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

How can a business negotiate favorable terms with its escrow agent?

When a business decides to use an escrow service, it is important to negotiate favorable terms with the escrow agent to ensure that the business’s interests are protected. One way to negotiate favorable terms is to research and compare different escrow services to find the one that offers the best terms and fees. It is also important to clearly communicate the business’s needs and expectations to the escrow agent and to ask questions about the process and any potential risks. The business should also review the escrow agreement carefully and negotiate any terms that are not favorable or that do not align with the business’s goals. Additionally, the business should consider working with an escrow service that offers additional services, such as dispute resolution or fraud protection, to further protect its interests. By negotiating favorable terms with its escrow agent, a business can ensure that its transactions are secure and that its interests are protected throughout the process.