Technology Escrow Agreements


TECHNOLOGY ESCROW AGREEMENTS

Escrow Associates' administers the terms of the technology escrow agreement as negotiated by the technology developer and beneficiary. The final terms of the technology escrow agreement dictate the complete escrow terms and services provided by Escrow Associates, LLC. The materials to be deposited, all potential release conditions and all other escrow terms are established in advance of receipt of the escrowed materials. Escrow Associates, LLC offers the flexibility of tailoring technology escrow agreements to best suit the needs of the parties to meet the specifics of the particular transaction. As your escrow agent, we offer a variety of technology escrow service levels to directly match the clients' needs for escrow protection:

Standard Three-Party Technology Escrow Agreement

The three-party technology escrow agreement is used by end-users or beneficiaries that require the highest level of protection for their transaction. End users with unique escrow requirements and/or highly customized technology choose the three-party technology escrow agreement. All parties negotiate and sign the contract and a specific set of materials are deposited to support the arrangement.

Request sample three party escrow agreement.

Three-Party Technology Escrow Agreement


Master Two-Party Technology Escrow Agreement

The most commonly utilized technology escrow agreement by technology vendors with multiple escrow requirements is the two-party escrow agreement, which allows numerous beneficiaries and technology escrow deposits to be protected under a single escrow contract with a single set of escrow conditions. Future additions and changes to this escrow arrangement can be made under the discretion of the client.

Request sample two party escrow agreement.

Two-party Technology Escrow Agreement

Beneficiaries can be added through either of the following scenarios:

Standard Beneficiary - provides an efficient process for meeting Beneficiary escrow requirements at a modest fee.

Registered Beneficiary - reserved for those scenarios where default escrow terms are not an exact match to the Beneficiary's needs. This measure allows the Developer to continue to leverage existing contracts with providing a Beneficiary with specific contract terms. In summary, this feature alone will save both parties substantial money over negotiating and establishing separate agreements for each individual escrow requirement.

Two-party and Three-party technology escrow agreements can be completely customized in order to provide only the services needed for a specific transaction. We encourage clients to closely scrutinize these agreements to ensure each party's interests are carefully considered. Customized agreements may also be used if they are considered more suitable for the particular technology transaction. Whether you use our contract templates or your own, you will never be charged a custom agreement fee at Escrow Associates, LLC.

No matter which way you decide to structure your technology escrow services, Escrow Associates stands behind each offering by providing:

  • Same-day contract review, in most cases
  • Online access to account information
  • Electronic depositing (if applicable)
  • Media vaulting facility, exceeding industry security standards
  • Toll-free support line
  • Full-service customer service department

Escrow Associates' vault facilities are designed to protect your technology assets whether they are hardware design schema, drawings, formulae, or any other proprietary information.

To reach one of our specialists on software escrow about the appropriate escrow service for your needs, please complete our information request form
or call 1-800-813-3523.


 

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