Agreements By Software Escrow Agreements

The software escrow, source code escrow, and technology escrow are designed to protect licensees, customers and users of software, technology, products and intellectual property, and can be adapted to fit a wide variety of situations and needs. There is a range of software escrow agreements provided by software escrow agents that fits most company's needs. Some agents even provide service (assistance) with special agreement depending on the needs of specific company.

Mostly, escrow agent can accommodate almost any situation where an escrow of software, technology, documents, drawings, intellectual property, products, or prototypes is needed or useful. In addition to escrow software for conventional software licenses, some even do technology escrow for a wide variety of situations, hosted environments, e-commerce transactions, intellectual property licensing in all areas (such as chemical, biotech, electrical, architectural, mechanical, databases, encryption keys, passwords, settlements, and many more). There are many standard of agreements offered, for example Single Beneficiary Agreement and Multiple Beneficiary Agreement:

Single Beneficiary. The SB agreement is a three party agreement that allows for an owner and a beneficiary. A Single Beneficiary Escrow Software begins with all three parties signing the agreement. This agreement specifies certain conditions such as: the deposit materials, the release conditions, and the permitted use. Once the agreement of software escrow is established, the owner then turns in the deposit materials to the agent. If a release Condition occurs then the agent releases the deposit materials to the beneficiary.

Multiple Beneficiaries. The MB agreement is a two party agreement between the agent and the owner. Any beneficiaries may be added to this agreement. Typically, any escrow deposit made under this agreement will apply to all beneficiaries. This type of agreement should be used in the following situation: there is exactly one owner; there is any number of beneficiaries; the beneficiaries all share the same deposit materials. A multiple beneficiary escrow begins with the owner and the agent. They sign the agreement. This agreement outlines the basics of the Software Escrow. Beneficiaries are then added to this agreement through the beneficiary registration form. This form allows for customizations on a per Beneficiary basis for important variables such as: the release condition and the permitted use. Once the software escrow agreement is established, the owner then gives the deposit materials to the agent. If a release condition occurs then the agent releases the deposit materials to the beneficiary.