Holding Escrows are any escrow transactions that do not involve the sale or transfer of real property and do not fall under the requirements of a “Bulk Sale.” In a holding escrow transaction, Hollywood Escrow will act as a neutral third-party who will hold funds pursuant to a written agreement by parties. Hollywood Escrow customizes each Holding Escrow Agreement to ensure that it to meets the specific needs of our clients. The Holding Escrow Agreements contain all the material terms to hold the funds, the conditions precedent to the release of the funds, notice requirements, and the proper identification of the parties on each escrow.
Examples of Holding Escrow transactions handled by Hollywood Escrow are:
- Business Interest Transfer Escrows
- Relocation Escrows
- Entertainment Escrows
- Surrogacy and Egg Donation Escrows
- Receivership Escrows
- EB-5 Escrows