Escrow letter: share purchases | Practical Law

Escrow letter: share purchases | Practical Law

A letter from the parties to a share purchase agreement (SPA) jointly instructing their solicitors as escrow agents concerning the operation of an escrow account opened to hold part of the purchase price for the shares for an agreed period following completion to meet the seller's potential liability for warranty and indemnity claims under the SPA.

Escrow letter: share purchases

Practical Law UK Standard Document 1-515-9490 (Approx. 21 pages)

Escrow letter: share purchases

Maintained, England, Wales
A letter from the parties to a share purchase agreement (SPA) jointly instructing their solicitors as escrow agents concerning the operation of an escrow account opened to hold part of the purchase price for the shares for an agreed period following completion to meet the seller's potential liability for warranty and indemnity claims under the SPA.