Retention account: instructions to escrow bank: acquisitions | Practical Law
https://content.next.westlaw.com/practical-law/document/I33f105cae8cd11e398db8b09b4f043e0/Retention-account-instructions-to-escrow-bank-acquisitions?viewType=FullText&transitionType=Default&contextData=(sc.Default)
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.
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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
by
Practical Law Corporate
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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.