This Escrow Closing Agreement is a form of escrow agreement used in connection with the closing of a purchase and sale of commercial real estate transaction. This Standard Document sets out the terms and conditions by which the parties exchange escrow closing documents and funds that an escrow agent will hold in trust until closing and then distribute those documents and funds after closing if the transaction closes or return them to the sender if the transaction does not close. It aims to be reasonable and includes provisions commonly included in many escrow agreements. This Standard Document has integrated Drafting Notes with important explanations and drafting and negotiating tips.