An escrow account agreement is a legal document that outlines the responsibilities of an escrow agent or custodian to hold funds in trust until all agreed-upon conditions are met before releasing the funds. The escrow account agreement typically outlines the roles and duties of the parties involved, including the legal requirements for establishing and managing an escrow account. By signing an escrow account agreement, all parties agree to adhere to the terms of the document—ensuring that any funds held in escrow will be transferred safely and securely according to established guidelines.