ESCROW AGREEMENT FOR SALE OF GOODS

 

 

 

Agreement made _____________ (date), between _________________________, of ____________________________ (address), ___________ (city), _________ (county), _________ (state), in this agreement referred to as assignor, _____________________, of __________________________ (address), ______________ (city), _____________ (county), _______ (state), in this agreement referred to as assignee, and ____________, of ___________________________ (address), ________________ (city), __________ (county), _______________ (state), in this agreement referred to as escrow agent.

 

SECTION ONE:

UNDERLYING AGREEMENT

 

Assignor entered into an agreement with _______________________________, of _________________________ (address), ________________ (city), __________ (county), __________________ (state), buyer, on ________________ (date), for the purchase from assignor of __________ (quantity) ___________________________ (type of goods) for __________ Dollars ($__________).  The agreement required the goods to comply with the following specifications: ___________________________

____________________________________________________________________.

The goods were to be delivered according to the following schedule: _____________

____________________________________________________________________.

 

SECTION TWO:

DELEGATION OF PERFORMANCE

 

Assignor delegated to assignee on __________ (date), the performance of the obligations of assignor under the sales agreement.

SECTION THREE:

ASSURANCE OF PERFORMANCE REQUIRED

 

Assignor must furnish assurance of performance on ________________ (date), as demanded by buyer.

 

SECTION FOUR:

DEPOSIT IN ESCROW

 

Assignor shall deposit with escrow agent the amount of ________________ Dollars ($__________) on the following terms of escrow: __________________________

__________________________________________________________________.

 

SECTION FIVE:

PURPOSE OF ESCROW

 

Assignors deposit shall be held by the escrow agent for the purpose set forth above.

In witness whereof, the parties have executed this agreement at ________________ (designate place of execution) the day and year first above written.

 

 

 

_____________________________________________

Signature

 

 

_____________________________________________

Signature