The buyer and the seller agree before opening the account, which involves the terms and conditions of the buying and selling assets. This agreement is the “Escrow agreement”. After reviewing and signing the agreement, the buyer deposits the amount to the escrow account. The escrow agent verifies and validates the receipt to both parties. The escrow agent regularly monitors the buyer’s account to confirm whether or not the buyer is paying the seller as per the agreed process.

Subject to the positive response from both parties, the assets under the escrow agent’s control are released at the agreed event or time.

If there is any disagreement between the two parties, the escrow account in India will move to dispute resolution. The outcome process of the dispute resolution decides what to do with the escrow funds.