The service is intended to increase the confidence and trust that contract parties shall duly do what has already been agreed upon.
The EPW’s administrative service is intended to increase the confidence and trust that contract parties shall duly do what has already been agreed upon. The administrative 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.
EPW 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 our services 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 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 EPW to the party that deposited it into the escrow. This procedure therefore increases the confidence and trust of the parties in the contractual relationship.
Compared with similar notarial or bank services, the our administrative service is more advantageous for our clients in terms of costs. The whole process of arranging the services is also less formal (a contract can even be concluded remotely), and it can even easily be carried out in relation to non-standard agreements between the parties. Other reasons for using our lawyer’s services include:
- Prepared detailed written agreement;
- Special dedicated bank accounts and safekeeping in bank vaults;
- Insurance of the lawyer;
- Lower costs in comparison with the notarial service.
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