Escrow Contract is a trilateral legal relationship in which the parties are main parties (contractor-contractee, buyer-seller, depositor-beneficiary etc.) and Escrow Agent. According to this relationship, the transferor undertakes to deliver something or to perform a job in return for this beneficiary/transferee is obliged to pay the agreed price. The role of the Escrow Agent in this relationship is to ensure that the payments are made or assets are deposited when the contract conditions are met.
