[{"data":1,"prerenderedAt":526},["ShallowReactive",2],{"document-escrow-check-receipt-D445":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":184,"customdescription":6,"mdFm":185,"mdProseHtml":525},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"ESCROW CHECK RECEIPT Escrow Number Date CHECKS FOR COLLECTION On: Maker: On: Maker: Endorser: ",null,"Escrow Check Receipt","1",31,"doc","https://templates.business-in-a-box.com/imgs/1000px/escrow-check-receipt-D445.png","https://templates.business-in-a-box.com/imgs/250px/445.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#445.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Finance & Accounting","/templates/finance-accounting/",{"label":20,"url":21},"Administration","/templates/business-administration/","escrow check receipt","Escrow Check Receipt Template","https://templates.business-in-a-box.com/imgs/400px/445.png","https://templates.business-in-a-box.com/imgs/600px/445.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Transfers Terminations & Releases","/templates/transfers-terminations-and-releases/",[39,43,47,51,55,60,64,68,72,76,80,84,88,105,119,136,151,170],{"label":40,"url":41,"thumb":42,"extension":10},"Receipt of Resume","/template/receipt-of-resume-D600","https://templates.business-in-a-box.com/imgs/250px/600.png",{"label":44,"url":45,"thumb":46,"extension":10},"Receipt","/template/receipt-D395","https://templates.business-in-a-box.com/imgs/250px/395.png",{"label":48,"url":49,"thumb":50,"extension":10},"Background Check Policy","/template/background-check-policy-D13419","https://templates.business-in-a-box.com/imgs/250px/13419.png",{"label":52,"url":53,"thumb":54,"extension":10},"Escrow Agreement","/template/escrow-agreement-D1173","https://templates.business-in-a-box.com/imgs/250px/1173.png",{"label":56,"url":57,"thumb":58,"extension":59},"Sales Receipt","/template/sales-receipt-D384","https://templates.business-in-a-box.com/imgs/250px/384.png","xls",{"label":61,"url":62,"thumb":63,"extension":10},"Reference Check Letter","/template/reference-check-letter-D601","https://templates.business-in-a-box.com/imgs/250px/601.png",{"label":65,"url":66,"thumb":67,"extension":10},"Escrow Holdback Agreement","/template/escrow-holdback-agreement-D13967","https://templates.business-in-a-box.com/imgs/250px/13967.png",{"label":69,"url":70,"thumb":71,"extension":10},"Software Escrow Agreement","/template/software-escrow-agreement-D14061","https://templates.business-in-a-box.com/imgs/250px/14061.png",{"label":73,"url":74,"thumb":75,"extension":10},"Acknowledgement Of Receipt Letter","/template/acknowledgement-of-receipt-letter-D13438","https://templates.business-in-a-box.com/imgs/250px/13438.png",{"label":77,"url":78,"thumb":79,"extension":10},"Acknowledged Receipt of Goods","/template/acknowledged-receipt-of-goods-D1046","https://templates.business-in-a-box.com/imgs/250px/1046.png",{"label":81,"url":82,"thumb":83,"extension":10},"Receipt for Goods or Services","/template/receipt-for-goods-or-services-D381","https://templates.business-in-a-box.com/imgs/250px/381.png",{"label":85,"url":86,"thumb":87,"extension":10},"Personal Reference Check Letter","/template/personal-reference-check-letter-D599","https://templates.business-in-a-box.com/imgs/250px/599.png",{"description":89,"descriptionCustom":6,"label":90,"pages":91,"size":92,"extension":10,"preview":93,"thumb":94,"svgFrame":95,"seoMetadata":96,"parents":98,"keywords":97,"url":104},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing","Real Estate Purchase Agreement","8",513,"https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":97,"description":6},"real estate purchase agreement",[99,101],{"label":33,"url":100},"business-legal-agreements",{"label":102,"url":103},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",{"description":106,"descriptionCustom":6,"label":107,"pages":108,"size":92,"extension":10,"preview":109,"thumb":110,"svgFrame":111,"seoMetadata":112,"parents":114,"keywords":117,"url":118},"Letter of Intent [INSERT DATE] [INSERT ADDRESSEE NAME] [INSERT FULL LEGAL NAME] [INSERT FULL ADRESS] Letter of intent relating to [INSERT SUBJECT] Dear [CONTACT NAME] This letter of intent (LOI) summarises the agreed in principle terms of a proposed [INSERT BRIEF OVERVIEW OF NATURE OF PROPOSED RELATIONSHIP]. This LOI is not legally binding except for the terms stated in part D. There will be no obligation related to the proposed [INSERT BRIEF NAME OF PROPOSED RELATIONSHIP] until a binding formal agreement is signed by the parties. Part A - background (non-binding) [INSERT BRIEF DESCRIPTION OF EACH PARTY]. [INSERT A BRIEF DESCRIPTION OF WHY THE PARTIES WIST TO WORK TOGETHER]. Part B - in-principle terms (non-binding) [INSERT A DETAILED DESCRIPTION OF WHAT THE PARTIES HAVE AGREED]. [INSERT EVERY ASUMPTION ON WHICH THE TERMS ARE BASED]. Part C - next steps (non-binding) [INSERT DETAILED NEXT STEPS (EX: DUE DILIGENCE, CONDITIONS, REGULATORY APPROVALS)] OR [THE PARTIES WILL CONTINUE TO DISCUSS IN GOOD FAITH AND AGREE THE MORE DETAILED ARRANGEMENTS ON WHICH THEY WILL WORK TOGETHER, WITH THE INTENTION TO ENTER INTO A FORMAL WRITTEN AGREEMENT BY [INSERT DATE]]. Part D - legally binding terms ","Letter Of Intent","2","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent-D12655.png","https://templates.business-in-a-box.com/imgs/250px/12655.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12655.xml",{"title":113,"description":6},"letter of intent",[115,116],{"label":33,"url":100},{"label":33,"url":100},"letter intent","/template/letter-of-intent-D12655",{"description":120,"descriptionCustom":6,"label":121,"pages":8,"size":122,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":127,"keywords":134,"url":135},"BILL OF SALE This Bill of Sale (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Seller\") , a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BUYER NAME] (the \"Buyer\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good and valuable consideration, the Seller hereby sells and transfers possession of the following goods in their present condition and location to the Buyer, and its successors and assigns forever, the following described goods [DETAILED LIST OF GOODS]. Seller warrants and represents that he/she has good title to said property, full authority to sell and transfer same and that said goods and chattels are being sold free and clear of all liens, encumbrances, liabilities and adverse claims, of every nature and description.","Bill of Sale",29,"https://templates.business-in-a-box.com/imgs/1000px/bill-of-sale-D1229.png","https://templates.business-in-a-box.com/imgs/250px/1229.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1229.xml",{"title":6,"description":6},[128,131],{"label":129,"url":130},"Sales & Marketing","sales-marketing",{"label":132,"url":133},"Marketing & Sales Contracts","marketing-sales-contracts","bill sale","/template/bill-of-sale-D1229",{"description":137,"descriptionCustom":6,"label":138,"pages":139,"size":92,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":145,"keywords":144,"url":150},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":144,"description":6},"non disclosure agreement nda",[146,147],{"label":33,"url":100},{"label":148,"url":149},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":152,"descriptionCustom":6,"label":153,"pages":139,"size":154,"extension":10,"preview":155,"thumb":156,"svgFrame":157,"seoMetadata":158,"parents":159,"keywords":168,"url":169},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[160,162,165],{"label":17,"url":161},"finance-accounting",{"label":163,"url":164},"Business Loans","business-loan",{"label":166,"url":167},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":171,"descriptionCustom":6,"label":172,"pages":173,"size":174,"extension":10,"preview":175,"thumb":176,"svgFrame":177,"seoMetadata":178,"parents":179,"keywords":182,"url":183},"TABLE OF CONTENTS Pages 1. INTERPRETATION 5 1.1 Definitions 5 1.2 Generally Accepted Accounting Principles 7 1.3 Headings and References 7 1.4 Extended Meanings 7 1.5 Schedules 7 1.6 Currency 7 1.7 Tender 7 1.8 Performance on Holidays 7 1.9 Calculation of Time 7 1.10 Ordinary Course 7 1.11 \"Material\" and \"Materially\" Defined 7 2. PURCHASE AND SALE 7 2.1 Purchase and Sale and Purchase Price 7 2.1.1 Term and Conditions 7 2.1.2 The Purchase Price shall be paid and satisfied as follows: 7 2.2 Adjustments 7 2.2.1. Net Worth Determination 7 2.2.2. Final Determination of Purchase Price 7 2.2.3. Disputes 7 2.3 Closing 7 2.4 Allocation of Purchase Price 7 2.5 General Adjustments 7 2.6 Accounts Receivable 7 2.7 Liabilities Not Assumed 7 2.8 Transfer Taxes 7 2.9 Non-Assignable Contracts 7 2.10 Increase in Rent on Assignment 7 3. REPRESENTATIONS AND WARRANTIES 7 3.1. Representations and Warranties of the Vendor 7 3.1.1 Corporate Matters 7 3.1.2 Title to Purchased Assets 7 3.1.3 No Options 7 3.1.4 The Financial Statements 7 3.1.5 Undisclosed Liabilities 7 3.1.6 Absence of Changes 7 3.1.7 Absence of Unusual Transactions 7 3.1.8 Tax Matters 7 3.1.9 Books and Records 7 3.1.10 Leases, Material Contracts, etc. 7 3.1.11 Accounts Receivable 7 3.1.12 Consents, Approvals, Etc. 7 3.1.13 Absence of Guarantees 7 3.1.14 Restrictions on Business 7 3.1.15 Absence of Conflicting Agreements 7 3.1.16 Compliance with Applicable [YOUR COUNTRY LAW] 7 3.1.17 Employees 7 3.1.18 Collective Agreements 7 3.1.19 Benefit Plans 7 3.1.20 Litigation 7 3.1.21 Insurance 7 3.1.22 Leases 7 3.1.23 Premises 7 3.1.24 No Expropriation 7 3.1.25 Leased Equipment 7 3.1.26 Licenses 7 3.1.27 Intellectual Property Rights 7 3.1.28 Assets 7 3.1.29 Inventories 7 3.1.30 Forward Commitments 7 3.1.31 Copies of Documents 7 3.1.32 Residency 7 3.1.33 Environmental Matters 7 3.1.34 Occupational Health and Safety 7 3.1.35 Workers' Compensation 7 3.1.36 Disclosure 7 3.1.37 Obligations to Customers 7 3.1.38 Retail Outlets 7 3.2. Representations and Warranties of the Purchaser 7 3.2.1 Incorporation 7 3.2.2 Corporate Power and Due Authorization 7 3.2.3 Enforceability of Obligations 7 3.2.4 Absence of Conflicting Agreements 7 3.2.5 Consents and Approvals 7 3.3. Interpretation 7 3.4. Commission 7 3.5. Qualification of Representations and Warranties 7 3.6. Non-Waiver 7 3.7. Survival of Representations and Warranties of the Vendor 7 3.8. Survival of Representations and Warranties of Purchaser 7 3.9. Knowledge of the Vendor 7 4. OTHER COVENANTS OF THE [COMPANY NAME] 7 4.1. Conduct of Business Prior to Closing 7 4.2. Conduct Business in Ordinary Course 7 4.3. Contracts 7 4.4. Continue Insurance 7 4.5. Comply with [YOUR COUNTRY LAW] 7 4.6. Taxes 7 4.7. Employees 7 4.8. Material Changes 7 4.9. Liens 7 4.10. Action by Vendor 7 4.11. Capital Expenditures 7 4.12. [SPECIFY] Claim 7 4.13. Conduct of Business Prior to Closing 7 4.14. Lease Consents and Estoppel Certificates 7 4.15. Consents and Waivers 7 4.16. Access for Investigation 7 4.17. Delivery of Books and Records 7 4.18. Accounts Receivable 7 4.19. Discharge of Obligations 7 4.20. Cooperation 7 4.21. Employees 7 4.21.1. Offer of Employment 7 4.21.2. Employment Process 7 4.21.3. Indemnification for Severance Claims of Non-Hired Employees 7 4.21.4. Claims Re: Employment Prior to Closing 7 4.21.5. Benefit Plans 7 4.21.6. Termination after Time of Closing 7 4.22. Pension Plan for Employees 7 4.23. Actions to Satisfy Closing Conditions 7 4.24. Disclosure 7 4.25. Injunctions 7 4.26. Action by the Vendor 7 4.27. Competition Act 7 4.28. Bulk Sales Legislation and Provincial Legislation 7 4.29. Consignment Goods and Contractual Rights 7 4.30. [DATE] Financial Statements 7 4.31. Purchaser Radius Clauses 7 5. INDEMNIFICATION 7 5.1 Definitions 7 5.2 Indemnification by the Vendor 7 5.3 Indemnification by the Purchaser 7 5.4 Notice of and the Defense of Third Party Claims 7 5.5 Assistance for Third Party Claims 7 5.6 Settlement of Third Party Claims 7 5.7 Direct Claims 7 5.8 Failure to Give Timely Notice 7 5.9 Payment and Interest 7 5.10 Limitation 7 5.11 Rights in Addition 7 5.12 Survival 7 5.13 Subsequent Recovery 7 5.14 Subrogation 7 5.15 Letter of Credit 7 5.16 Notices to Escrow Agent 7 6. CONDITIONS PRECEDENT 7 6.1 Purchaser's Conditions 7 6.2 Accuracy of Representations and Performance of Covenants 7 6.3 Consents to Assignments 7 6.4 No Material Adverse Change 7 6.5 Litigation 7 6.6 Receipt of Closing Documentation 7 6.7 Non-Competition Agreement 7 6.8 Opinion of Counsel for Vendor 7 6.9 Approval of Board of Directors 7 6.10 Management Agreement 7 6.11 Space and Facilities Agreement 7 6.12 Trade Mark License Agreement 7 6.13 Trade Mark Assignment 7 6.14 Cancellation of Certain Agreements 7 6.15 Environmental Audit 7 6.16 Escrow Agreement 7 6.17 Minimum Number of Leases 7 6.18 Vendor's Conditions 7 6.18.1. Accuracy of Representations and Performance of Covenants 7 6.18.2. Litigation 7 6.18.3. Opinion of Counsel for Purchaser 7 6.18.4. Competition Act 7 6.18.5. Minimum Number of Leases 7 6.18.6. Approval of [SPECIFY] Board of Directors 7 6.18.7. Escrow Agreement 7 6.18.8. Management Agreement 7 6.19 Waiver 7 6.20 Failure to Satisfy Conditions 7 6.21 Destruction or Expropriation 7 7. POST CLOSING OPERATIONS 7 7.1 Failure to Obtain Consent to Assignment of Lease 7 7.1.1. If with respect of any Lease described in Schedule [SPECIFY], the Vendor is unable to obtain any necessary consent, substantially in form or forms approved or deemed approved pursuant to subsection 4.1.10, to the assignment thereof to the Purchaser as herein contemplated at the Time of Closing (a \"Non-Assignable Lease\"), then the Non-Assignable Lease shall not be assigned and the Purchaser shall, in accordance with the terms of a management agreement to be entered into by the parties at Closing, manage the Business as it is carried on at the location covered by the Non-Assignable Lease for the account of the Vendor provided that such agreement does not result in a violation of any Applicable [YOUR COUNTRY LAW] or result in the early termination of the Non-Assignable Lease. 7 7.2 Delivery of Space and Facilities Agreement 7 7.3 Release of Vendor from Lease Covenants 7 7.4 No Hiring of Employees 7 7.5 Access for Taxes 7 7.6 Volume Rebates 7 7.7 Remediation of Certain Outstanding Phase I Violations 7 8. GENERAL 7 8.1 Further Assurances 7 8.2 Time of the Essence 7 8.3 Expenses 7 8.4 Benefit of the Agreement 7 8.5 Entire Agreement 7 8.6 Amendments and Waiver 7 8.7 Assignment 7 8.8 Notices 7 8.9 Confidentiality 7 8.10 Governing [YOUR COUNTRY LAW] 7 8.11 Attornment 7 8.12 Counterparts 7 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Vendor, through its [COMPANY NAME], is in the [SPECIFY] business; AND WHEREAS the Vendor desires to sell and the Purchaser desires to purchase as a going concern the undertaking and substantially all of the assets relating to the business of the Vendor's [COMPANY NAME], upon and subject to the terms and conditions hereinafter set forth; NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the covenants and agreements herein contained the parties hereto agree as follows: INTERPRETATION Definitions In this Agreement, unless something in the subject matter or context is inconsistent therewith:","Asset Purchase Agreement For a Retail Business","71",671,"https://templates.business-in-a-box.com/imgs/1000px/asset-purchase-agreement_for-a-retail-business-D931.png","https://templates.business-in-a-box.com/imgs/250px/931.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#931.xml",{"title":6,"description":6},[180,181],{"label":33,"url":100},{"label":102,"url":103},"asset purchase agreement for a retail business","/template/asset-purchase-agreement-for-a-retail-business-D931",false,{"seo":186,"reviewer":198,"legal_disclaimer":202,"quick_facts":203,"at_a_glance":205,"personas":209,"variants":234,"glossary":261,"clauses":295,"how_to_fill":346,"common_mistakes":387,"faqs":412,"industries":440,"comparisons":457,"diy_vs_lawyer":470,"jurisdictions":483,"related_template_ids_curated":504,"schema":513,"classification":514},{"meta_title":187,"meta_description":188,"primary_keyword":189,"secondary_keywords":190},"Escrow Check Receipt Template (Free Word)","Free escrow check receipt template to document funds held in escrow. Covers deposit amount, conditions, parties, and release terms. Used in 190+ countries. Free Word and PDF download.","escrow check receipt template",[191,192,193,194,195,196,197],"escrow receipt template","escrow check receipt form","escrow deposit receipt","escrow receipt word template","real estate escrow receipt","escrow acknowledgment form","escrow funds receipt template",{"name":199,"credential":200,"reviewed_date":201},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":204,"legal_review_recommended":202,"signature_required":202,"notarization_required":184},"medium",{"what_it_is":206,"when_you_need_it":207,"whats_inside":208},"An Escrow Check Receipt is a legally binding document issued by an escrow agent or holder to confirm that a check or funds have been received and are being held in escrow pending the satisfaction of defined conditions. This free Word download gives you a structured, signable receipt you can edit online and export as PDF, covering the deposit amount, parties, escrow conditions, and release terms in a single clear record.\n","Use it any time an escrow agent receives a check or monetary deposit to hold on behalf of two or more parties — most commonly at the opening of a real estate transaction, a business acquisition earnest money deposit, or a dispute resolution escrow arrangement.\n","Identification of the escrow agent and all parties, the check amount and instrument details, the transaction or underlying agreement being secured, the specific conditions that must be met before funds are released, the release or disbursement procedure, and signature blocks for all parties acknowledging the terms.\n",[210,214,218,222,226,230],{"title":211,"use_case":212,"icon_asset_id":213},"Real estate agents and brokers","Acknowledging earnest money deposits received from buyers at offer acceptance","persona-real-estate-agent",{"title":215,"use_case":216,"icon_asset_id":217},"Escrow officers and title companies","Issuing formal receipts for checks received at escrow opening","persona-escrow-officer",{"title":219,"use_case":220,"icon_asset_id":221},"Business transaction attorneys","Documenting earnest money or deposit funds held during M&A due diligence","persona-attorney",{"title":223,"use_case":224,"icon_asset_id":225},"Small business owners","Securing a deposit in escrow during the sale or purchase of a business","persona-small-business-owner",{"title":227,"use_case":228,"icon_asset_id":229},"Property developers","Recording pre-sale deposits held in escrow before construction completion","persona-property-developer",{"title":231,"use_case":232,"icon_asset_id":233},"Contract disputes mediators","Holding disputed funds in escrow pending resolution of a contractual disagreement","persona-mediator",[235,239,242,246,250,253,257],{"situation":236,"recommended_template":237,"slug":238},"Acknowledging a cash or wire transfer deposit instead of a check","Escrow Deposit Receipt","escrow-check-receipt-D445",{"situation":240,"recommended_template":52,"slug":241},"Documenting the full escrow arrangement including conditions and timeline","escrow-agreement-D1173",{"situation":243,"recommended_template":244,"slug":245},"Recording funds released from escrow after conditions are met","Escrow Release Form","media-release-form-D12887",{"situation":247,"recommended_template":248,"slug":249},"Holding a security deposit for a residential or commercial lease","Security Deposit Receipt","receipt-for-lease-security-deposit-D1199",{"situation":251,"recommended_template":90,"slug":252},"Documenting earnest money in a real estate purchase offer","real-estate-purchase-agreement-D13234",{"situation":254,"recommended_template":255,"slug":256},"Recording a good-faith deposit during a business acquisition","Letter of Intent (Business Acquisition)","letter-of-intent-D12655",{"situation":258,"recommended_template":259,"slug":260},"Confirming receipt of funds into a third-party trust account","Trust Account Receipt","receipt-D395",[262,265,268,271,274,277,280,283,286,289,292],{"term":263,"definition":264},"Escrow","A financial arrangement in which a neutral third party holds funds or documents on behalf of two parties until specified conditions are satisfied.",{"term":266,"definition":267},"Escrow Agent","The neutral third party — typically a title company, attorney, or licensed escrow company — responsible for holding and disbursing the escrowed funds according to the agreed conditions.",{"term":269,"definition":270},"Earnest Money","A deposit made by a buyer to demonstrate serious intent to complete a transaction, held in escrow and typically applied to the purchase price at closing.",{"term":272,"definition":273},"Escrow Instructions","Written directions from the parties to the escrow agent specifying the conditions that must be met before funds are released or disbursed.",{"term":275,"definition":276},"Disbursement","The release of escrowed funds to the designated recipient after all conditions specified in the escrow instructions have been satisfied.",{"term":278,"definition":279},"Good Faith Deposit","A sum paid upfront to signal a buyer's genuine intent to complete a deal, held in escrow and typically forfeited if the buyer defaults without cause.",{"term":281,"definition":282},"Escrow Holder","The individual or entity physically holding the escrowed funds or instruments — may be the same as the escrow agent or a separate custodial party such as a bank.",{"term":284,"definition":285},"Release Conditions","The specific, defined events or milestones — such as financing approval, inspection clearance, or contract execution — that must occur before the escrow agent is authorized to disburse funds.",{"term":287,"definition":288},"Remitter","The party who issues and delivers the check or funds to be held in escrow — usually the buyer or depositing party.",{"term":290,"definition":291},"Forfeiture","The loss of the escrowed deposit by the depositing party due to a default, breach, or failure to satisfy a condition within the required time.",{"term":293,"definition":294},"Check Number / Instrument Details","The identifying information on the deposited check — including bank name, check number, date, and amount — recorded on the receipt to create an unambiguous paper trail.",[296,301,306,311,316,321,326,331,336,341],{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Parties identification","Names and identifies all parties involved — the remitter (depositing party), the beneficiary (receiving party), and the escrow agent or holder.","This Escrow Check Receipt is issued by [ESCROW AGENT NAME] ('Escrow Agent'), acknowledging receipt of funds from [REMITTER FULL NAME] ('Remitter') for the benefit of [BENEFICIARY FULL NAME] ('Beneficiary') in connection with [TRANSACTION DESCRIPTION].","Listing only the remitter and escrow agent without naming the beneficiary. If a disbursement dispute arises, the absence of a named beneficiary can make the receipt unenforceable as an escrow instrument.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Check and instrument details","Records the specific identifying information of the check received — check number, issuing bank, date on the check, and the exact dollar amount.","Escrow Agent hereby acknowledges receipt of Check No. [CHECK NUMBER], drawn on [BANK NAME], dated [DATE], in the amount of [DOLLAR AMOUNT] USD ([WRITTEN AMOUNT DOLLARS AND CENTS]).","Recording only the dollar amount without the check number and bank name. If the check is returned or disputed, there is no instrument-level evidence linking the receipt to a specific payment.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Underlying transaction reference","Identifies the transaction or agreement that the escrowed funds are associated with — the property address, purchase agreement date, or deal name — creating a clear link between the deposit and the deal.","These funds are received in connection with the Purchase and Sale Agreement dated [DATE] between [BUYER NAME] and [SELLER NAME] for the property located at [PROPERTY ADDRESS / TRANSACTION DESCRIPTION] ('the Transaction').","Omitting the transaction reference entirely and issuing a generic receipt. Without a clear link to the underlying deal, the receipt cannot be enforced as escrow documentation and may be treated as an unsecured acknowledgment of payment.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Escrow conditions","Specifies the conditions that must be satisfied before the escrow agent is authorized to disburse the funds — such as financing approval, satisfactory inspection, or execution of a final agreement.","The escrowed funds shall be held by Escrow Agent pending: (a) satisfaction of all conditions set forth in the Purchase Agreement; (b) written authorization from both Remitter and Beneficiary; or (c) a court order directing disbursement.","Leaving the conditions vague with language like 'pending completion of the transaction.' Without specific triggering conditions, the escrow agent has no objective standard for releasing funds, and disputes over timing become unavoidable.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Holding and investment of funds","States how the escrowed funds will be held — in a non-interest-bearing trust account, an interest-bearing account, or otherwise — and who receives any interest earned.","Escrow Agent shall hold the escrowed funds in a [non-interest-bearing / interest-bearing] trust account at [BANK NAME]. Any interest accrued shall be [credited to Remitter / credited to Beneficiary / retained by Escrow Agent as a fee].","Failing to specify whether the account bears interest and who receives it. In higher-value or longer-duration escrows, interest allocation disputes can be as contentious as the principal itself.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Release and disbursement procedure","Describes how and when funds will be released — the form of authorization required (written joint instruction, unilateral instruction, or court order) and the timeline for disbursement.","Upon satisfaction of the Release Conditions, Escrow Agent shall disburse the funds within [X] business days of receiving written joint disbursement instructions from both parties, or as directed by a final court order.","Requiring only one party's written instruction to release funds. Single-party release authority removes the core protection of the escrow structure and exposes the escrow agent to liability if the other party later disputes the disbursement.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Forfeiture and default","States what happens to the escrowed funds if the remitter defaults or fails to satisfy a condition — typically forfeiture to the beneficiary — and the process for asserting a forfeiture claim.","In the event Remitter defaults under the terms of the Transaction documents and fails to cure such default within [X] days of written notice, Escrow Agent shall disburse the escrowed funds to Beneficiary upon receipt of written demand and evidence of default.","No forfeiture clause at all. Without it, an escrow agent who receives competing disbursement demands from both parties has no contractual basis for releasing to either party and will typically interplead the funds into court — adding months and legal costs.",{"name":332,"plain_english":333,"sample_language":334,"common_mistake":335},"Escrow agent fees and liability","Discloses the escrow agent's fee, which party pays it, and limits the escrow agent's liability to acts of gross negligence or willful misconduct — protecting them from liability for good-faith actions taken under the receipt.","Escrow Agent's fee of $[AMOUNT] shall be paid by [REMITTER / BENEFICIARY / EQUALLY]. Escrow Agent shall not be liable for any action taken in good faith pursuant to these instructions except in cases of gross negligence or willful misconduct.","No liability limitation for the escrow agent. Without it, the escrow agent may decline to act on ambiguous instructions rather than risk liability — creating unnecessary delays at a critical point in the transaction.",{"name":337,"plain_english":338,"sample_language":339,"common_mistake":340},"Governing law and dispute resolution","Specifies which jurisdiction's law governs the receipt and how any disputes over the escrowed funds will be resolved — typically through interpleader, arbitration, or litigation in a named court.","This Receipt shall be governed by the laws of the State of [STATE]. Any dispute arising from or relating to this Receipt shall be resolved by [binding arbitration / litigation] in [COUNTY/STATE], and the prevailing party shall be entitled to recover reasonable attorneys' fees.","Omitting a governing law clause, particularly in cross-state or cross-border transactions. Without it, parties may dispute which jurisdiction's escrow laws apply, and the escrow agent is left without a clear legal framework for resolving disbursement conflicts.",{"name":342,"plain_english":343,"sample_language":344,"common_mistake":345},"Signatures and acknowledgment","Signature blocks for the escrow agent, remitter, and beneficiary confirming they have reviewed and agreed to the terms of the receipt, along with the date of execution.","By signing below, each party acknowledges receipt of a copy of this Escrow Check Receipt and agrees to be bound by its terms. Escrow Agent: _____________________ Date: _____. Remitter: _____________________ Date: _____. Beneficiary: _____________________ Date: _____.","Obtaining only the escrow agent's signature and treating the receipt as a unilateral acknowledgment. Without signatures from both the remitter and beneficiary, the agreed conditions and forfeiture terms are not binding on either transactional party.",[347,352,357,362,367,372,377,382],{"step":348,"title":349,"description":350,"tip":351},1,"Identify all parties with their full legal names","Enter the escrow agent's full legal name and license number (if applicable), the remitter's full legal name and contact details, and the beneficiary's full legal name. Use registered entity names for companies, not trade names or DBA designations.","Cross-check the remitter's name against the check itself — a name mismatch between the check and the receipt is a common source of processing delays and fraud flags.",{"step":353,"title":354,"description":355,"tip":356},2,"Record complete check instrument details","Enter the check number, the name of the issuing bank, the date printed on the check, and the exact dollar amount in both numerals and written form. Note any memo or reference line on the check.","If the check is a cashier's check or certified check, record that fact explicitly — it affects how quickly funds are available and how disputes are handled by the bank.",{"step":358,"title":359,"description":360,"tip":361},3,"Reference the underlying transaction","Identify the specific transaction the funds are securing — by agreement date, property address, deal name, or LOI reference number. A clear link to the underlying deal is what makes this a valid escrow receipt rather than a generic acknowledgment.","If the underlying agreement has not yet been fully executed, reference the draft or proposed transaction and plan to update the receipt once the agreement is signed.",{"step":363,"title":364,"description":365,"tip":366},4,"Define the release conditions precisely","List each specific condition that must be satisfied before funds are released — financing contingency clearance, inspection approval, execution of closing documents, or both parties' written consent. Avoid vague terms like 'completion of the deal.'","Number the conditions and use the same language as the underlying purchase or escrow agreement to prevent any interpretive gap between the two documents.",{"step":368,"title":369,"description":370,"tip":371},5,"State the holding account type and interest allocation","Specify whether funds will be held in an interest-bearing or non-interest-bearing trust account, the bank name, and who receives any interest earned. For transactions expected to close within 30 days, a non-interest-bearing account is standard.","In transactions over $100,000 or with a closing timeline exceeding 60 days, the interest allocation clause can represent real money — confirm with both parties before finalizing.",{"step":373,"title":374,"description":375,"tip":376},6,"Set the disbursement procedure and timeline","State whether disbursement requires joint written instruction from both parties or a court order, and specify how many business days after receiving instructions the escrow agent will disburse. Typically 1–3 business days is standard.","Include a wire transfer instructions addendum if disbursement will be made by wire rather than check — routing and account numbers should not appear in the body of the receipt itself.",{"step":378,"title":379,"description":380,"tip":381},7,"Include forfeiture terms and default notice procedure","Specify what constitutes a default by the remitter, how long the remitter has to cure after written notice, and what happens to the escrowed funds upon uncured default. Tie the definition of default directly to the underlying agreement.","Set the cure period to match the default cure period in the underlying purchase agreement — inconsistent timelines between documents create loopholes.",{"step":383,"title":384,"description":385,"tip":386},8,"Execute with signatures from all three parties","Obtain signatures from the escrow agent, the remitter, and the beneficiary — each with a printed name and date. Distribute fully executed copies to all three parties and retain the original in the escrow file.","If the beneficiary is not yet a party to the underlying agreement (e.g., a seller who has not countersigned), collect their signature on the receipt separately before funds are deposited.",[388,392,396,400,404,408],{"mistake":389,"why_it_matters":390,"fix":391},"Vague release conditions","When conditions are described broadly — 'upon closing' or 'when the deal is complete' — the escrow agent has no objective standard to apply. Competing interpretations by the parties routinely result in the escrow agent filing an interpleader action, freezing funds for months while a court sorts it out.","List each release condition as a numbered, specific, verifiable event — for example, 'receipt of mortgage lender's written commitment letter' or 'execution of the final purchase agreement by both parties.'",{"mistake":393,"why_it_matters":394,"fix":395},"Omitting the escrow agent's liability limitation","Without a liability cap, escrow agents may refuse to act on ambiguous or contested instructions to avoid personal exposure, creating a paralysis that delays closings and damages both parties.","Include a standard good-faith liability limitation clause protecting the escrow agent from liability for actions taken in accordance with the written instructions, except for gross negligence or willful misconduct.",{"mistake":397,"why_it_matters":398,"fix":399},"Single-party release authorization","Allowing either party alone to instruct the escrow agent to release funds defeats the purpose of the escrow structure and opens the escrow agent to liability if the other party disputes the disbursement.","Require joint written disbursement instructions from both the remitter and the beneficiary, with a court order or arbitration award as the fallback when parties cannot agree.",{"mistake":401,"why_it_matters":402,"fix":403},"No forfeiture or default clause","Without clear forfeiture language, a buyer who walks away from a transaction can argue they are entitled to a return of the deposit, leaving the seller with no contractual remedy and forcing litigation to establish entitlement.","Include an explicit forfeiture clause that defines default, sets a cure period with a written notice requirement, and authorizes the escrow agent to disburse to the beneficiary upon uncured default.",{"mistake":405,"why_it_matters":406,"fix":407},"Check details not recorded on the receipt","A receipt that records only the dollar amount — without the check number, bank name, and date — cannot be definitively tied to a specific instrument. If the check bounces or is disputed, there is no paper trail linking the receipt to the actual check.","Record check number, bank name, issue date, payee name, and amount in both figures and words. For wire transfers, record the wire reference number and originating bank.",{"mistake":409,"why_it_matters":410,"fix":411},"Missing beneficiary signature","An escrow receipt signed only by the remitter and escrow agent does not bind the beneficiary to the agreed conditions, forfeiture terms, or release procedure — leaving those provisions unenforceable against them.","Collect signatures from all three parties — remitter, beneficiary, and escrow agent — before the check is deposited into the escrow account.",[413,416,419,422,425,428,431,434,437],{"question":414,"answer":415},"What is an escrow check receipt?","An escrow check receipt is a signed legal document issued by an escrow agent to confirm that a check or monetary deposit has been received and is being held in escrow on behalf of two parties. It records the check details, the transaction being secured, the conditions for release, and the disbursement procedure. It creates a binding written record that protects all parties and gives the escrow agent a clear framework for holding and releasing the funds.\n",{"question":417,"answer":418},"Who issues an escrow check receipt?","The escrow agent issues the receipt — typically a licensed title company, an attorney acting as escrow holder, a licensed escrow company, or a real estate broker operating a regulated trust account. The receipt is signed by the escrow agent and, ideally, by both the remitter and the beneficiary. In most US states and Canadian provinces, escrow agents holding consumer real estate deposits must be licensed.\n",{"question":420,"answer":421},"Is an escrow check receipt legally binding?","An escrow check receipt is generally enforceable when properly executed by all parties and contains the essential elements — identified parties, instrument details, defined conditions, and a clear release mechanism. It is not a substitute for a full escrow agreement on complex or high-value transactions, but it functions as binding evidence of the escrow arrangement and the terms under which funds will be disbursed.\n",{"question":423,"answer":424},"What is the difference between an escrow check receipt and an escrow agreement?","An escrow check receipt acknowledges that a specific check has been received and identifies the basic terms of the hold. An escrow agreement is a more comprehensive document governing the entire escrow relationship — including detailed instructions, timelines, amendment procedures, and multi-phase release schedules. For straightforward deposits, a receipt is sufficient; for complex transactions with multiple conditions or disbursement phases, a full escrow agreement is more appropriate.\n",{"question":426,"answer":427},"What happens if the check deposited into escrow bounces?","If the escrowed check is returned for insufficient funds, the escrow agent will typically notify both parties immediately. In real estate transactions, a bounced earnest money check is generally treated as a failure to satisfy a condition of the purchase agreement and may give the seller the right to terminate. The escrow check receipt itself provides the paper trail confirming what check was presented, which is critical for documenting the default.\n",{"question":429,"answer":430},"Can the remitter get the escrow deposit back?","Whether the remitter can reclaim the deposit depends on the specific release conditions in the receipt and the underlying agreement. If the transaction fails due to a contingency the remitter had the right to exercise — such as a financing contingency or failed inspection — the deposit is typically returned. If the remitter defaults on a non-contingency obligation, the funds are typically forfeited to the beneficiary. The escrow check receipt's forfeiture clause controls this outcome.\n",{"question":432,"answer":433},"Does an escrow check receipt need to be notarized?","Notarization is not typically required for an escrow check receipt to be valid and enforceable in most US states, Canadian provinces, or UK jurisdictions. Signatures from all three parties — remitter, beneficiary, and escrow agent — combined with a date of execution are generally sufficient. However, for high-value transactions or in jurisdictions with specific escrow licensing and documentation requirements, consider consulting a local attorney to confirm local formalities.\n",{"question":435,"answer":436},"What should I do if the escrow agent and one party disagree on disbursement?","When the escrow agent receives conflicting disbursement instructions from the parties, they will typically refuse to release funds unilaterally. The standard legal remedy is interpleader — the escrow agent files a court action depositing the funds with the court and asking it to determine who is entitled to them. A well-drafted escrow check receipt with specific release conditions reduces this risk significantly by giving the escrow agent an objective disbursement standard to apply.\n",{"question":438,"answer":439},"How long can funds be held in escrow?","There is no universal maximum holding period — the receipt or underlying escrow agreement governs how long funds are held. In residential real estate, escrow periods typically run 15 to 60 days. In business acquisition or dispute-resolution escrows, funds may be held for months or years. The receipt should specify a long-stop date — a date by which either the conditions are met or the funds are returned or forfeited — to prevent an open-ended holding obligation for the escrow agent.\n",[441,445,449,453],{"industry":442,"icon_asset_id":443,"specifics":444},"Real Estate","industry-real-estate","Earnest money deposits on residential and commercial purchase agreements are the most common use case; state real estate commission rules often mandate specific trust account handling and receipt timing.",{"industry":446,"icon_asset_id":447,"specifics":448},"Mergers and Acquisitions","industry-mergers-acquisitions","Good-faith deposits and purchase price holdbacks during due diligence periods require escrow receipts tied to detailed LOI or purchase agreement conditions and may run for 90 to 180 days.",{"industry":450,"icon_asset_id":451,"specifics":452},"Legal and Dispute Resolution","industry-legal","Attorneys holding disputed funds in trust pending settlement or court order issue escrow receipts as evidence of receipt and to establish the terms governing disbursement from the trust account.",{"industry":454,"icon_asset_id":455,"specifics":456},"Construction and Property Development","industry-construction","Pre-sale deposits on off-plan or under-construction units are held in statutory escrow accounts in many jurisdictions, with receipts required under consumer protection or condominium acts.",[458,461,464,467],{"vs":52,"vs_template_id":459,"summary":460},"escrow-agreement-D444","An escrow agreement is a comprehensive governing document covering the entire escrow relationship — multi-phase releases, amendment procedures, detailed instructions, and timelines. An escrow check receipt is a transactional acknowledgment document confirming a specific check has been received and stating the basic release conditions. For simple single-deposit transactions, a receipt is sufficient; for complex multi-condition or multi-disbursement arrangements, a full escrow agreement is required.",{"vs":90,"vs_template_id":462,"summary":463},"real-estate-purchase-agreement-D390","A real estate purchase agreement governs the terms of the entire property transaction, including price, contingencies, closing timeline, and representations. An escrow check receipt is a narrower instrument that acknowledges the earnest money deposit and documents the escrow terms for that specific check. The receipt is typically issued under, and should reference, the purchase agreement.",{"vs":255,"vs_template_id":465,"summary":466},"letter-of-intent-business-D244","A letter of intent outlines the proposed terms of a business acquisition at a high level and may require a good-faith deposit. An escrow check receipt is the instrument that formally documents the receipt and holding of that deposit. The LOI creates the obligation; the receipt evidences its satisfaction and governs the return or forfeiture of the deposit.",{"vs":248,"vs_template_id":468,"summary":469},"D{SECURITY_DEPOSIT_RECEIPT_ID}","A security deposit receipt acknowledges funds held as security against damage or lease default — it is a landlord-tenant instrument with return conditions tied to the lease's end. An escrow check receipt is used for transactional deposits in deals that may or may not close, with conditions tied to the transaction milestones rather than lease compliance. The legal frameworks governing each differ significantly across jurisdictions.",{"use_template":471,"template_plus_review":475,"custom_drafted":479},{"best_for":472,"cost":473,"time":474},"Standard real estate earnest money deposits and routine business transaction deposits under $50,000 with clearly defined release conditions","Free","15–20 minutes",{"best_for":476,"cost":477,"time":478},"Deposits over $50,000, cross-jurisdictional transactions, or receipts where the release conditions are complex or contested","$200–$500 for a one-hour attorney review","1–2 days",{"best_for":480,"cost":481,"time":482},"High-value M&A deposits, multi-party escrow arrangements, or transactions in heavily regulated industries where escrow licensing requirements must be embedded in the document","$800–$3,000+","3–7 days",[484,489,494,499],{"code":485,"name":486,"flag_asset_id":487,"note":488},"us","United States","flag-us","Escrow handling is regulated at the state level. In California, escrow companies must be licensed under the California Escrow Law; in Texas and Florida, real estate brokers may hold escrow in regulated trust accounts. Most states require earnest money to be deposited within a specified number of business days of contract execution — typically 1 to 3 business days. Mishandling escrow funds is a licensing violation and can constitute conversion or fraud.",{"code":490,"name":491,"flag_asset_id":492,"note":493},"ca","Canada","flag-ca","Real estate deposit funds are regulated provincially. In Ontario, deposits must be held in a real estate broker's trust account under the Trust in Real Estate Services Act. In British Columbia, the Real Estate Services Act governs trust fund handling. Lawyers acting as escrow agents are subject to Law Society trust accounting rules. Quebec notaries commonly serve as escrow agents in immovable property transactions.",{"code":495,"name":496,"flag_asset_id":497,"note":498},"uk","United Kingdom","flag-uk","Formal escrow arrangements are less common in standard UK residential conveyancing, where exchange deposits are held by solicitors as stakeholders or agents. In commercial real estate and M&A transactions, escrow accounts held by solicitors or licensed escrow providers are standard. Solicitors holding client money are regulated by the Solicitors Regulation Authority's Accounts Rules, and any receipt must comply with those requirements.",{"code":500,"name":501,"flag_asset_id":502,"note":503},"eu","European Union","flag-eu","Escrow practices vary widely by member state. In Germany, notaries (Notare) commonly hold transaction deposits in trust accounts and issue formal receipts under notarial supervision. In France, fonds de garantie rules apply to real estate deposits. Across the EU, escrow arrangements involving consumer transactions may also trigger consumer protection obligations under EU Directive 2011/83/EU, and any receipt must be in the language of the consumer's member state where required.",[241,252,256,505,506,507,508,509,510,260,511,512],"bill-of-sale-D1229","non-disclosure-agreement-nda-D12692","promissory-note-D434","asset-purchase-agreement-for-a-retail-business-D931","exclusive-lease-agreement-D12808","demand-letter-D13262","wire-transfer-instructions-form-D302","settlement-agreement-D916",{"emit_how_to":202,"emit_defined_term":202},{"primary_folder":100,"secondary_folder":515,"document_type":516,"industry":517,"business_stage":518,"tags":519,"confidence":524},"transfers-terminations-and-releases","form","general","all-stages",[520,521,522,523],"payment","legal","escrow","receipt",0.85,"\u003Ch2>What is an Escrow Check Receipt?\u003C/h2>\n\u003Cp>An \u003Cstrong>Escrow Check Receipt\u003C/strong> is a legally binding document issued by an escrow agent to formally acknowledge that a check or monetary deposit has been received and is being held in escrow on behalf of two transactional parties. It records the specific check instrument details — check number, issuing bank, date, and amount — identifies all parties to the escrow arrangement, references the underlying transaction being secured, and sets out the conditions under which the funds will be released or forfeited. Unlike a general payment receipt, an escrow check receipt creates a three-party obligation: it defines what the escrow agent may and may not do with the funds, and it binds both the depositing party and the beneficiary to the agreed release terms.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly executed escrow check receipt, a deposited check is nothing more than a payment with no agreed conditions attached to it. There is no documented basis for the escrow agent to hold the funds, no written standard for when they must be released, and no enforceable forfeiture clause if the depositing party walks away. In a real estate transaction, that means an earnest money dispute becomes a credibility contest rather than a contract interpretation — and the escrow agent, facing competing demands with no written instructions, will typically interplead the funds into court, freezing them for months while legal fees accumulate on both sides. In a business acquisition, an undocumented deposit can be recharacterized as a simple prepayment rather than a good-faith deposit, stripping the beneficiary of their forfeiture remedy. This template gives every party — the depositor, the seller or counterparty, and the escrow agent — a clear, signed record of what was received, under what conditions it is held, and precisely how it will be disbursed, eliminating the ambiguity that turns routine closings into expensive disputes.\u003C/p>\n",1781186016746]