Bulk Sale Escrow Agreement


A Bulk Sale Escrow Agreement is an agreement whereby unsecured creditors force a business to give a portion of the sale proceeds from an asset sale to an escrow agent. The escrow agent holds the portion of the proceeds typically in an interest bearing account until the sale is final and then gives the funds to creditors. The Bulk Sale Escrow Agreement legally evidences the agreement and should be used by your company as needed.

SOURCE: Bulk Sale Escrow Agreement