Escrow Agreement for Sale of Goods

ESCROW AGREEMENT FOR SALE OF GOODS Agreement made _____________ (date), between _________________________, of ____________________________ (address), ___________ (city), _________ (county), _________ (state), in this agreement referred to as assignor, _____________________, of __________________________ (address), ______________ (city), _____________ (county), _______ (state), in this agreement referred to as assignee, and ____________, of ___________________________ (address), ________________ (city), __________ (county), _______________ (state), in this agreement referred to as escrow agent. SECTION ONE: UNDERLYING AGREEMENT Assignor entered into an agreement with _______________________________, of _________________________ (address), ________________ (city), __________ (county), __________________ (state), buyer, on ________________ (date), for the purchase from assignor of __________ (quantity) ___________________________ (type of goods) for __________ Dollars ($__________). The agreement required the goods to comply with the following specifications: ___________________________ ____________________________________________________________________. The goods were to be delivered according to the following schedule: _____________ ____________________________________________________________________. SECTION TWO: DELEGATION OF PERFORMANCE Assignor delegated to assignee on __________ (date), the performance of the obligations of assignor under the sales agreement. SECTION THREE: ASSURANCE OF PERFORMANCE REQUIRED Assignor must furnish assurance of performance on ________________ (date), as demanded by buyer. SECTION FOUR: DEPOSIT IN ESCROW Assignor shall deposit with escrow agent the amount of ________________ Dollars ($__________) on the following terms of escrow: __________________________ __________________________________________________________________. SECTION FIVE: PURPOSE OF ESCROW Assignors deposit shall be held by the escrow agent for the purpose set forth above. In witness whereof, the parties have executed this agreement at ________________ (designate place of execution) the day and year first above written. _____________________________________________ Signature _____________________________________________ Signature