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Categories faq: Contract Manufacturing_UseCase

What are the different types of release triggers?

There are many different types of release triggers that can be used in escrow agreements. Some common release triggers include:

Payment: The assets can be released from escrow once the customer has paid the manufacturer.
Completion of production: The assets can be released from escrow once the manufacturer has completed production of the products.
Acceptance of the products: The assets can be released from escrow once the customer has accepted the products.
Termination of the contract: The assets can be released from escrow if the contract is terminated.

How do I choose an escrow agent?

When choosing an escrow agent, it is important to consider the following factors:

Experience: The escrow agent should have experience in contract manufacturing escrow.
Reputation: The escrow agent should have a good reputation.
Cost: The escrow agent should be affordable.
Services: The escrow agent should offer the services you need.

What are the different types of escrow agents?

There are two main types of escrow agents:

Banks: Banks often offer escrow services as part of their financial services offerings.
Escrow companies: Escrow companies specialize in providing escrow services.

What are the steps involved in setting up escrow in contract manufacturing?

The steps involved in setting up escrow in contract manufacturing vary depending on the type of escrow being used. However, the general steps include:

Choosing an escrow agent.
Negotiating the terms of the escrow agreement.
Depositing the assets into escrow.
Appointing a release trigger.
Releasing the assets from escrow.