SYSTEM AND METHOD FOR FORMING, MANAGING AND EXECUTING AN ESCROW AGREEMENT RELATED TO AN EMPLOYMENT CONDITION

摘要

A method and system are provided that enable the negotiation, formation, monitoring, documentation and performance of an escrow agreement related to an employment condition. The escrow agreement may be managed and fulfilled by an escrow service. A first party may offer an agreement to a second party wherein the escrow agreement offers consideration to the second party in return for a performance by a third party related to an employment condition. The first party and second party may negotiate, modify and form the escrow agreement by means of an information technology network, such as the Internet or a telephony network. One or more escrow payments may be delivered to one or more parties while an aspect of employment as stipulated in the escrow agreement is maintained or provided by the third party. The escrow payments may be of varying or different values.