Escrow Services Agreement (Genie AI)

The Escrow Services Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for the provision of escrow services by Genie AI, a third-party service provider, in accordance with the laws and regulations of the United States. This agreement establishes the framework for the secure handling and management of funds, assets, or documents during a transaction between two parties, where Genie AI acts as an independent custodian. It sets out the responsibilities and obligations of Genie AI, the depositor, and the beneficiary involved in the escrow transaction. The agreement covers areas such as deposit and release of escrowed funds, deadlines, dispute resolution procedures, fees, and liabilities. It provides a legally binding contract that ensures transparency, confidentiality, and adherence to the legal and regulatory requirements governing escrow services in the United States.