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Escrow service may be a legal arrangement, which an asset that might be money or property such as art, a deed of title, web site or software source code is given to a third party to be held in trust. Escrow service might hold on to the trust pending a contingency or the fulfillment of a condition or conditions in a contract. Escrow agent may deliver the property after all agreements are fulfilled otherwise the agent may keep the property until all conditions are fulfilled. People may equate escrow services with real estate transactions; but escrow services may also transfer high value personal and business property.
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