THE LEGAL NATURE OF THE ESCROW CONTRACT
The article is devoted to the analysis of the legal nature of the escrow contract in the Russian law. It is concluded that the escrow agreement is neither an accessory nor an independent secured obligation. The escrow agreement was analysed in a comparative legal aspect. It is concluded that, unlike common law, there is no need to allocate fiduciary duties of an escrow agent in Russian law, as they are covered by the principles of good faith and cooperation in contractual relations. Trust is not a fundamental feature of an escrow agreement. Therefore, the escrow agreement does not have the features of fiduciary, it is an ordinary compensation agreement.