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Categories faq: Dispute Resolution Escrow

How does Escrow in Dispute Resolution work?

The process of Escrow in Dispute Resolution typically follows these steps:

The parties to the dispute agree to use an escrow service.

The parties deposit the disputed item with the escrow agent.

The escrow agent holds the item until the dispute is resolved.

The escrow agent releases the item to the party who is entitled to it.

What is Escrow in Dispute Resolution?

Escrow in Dispute Resolution is a service that allows two parties to resolve a dispute without going to court. The parties agree to put the disputed item into escrow with a third party, called an escrow agent. The escrow agent holds the item until the dispute is resolved, at which point they release it to the party who is entitled to it.