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An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company. Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released .
A registered agent is a person or entity, designated in the articles of incorporation / organization, who can accept legal documents and notifications from a state office on behalf of a corporate entity. All corporations and Limited-Liability Companies (LLCs) must choose a person or entity to act as their registered agent. There are few restrictions regarding who can be a registered agent other than that the person or entity must be located and available at a physical street address within the state during normal business hours. It is important that you select a reliable company when choosing your registered agent.
Mediation is an opportunity for the parties to work together with the assistance of a neutral third-party to develop their own resolution of the dispute. The parties remain responsible for designing their own solution. The mediator(s) does not make a binding decision for the parties, but seeks to assist the parties in reaching a mutually agreeable resolution of the dispute.
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