ESCROW FOR TECHNOLOGY DEVELOPERS
Escrow agreements are a key element in protecting your interests as well as those of your clients. By ensuring that no matter what happens to your business (bankruptcy, merger, acquisition, or any kind of crisis), you have protected your customers’ business continuity in the mission-criticaltechnology they have purchased from you.
Frame arrangements for software suppliers who serve many clients – including compliance to Office of Chief Scientist (OCS) regulations.
Expertise and flexibility in providing custom escrow agreements for companies worldwide.
Legal expertise – Fast agreement review and service set-up.
Secure transmission of escrow deposits – either electronically or physical delivery of your preferred media (DVD, USB, etc).
Technical verification of escrow deposits.
Highly secured data vaulting facilities worldwide.
Proactive notification service when you are due to make deposits.
Unify and control your escrow. arrangements and terms with one reliable and professional escrow service provider.
Smoothen and shorten your sales cycles.
Demonstrate to your clients that you are trustworthy and value their business continuity.
Provide proof of Intellectual Property copyright.
Maintain compliance with various regulations and corporate policies that are required by clients.
Store a complete, documented set of your know-how as a backup.
Maintain protection in the event that one of your key developers leaves with your intellectual property.
This special and strategic arrangement is practical for Software suppliers with multiple clients/users. Initiating a Frame (multi-client) escrow agreement helps a Supplier by:
Giving them control of the terms of the escrow arrangement.
Shortening the sales cycle.
Keeping all escrow deposits in one secure location.
Creating a positive confidence builder for clients and prospective clients.
Avoiding unnecessary legal discussion upon the conclusion of License Agreements.
Providing an effective quality “active” escrow solution which satisfies all companies, including large organizations.
Provide a solid evidentiary document for your IP protection as a back up in the event of copyright infringement.