CONDITIONED DEPOSITING AGREEMENT (ESCROW AGREEMENT) AND PROPERTY DEPOSITING WITH THE NOTARY

The article is devoted to the correlation between the conditioned depositing agreement (escrow agreement) and the institution of depositing property at the notary’s. The mechanism of depositing money or securities payable by a debtor with the notary is also considered in terms of differentiation of the mechanism from both the escrow agreement and depositing of movable things, non-cash funds or non-documentary securities with the notary. The purpose of the work is to identify the similarities and differences between the contract of conditioned depositing of property and the depositing of property by a notary. The results obtained provide for an opportunity to handle the issues associated with the limits of the subsidiary application of legal norms covering the escrow agreement in regard to relations arising with depositing property at the notary’s.