent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and efficient method for managing the release of funds in construction-related transactions. The form must be completed with accurate details, including the names of the parties and dates pertinent to the agreement. Users should ensure that all necessary signatures are included to validate the release. This agreement serves to protect the interests of all parties involved by confirming the completion of obligations and preventing future disputes over escrowed funds.