by David Baka | Jun 17, 2021 | Blog, Escrow Services, Escrow Storage
There are multiple organizations that offer Intellectual Property Escrow Services. How can you make sense of it all? Key features worth noting when selecting an Escrow Provider include: Experience & Longevity How long has the Escrow Provider been protecting...
by David Baka | Jun 10, 2021 | Blog, Escrow Services, Escrow Storage
Establishing an Escrow Agreement provides the Licensee with access to the Technology Vendor’s source code and documentation, in the event that a specific, release/triggering event agreed upon by the Technology Vendor and Licensee occurs Below please find Reasons why...
by David Baka | Jun 3, 2021 | Blog, Escrow Services, Escrow Storage
The majority of Software Escrow Agreements are established in order to provide the Licensee with access to the Technology Vendor’s source code and documentation, in the event that a specific, release/triggering event agreed upon by the Technology Vendor and Licensee...
by David Baka | May 27, 2021 | Blog, Escrow Services, software escrow
A typical license agreement may have a “source code escrow clause” within it stipulating that the Technology Vendor and Licensee will establish an escrow agreement within thirty (30) days of the effective date of the license agreement. In a simple scenario, this is...
by David Baka | May 20, 2021 | Blog, Escrow Services, software escrow
The free-market economist Milton Friedman popularized the phrase “there is no such thing as a free lunch”. The same theory applies when establishing a Software Escrow Arrangement. The reason for establishing and Escrow Agreement is for protection. With access to the...
by David Baka | May 13, 2021 | Blog, Escrow Services, software escrow
A popular source code escrow arrangement for Technology Vendors is a “Multi-Beneficiary” Escrow Arrangement. In theory, this is a 2-party source code escrow agreement that once established, permits the Technology Vendor to enroll multiple Licensees (“Beneficiaries”)...
by David Baka | May 6, 2021 | Blog, Escrow Services, software escrow
What if an agreed-upon release event has occurred? What is the Licensee to do? The answer to this question depends on the terms and conditions defined within the Escrow Agreement. NSE’s Escrow Agreements not only document the specific release events that govern the...
by David Baka | Apr 29, 2021 | Blog, Escrow Services, software escrow
Upon receipt of the “Deposit Materials”, National Software Escrow, Inc. (NSE) will issue to both the Technology Vendor and Beneficiary a receipt for the initial deposit and for each subsequent deposit. Such receipt verifies a delivery to NSE, but not a verification of...
by David Baka | Apr 22, 2021 | Blog, software escrow, Software Source Code
Once your Escrow Agreement is established and the parties agree to the contents that will make up the “Deposit Materials”, the next step is to deliver the “Deposit Materials” to the Escrow Agent. National Software Escrow, Inc. (NSE) supports both “Physical” and...
by David Baka | Apr 15, 2021 | Blog, software escrow, Software Source Code
Establishing a Technology Escrow Agreement provides a Licensee with access to a Technology Vendor’s source code and documentation, in the event that a specific, release/triggering event agreed upon by the Technology Vendor and Licensee occurs. So, what are possible...
by David Baka | Apr 8, 2021 | Blog, Escrow Services, Source Code Escrow
So what exactly can be deposited into Escrow? The answer to this question is directly related to what the Technology Vendor and Licensee agree to as “Deposit Materials”. In a Technology Escrow Agreement, “Deposit Materials” will be that portion of a Technology...
by David Baka | Apr 1, 2021 | Blog, software escrow, Software Source Code
The answer to this question depends on your business needs. Are you a Technology Vendor licensing software to one customer? If so, your need for establishing a Software Escrow Arrangement may be dictated by a Licensee who is interested in licensing your...
by David Baka | Mar 25, 2021 | Blog, Escrow Services, Software Source Code
What is a software escrow and why is it needed? In many of today’s technology license agreements, companies licensing technology are requesting that along with the program(s), a copy of the Technology Vendor’s proprietary source code also be provided....
