What can be used to settle disputes over escrow funds if both parties agree?

In the context of disputes over escrow funds when both parties have reached an agreement, all the mentioned methods—mediation, litigation, and declaratory decree—can indeed be employed to settle such matters effectively.

Mediation involves a neutral third-party facilitator who assists both parties in reaching a mutually agreeable solution. This process is generally quicker and less adversarial than litigation, making it an attractive option for those who want to preserve a working relationship.

Litigation, on the other hand, is the process of taking the dispute to court. This is a more formal legal route that can result in a binding decision made by a judge. While it tends to be lengthier and can impose higher costs on the parties involved, it is an avenue available if mediation does not successfully resolve the dispute.

A declaratory decree is a legal determination made by a court that clarifies the rights and obligations of the parties involved regarding the escrow funds. This can provide a clear resolution and help avoid further disputes.

Given that each of these approaches is viable for resolving disputes over escrow funds when both parties agree, it is clear why the choice to include all of them is valid. Each option has its own benefits and context in which it may be the most appropriate course of action.