{"id":4776,"date":"2015-08-27T14:37:24","date_gmt":"2015-08-27T18:37:24","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=4776"},"modified":"2015-08-27T15:26:03","modified_gmt":"2015-08-27T19:26:03","slug":"lawyer-trust-account-a-great-alternative-to-escrow","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/lawyer-trust-account-a-great-alternative-to-escrow\/","title":{"rendered":"Lawyer Trust Account : A great alternative to escrow"},"content":{"rendered":"

Experienced domain investors actively engaging in sizable sales and acquisitions utilize the services of an established escrow service, such as Escrow.com.<\/a><\/strong><\/p>\n

The use of an escrow service ensures that both parties engage in and fulfill their part of the agreement – exchanging domains for money.<\/p>\n

There are times when using the services of an escrow is not required, particularly when the exchange involves custom sales agreements, an NDA or other functions as provided by a lawyer or law firm.<\/p>\n

With that in mind, it’s very convenient to use the Lawyer’s Trust Account<\/strong> to retain the funds of the domain transaction for a reasonably short period of time.<\/p>\n

These accounts are maintained by the law offices using a strict set of rules.<\/p>\n

They cannot be used to withdraw money for attorney commissions or other functions. A lawyer’s trust account is essentially a safe deposit box that safeguards money for a client.<\/p>\n

Thus, maintaining an ongoing relationship with your IP attorney is important for one more reason: you can use the trust account as part of a transaction that utilizes their services, thus incorporating the safety of an escrow while reducing your overall fees.<\/p>\n

As long as the other party is in agreement – especially since it’s at no cost to them<\/em> – a lawyer’s trust account can be a great alternative to escrow, when domain sales are sizable or when a custom contract is required for the exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

Experienced domain investors actively engaging in sizable sales and acquisitions utilize the services of an established escrow service, such as Escrow.com. The use of an escrow service ensures that both parties engage in and fulfill their part of the agreement – exchanging domains for money. There are times when using the services of an escrow […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1189,133,1197],"class_list":["post-4776","post","type-post","status-publish","format-standard","hentry","category-domains","tag-domains","tag-escrow","tag-lawyer-trust-account","entry"],"yoast_head":"\nLawyer Trust Account : A great alternative to escrow - Acro.net - A Domain Investing Blog by Theo Develegas<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/lawyer-trust-account-a-great-alternative-to-escrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lawyer Trust Account : A great alternative to escrow - Acro.net - A Domain Investing Blog by Theo Develegas\" \/>\n<meta property=\"og:description\" content=\"Experienced domain investors actively engaging in sizable sales and acquisitions utilize the services of an established escrow service, such as Escrow.com. 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