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RED DEER COUNTY · E-2 FIELD GUIDE

Which version of the escrow agreement should be reviewed?

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THE DIRECT ANSWER

Provide the actual current version and identify whether it is proposed, signed or funded. Preserve earlier versions where they explain a material change.

Identify the condition that still prevents completion

A reviewer needs to know who holds the money and who may reclaim or release it. If those rights remain under negotiation, say so. Properly structured visa-contingent escrow may qualify, but a draft labelled escrow does not prove committed capital or an acceptable final structure.

The money stack traces every dollar from a lawful origin to the escrow account: sale agreements for assets liquidated, tax filings reporting the proceeds, loan agreements and security documents for anything borrowed, and consecutive bank statements with no unexplained gaps. Gather the property deed, acquisition record, mortgage payoff, sale contract, closing statement, co-owner allocation agreement, tax records where relevant, bank statements for every transfer, and the business purchase or escrow documents. Ask for the articles or formation documents, the current ownership register, titles and financing statements for vehicles and equipment, the premises lease with any landlord consent to assignment, the customer or service-maintenance contracts and their change-of-control clauses, and any insurance certificates and bonding.