THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY⚖️ LEGAL NUGGETS ESCROW -Escrow is the use of a third party, which holds an asset or funds before they are transferred from one party to another. -The third-party holds the funds until both parties have fulfilled their contractual requirements. - Escrow is associated with real estate transactions, but it can apply to any situation where funds will pass from one party to another. Other contexts that use escrow include Internet transactions, banking, intellectual property, real estate, mergers and acquisitions, and law, and many more. FROM THE DIRECTORATE OF LITIGATION AND RESEARCH.
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