Understanding the Escrow Payments Contracts

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This Skill Bit talks about Escrow payment contracts, which use a neutral third party to hold funds securely until specific conditions are met. Effective management requires clear contracts, impartial escrow agents, quality assurance, and open communication. Escrow is valuable for secure transactions across industries.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.