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

What are the different types of escrow accounts for franchising?

There are two main types of escrow accounts for franchising:

Non-judicial escrow accounts: These accounts are typically used for smaller transactions. The funds in a non-judicial escrow account are held by a third party, who is not a court.
Judicial escrow accounts: These accounts are typically used for larger transactions. The funds in a judicial escrow account are held by a court, which provides an additional layer of protection for both the franchisor and the franchisee.