Strategic Studies of Jurisprudence and Law

Strategic Studies of Jurisprudence and Law

Requirements and Applications of Escrow Accounts: A Comparative Analysis Based on the Laws of Iran and the United States

Document Type : research

Authors
Samaneh Khayatian 1
Mohammad Hadi Beikzad 2
1 PhD in Private Law, Edalat University, Tehran, Iran
2 Department of Oil and Gas Law, Kish International Campus, University of Tehran, Kish Island, Iran.
10.22034/ejs.2025.509545.2045
Abstract
Background and Aims: Escrow accounts are one of the financial services that are created in the world by escrow agents and as a result of the escrow account contract. Escrow account contract is a secondary contract in which a trusted broker or organized entity as a third party in a financial process of the basic contract, while providing guarantees, solves the problem of mistrust between the parties. The trusted third party, in the form of a financial intermediary, keeps the funds that the parties of an authorized transaction intend to transfer, in order to guarantee the fulfillment of the obligations of the transaction parties. The use of these types of accounts is very common in United States of America has a longer history than the use in Iran. Therefore, by comparative studying the requirements and applications of escrow accounts in the laws and regulations of these two countries, we can benefit from useful experiences to create or modify legal instruments.
Method and Materials: Analytical-descriptive method and library sources have been used in this research.
Ethical Consideration: In present study, the principles of text originality, honesty and trustworthiness have been observed.
Findings: By studying the legal requirements and applications of this type of accounts in the United States of America, expanding and facilitating the use of these accounts in Iran will cause economic growth, especially in the field of small and home businesses, startups, and e-commerce.
Result: Considering the wide application and the effect that the use of escrow accounts has in creating transparency and trust between the parties to contracts, the Iranian legislator should explain comprehensive rules and obstacles in the form of Lex-Specialis for this type of accounts.
Keywords
Escrow Account
Requirements
Applications
United States of America
Iran
Subjects
- بلفوندز، زویه لینان، حقوق تجارت الکترونیکی، ترجمه ستار زرکلام، چاپ دوم، تهران، نشر شهر دانش، 1390.
- حاجی، نرگس، سایبانی، علیرضا، «پیشگیری از جرائم سازمان یافته با نگاهی به قانون پولشویی»، فصلنامه پژوهش ملل، دوره چهارم، شماره چهلم، 1398.
- صباغی، نعیمه، بررسی مسئولیت واسط­های مالی در تجارت الکترونیکی، پایان نامه کارشناسی ارشد رشته حقوق گرایش تجارت الکترونیکی، دانشکده علوم انسانی دانشگاه علم و فرهنگ، تهران، 1396.
- نجاحی، اکبر، سفیدبری، لیلا، قاسم­پور، ابوالحسن، «نقش بانک­های خصوصی در توسعه مدل­های کسب و کار خانگی»، ماهنامه کار و جامعه، شماره یکصد و نود و هفتم، 1396.
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Strategic Studies of Jurisprudence and Law
Volume 7, Issue 4 - Serial Number 27
Studies of economic jurisprudence
Autumn 2025
Pages 107-124