Retention account: instructions to escrow bank: acquisitions | Practical Law

Retention account: instructions to escrow bank: acquisitions | Practical Law

A letter of instruction from escrow agents (in this case the parties' solicitors) to the escrow bank concerning the operation of an escrow account (also known as a retention account) opened in connection with a share or asset purchase transaction.

Retention account: instructions to escrow bank: acquisitions

Practical Law UK Standard Document 5-102-5907 (Approx. 9 pages)

Retention account: instructions to escrow bank: acquisitions

Maintained, England, Wales
A letter of instruction from escrow agents (in this case the parties' solicitors) to the escrow bank concerning the operation of an escrow account (also known as a retention account) opened in connection with a share or asset purchase transaction.