Steps for Establishing your Escrow Agreements
Software Escrow ArrangementsSteps for establishing your Single Beneficiary Escrow Agreement
1. Submit the corporate names, physical addresses and contact email addresses for both organizations.
2. The Agreement will be prepared and sent to the parties for execution.
3. Instructions will be sent to the parties so that they may deposit their materials into escrow.
4. Once received, we will issue a receipt to the parties pursuant to the terms of the Escrow Agreement.
Steps for establishing your Multi-Beneficiary Escrow Agreement
1. Submit the corporate name, physical address and contact email addresses for the Technology Vendor.
2. The Agreement will be prepared and sent to the Technology Vendor for execution.
3. Instructions will be sent to the Technology Vendor so that they may deposit their materials into escrow. Once received, we will issue a receipt to the Technology Vendor pursuant to the terms of their Escrow Agreement.
4. To enroll a Beneficiary, the Technology Vendor will complete Form 2.2 within the Agreement titled, “Additional Beneficiary Registration” and forward it to the Beneficiary for execution. Upon our receipt of the form executed by both parties, as well as the Beneficiary’s 1st year escrow fees, the Beneficiary will be officially enrolled to the Escrow Agreement and documentation will be forwarded to them confirming this fact.
Steps for establishing your Multi-Vendor Escrow Agreement
1. Submit the corporate name, physical address and contact email addresses for the Beneficiary.
2. The Agreement will be prepared and sent to the Beneficiary for execution.
3. To enroll a Technology Vendor, the Beneficiary will complete NSE’s Form 2.2 within the Escrow Agreement titled, “Additional Technology Vendor Registration” and forward it to the Technology Vendor for signature purpose. Upon our receipt of the form executed by both parties, as well as the Technology Vendor’s 1st year escrow fees, the Technology Vendor will be officially enrolled to the Escrow Agreement and instructions will be sent so that they may deposit their materials into escrow.
4. Once the escrow materials are received, we will issue a receipt to the parties pursuant to the terms of the Escrow Agreement.