Tanaka Life

Terms and Conditions Escrow

Last Updated 07 June 2020

The Seller and Purchaser have agreed to appoint Tanaka Life to hold a given amount and to release the amount to the seller when certain conditions are met. 

Furthermore, Tanaka Life is willing and able to accept such responsibilities as well as act in compliance with this escrow agreement in its entirety.

In the instance any disagreement shall arise, the Parties agree Tanaka Life shall not be held liable for any costs, damages, or losses that may arise from duties performed.

Furthermore, unless written permission has been received from the Parties by the Tanaka Life then no releases or disbursements shall be made.

If such disagreement between the Seller and Purchaser does occur the Tanaka Life will have the right to be discharged from this agreement by turning all agreements and documentation over to the jurisdiction responsible for this agreement.

Any and all costs to Tanaka Life from such proceedings shall be the responsibility of the Seller and Purchaser.

This agreement is for the benefit of Tanaka Life, the Seller and the Purchaser.

Furthermore, all parties agree there are no beneficial results for any third parties nor will third parties be involved in any decisions for this escrow agreement.


All funds received with regard to this escrow agreement shall be deposited into Tanaka Life’s bank account

Any fees due to Tanaka Life, at the time of disbursement request may be deducted from the escrow disbursement amount prior to disbursement.

Tanaka Life will hold any notifications and instructions they may receive as valid without the requirement to investigate or question the sender.


With written notice from both the Seller and the Purchaser Tanaka Life will disburse the funds based on the instructions provided within such notice.

The written notice inclusive of directions for disbursement may be delivered in person or via WhatsApp or SMS. Tanaka life will verify the validity of such directions.

The purchaser has 24 hours to confirm the release of the money to the seller after the seller has indicated delivery of goods or service. If the purchaser does not confirm, the money will be disbursed to the seller.

The seller must always have proof of delivery.


Under the following circumstances Tanaka Life shall not be held liable or found at fault,

  • For any omission or error by a party other than Tanaka Life themselves.
  • Any loss of funds directly related to the suspension, insolvency, or failure of the funds or the bank themselves.
  • Any legal proceedings between the Purchaser and Seller