Release Of Earnest Money Agreement Form

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Escrow File Number: ____________________
RELEASE OF EARNEST MONEY AGREEMENT
This Release of Earnest Money Agreement (the “Agreement”) is entered into by and between the undersigned
Buyer(s) and Sellers(s) with respect to certain real property located at _________________________________,
County of ___________________, State of Utah.
RECITALS
A. Buyer and Seller have entered into a Real Estate Purchase Contract (the “Contract”) dated the __________
of _____________, 20__.
B. ______________________ (the “Company”) has been requested to perform escrow services with respect
to the Contract and has been requested to hold the earnest money deposit in the amount of
$______________ (the “Deposit”), which was delivered by or for the Buyer to the Company in connection
with the Contract.
C. Buyer and Seller desire that the Company release the Deposit in accordance with the terms and conditions
of this Agreement.
NOW THEREFORE, Buyer and Seller do hereby agree as follows:
1.
The Deposit shall be released and disbursed by the Company to __ Buyer __ Seller on the _____ day of
__________, 20__, in accordance with these instructions.
2.
Buyer and Seller jointly and severally agree to indemnify and defend the Company of and from any and all
damages, claims, demands, obligations, actions, or liabilities including but not limited to attorney’s fees
and costs arising from or relating to the performance and compliance by the Company with this Agreement
and these instructions.
3.
The Deposit shall be __ picked up at the Company; __ Wire Transferred; ($____ charge – wiring
instructions will be provided); __ mailed; or __ sent by overnight courier ($____ charge) to the address
shown below.
SELLERS:
_____________________________________
Phone Number: _____________________
_____________________________________
Phone Number: _____________________
Forwarding Address: _________________________________________________________________
BUYERS:
_____________________________________
Phone Number: _____________________
_____________________________________
Phone Number: _____________________
Forwarding Address: _________________________________________________________________
WITNESSED BY:
_____________________________________
_____________________________________
Listing Agent
Selling Agent

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