Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How can a business ensure that it is receiving fair and reasonable terms from the escrow agent?

When a business uses an escrow agent, it is important to ensure that the terms of the agreement are fair and reasonable. One way to do this is to use a reputable and trustworthy escrow service provider, such as Castler’s Digital Identifier system. This system provides a secure and transparent platform for businesses to conduct transactions and ensures that all parties involved are protected.

To ensure fair and reasonable terms, businesses should carefully review the escrow agreement and negotiate any terms that are not acceptable. They should also ensure that the escrow agent is licensed and regulated by the appropriate authorities and has a good reputation in the industry. Additionally, businesses should consider using an independent third-party to review the terms of the agreement and provide advice on any potential risks or issues.

Overall, by using a reputable escrow service provider and taking the necessary steps to review and negotiate the terms of the agreement, businesses can ensure that they are receiving fair and reasonable terms from the escrow agent.