An Escrow Agent Agreement is an agreement between an escrow agent, the person or company that provides escrow services, and the user of the escrow services. The agreement outlines the parameters of a transaction in which the escrow agent holds money, documents, or other items related to the transaction on behalf of two parties — a buyer and seller — until certain conditions are met. By holding these items, the escrow agent ensures that both parties fulfill their obligations and no one “walks away” with money or property they are not entitled to. With Escrow Agent Agreements, buyers, sellers and all involved parties can rest assured that transactions are performed according to industry standards and the law.