May 2019
Tuesday, May 21, 2019
Drafting Escrow Agreements in Business & Commercial Transactions
Topics to be covered:
- Defining conditions for release of property in basic, clear, explicit terms to reduce risk
- Drafting release instructions to tightly synchronize with the underlying transaction
- Inherent risks involved with escrow agent determinations
- Co-mingled and held in trust funds v. segregated funds
- Timing – how drafting too early might miss key terms in the underlying agreement
- Choosing the right escrow agent depending on the nature of the transaction
- Reducing escrow agent through E&O or other insurance
Faculty: Steven O. Weise, Proskauer Rose, LLP – Los Angeles, CA