Escrow Suatu Perjanjian Pengantaran

Pandika, Rusli

LAW REVIEW
Vol 1, No 3 (2002)

Escrow is an agreement to establish an impartial and trustworthy intermediary to collect,  to clarify and to keep documents, commercial paper, valuable goods and/or money to be  hand over to the party or parties in accordance with the conditions set forth in the escrow agreement. Escrow may take a substantial role to support the implementation of various transactions. Indonesian contract law is accommodative to the formation of an escrow-like agreement. The functions and purposes of escrow are substantially acceptable to Indonesian legal system.