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In certain commercial arrangements, the parties involved may enter into a stakeholder or profit guarantee agreement where they appoint an independent and impartial third party such as OSK Trustees as stakeholder/trustee to hold money, shares and/or other types of property until certain stipulated conditions have been satisfied. After which, the stakeholder will release/disburse the property in question in accordance to the terms of the agreement. As stakeholder, our duty is to exercise total due diligence in carrying out the functions and responsibilities as set out in the agreement.
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