Lawyer's Escrow Services

The lawyer’s escrow service is intended to increase the confidence and trust that contract parties shall duly do what has already been agreed upon. The lawyer’s escrow 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. The lawyer’s escrow service is governed by the resolution of the German Federal Bar (Bundesrechtsanwaltskammer, BRAK, https://www.brak.de/).

The lawyer or law office (escrower) 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 goods – until the time of the fulfilment of the agreement. Thus the escrow allows planning your transaction without any fear if you are not sure that the counterparty properly fulfils the contract.

Money or valuables put in the law firm’s or lawyer’s escrow will only be paid upon the fulfilment of the respective consideration. If the obligation of the counterparty is not fulfilled, the money is returned by the lawyer 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 lawyer’s escrow service is more advantageous for our clients in terms of costs. The whole process of arranging the escrow is also less formal (a contract can even be concluded remotely), and the escrow can even easily be carried out in relation to non-standard agreements between the parties. Other reasons for using our lawyer’s escrow services include:

Prepared detailed written escrow agreement;
Special dedicated bank accounts and safekeeping in bank vaults;
Insurance of the lawyer;
Secrecy;
Responsibility;
We provide services in English, Spanish and German;
Lower costs in comparison with the notarial escrow service.

Sale, purchase or donation of goods;
Settlement of marital property;
Settlement of shares in common ownership;
As part of business relationships;
Escrow of important family or business documents, securities;
Protection of money against another person;
Protection of money against theft;
Protection of money for the case of death;
Protection of money for other reasons.

Escrow of money in connection with the sale and purchase of goods online;
Escrow of money in connection with the sale and purchase of real estate;
Escrow of money in connection with the settlement of marital property;
Escrow of money in connection with the settlement of joint ownership of shares;
Escrow of money for their protection against another person;
Escrow of money in the case of death;
Escrow of money to protect them against theft;
Escrow of money for other reasons;
Escrow of money in connection with business relationships;
Escrow of software source codes;
Escrow of documents;
Escrow of securities.

Implementation of the lawyer’s escrow service is a common service provided by Scopus Law Firm to its clients and therefore the procedure and implementation of the escrow service is straightforward:

1. Contact our office:

Phone tel: +49 (0)157 72782658
Email: kontakt@scopuslegal.de
The online form

2. Indicate what specific escrow service you need:

Escrow of money in connection with the sale, purchase or donation of goods;
Escrow of money for other reasons;
Escrow of money within business relationships;
Escrow of SW source codes;
Escrow of documents or securities.

3. We will contact you soon:

You will obtain a quote or we will need to clarify some issues related to the selected escrow service, based on which we will detail the various conditions according to your requirements.

4. Acceptance of mutual conditions for the lawyer’s escrow service

5. We will send you a draft escrow agreement, which will include the specific conditions of escrow according to your requirements

6. Implementation of the lawyer’s escrow

Price for the escrow of money:

Amount from €0 to €10,000 – Escrow fee €276
Amount from €10,000.01 to €25,000 – Escrow fee €411
Amount from €25,000.01 to €40,000 – Escrow fee €519
Amount from €40,000.01 to €55,000 – Escrow fee €689
Amount from €55,000.01 to €100,000 – Escrow fee €997
Amount over €100,000.01 – Escrow fee €1,357

Prices include VAT

Remuneration for the escrow of securities and documents shall be set out individually.