Escrow Agreement for Shares

Prepare an Escrow Agreement for Shares pursuant to a purchase and sale transaction with this template form. Under the terms of the escrow, the purchaser agrees to deposit the shares with the trustee until the full amount of the purchase price has been paid to the seller. Provisions include:

• Any dividends declared on the shares will be paid to the purchaser while the shares are in escrow.
• Actions to be taken by the trustee in the event of a dispute between the purchaser and seller.
• The trustee is to act as a depositary only, and has no liability other than for its own gross negligence or default.
• The other parties indemnify the trustee against claims or damages.
• The trustee will hold the shares until receipt of a joint order from the other parties to release the shares.

This Escrow Agreement for Shares is a downloadable MS Word document which can be easily customized to fit your circumstances.