A better type of Escrow Service
with Rivalz Investments
What is the purpose of the money escrow service?
The escrow service is intended to increase the confidence and trust that contract parties shall duly do what has already been agreed upon.
Depositing money in escrow
Lawyer's escrow services
The lawyer's escrow service is intended to increase the confidence and trust that contract parties shall duly do what has already been agreed upon. The lawyer's escrow service for money or important documents is also used by our clients in situations where they need to protect their money for a variety of reasons (theft, another person, for the case of death), although they are not a party to a specific contractual relationship. The lawyer's escrow service is governed by the resolution of the Board of the United Kingdom Bar Association.
Depositing money in escrow
Lawyer's escrow services
The lawyer or law office (escrower) acts as an independent third party that takes money or other valuables into custody, which are the subject of a certain contractual relationship – such as purchase or sale of real estate – until the time of the fulfillment of the agreement. Thus the escrow allows planning your transaction without any fear if you are not sure that the counter-party properly fulfills the contract.
Money or valuables put in the lawyer's escrow will only be paid upon the fulfillment of the respective consideration. If the obligation of the counter-party is not fulfilled, the money is returned by the lawyer to the party that deposited it into the escrow. This procedure therefore increases the confidence and trust of the parties in the contractual relationship.
Advantages of the lawyer's escrow service
Compared with similar notarial or bank services, the lawyer’s escrow service is more advantageous for our clients in terms of costs. The whole process of arranging the escrow is also less formal (a contract can even be concluded remotely), and the escrow can even easily be carried out in relation to non-standard agreements between the parties. Other reasons for using our lawyer's escrow services include:
- Prepared detailed written escrow agreement;
- Special dedicated bank accounts and safekeeping in bank vaults;
- Insurance of the lawyer;
- Secrecy;
- Responsibility;
- We provide services in Slovak, English, German and Russian;
- Lower costs in comparison with the notarial escrow service.
Advantages of the lawyer's escrow service
The lawyer's escrow service is mainly used for depositing money or documents in connection with:
- Sale, purchase or donation of real estate;
- Settlement of marital property;
- Settlement of shares in common ownership;
- As part of business relationships;
- Escrow of important family or business documents, securities;
- Protection of money against another person;
- Protection of money against theft;
- Protection of money for the case of death;
- Protection of money for other reasons.
Our Services
Overview of services offered by Rivalz Investments
- Escrow of money in connection with the sale and purchase of real estate;
- Escrow of money in connection with the settlement of marital property;
- Escrow of money in connection with the settlement of joint ownership of shares;
- Escrow of money for their protection against another person;
- Escrow of money in the case of death;
- Escrow of money to protect them against theft;
- Escrow of money for other reasons;
- Escrow of money in connection with business relationships;
- Escrow of software source codes;
- Escrow of documents;
- Escrow of securities.
Contact us
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