Holdback / Escrow

Use: Holds back part of the money after closing until a specific issue is resolved.

Clause wording

The amount of [HOLDBACK_AMOUNT] shall be held back by [HOLDBACK_HOLDER] until [RELEASE_CONDITION] is satisfied or until [RELEASE_DATE], subject to written agreement of the parties.

Meaning

Holds back part of the money after closing until a specific issue is resolved.

中文解释

用简单中文解释这一条在交易里的作用。

Internal drafting aid only. Use historical/lawyer-reviewed wording where available; human/legal review required before external use.