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
