by David Baka | Feb 25, 2022 | software escrow
Escrow is a term that refers to money that a neutral third party keeps on behalf of the parties involved in a transaction. The escrow agent is frequently referred to as a trustee in the transaction because of their role as a neutral third party who protects the...
by David Baka | Feb 1, 2022 | software escrow
Upon receipt of the “Deposit Materials”, most trusted, neutral-third party providers of Software Escrow Services will issue to the Software Vendor and Licensee a hardcopy or electronic receipt for the initial Deposit Materials and for each subsequent deposit in a...
by David Baka | May 27, 2021 | Blog, Escrow Services, software escrow
Initiating a Software Escrow Agreement is only the beginning when it comes to protecting your intellectual property. Nourishing the escrow clause in your source code escrow agreement is an important next step that helps keep escrow arrangements refreshed and...
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 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...
