Steps for Establishing your Multi-Beneficiary & Multi-Vendor Escrow Arrangements

Software Escrow Arrangement

 Steps for establishing your Multi-Beneficiary Escrow Arrangement are:

multi-beneficiary software escrow arrangement

1. Provide NSE with the corporate name, physical address and contact email addresses for the organization acting as the Technology Vendor.

2. NSE will prepare the Agreement and send to the Technology Vendor for signature.

3. Once the Agreement is executed, documentation will be sent to the Technology Vendor instructing how to deposit their materials into escrow.  Once received, NSE will issue a receipt to the Technology Vendor, as per the terms and conditions of the Escrow Agreement.

4. To enroll a Beneficiary, the Technology Vendor will complete NSE’s Form 2.2 titled, “Additional Beneficiary Registration” and forward it to the Beneficiary for signature purpose.  Upon NSE’s 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 Technology Vendor’s Escrow Agreement and documentation will be forwarded to them confirming this fact.

 

 

Steps for establishing your Multi-Vendor Escrow Arrangement are:

Software Escrow Advisor

1. Provide NSE with the corporate name, physical address and contact email addresses for the organization acting as the Beneficiary.

2. NSE will prepare the Agreement and send to the Beneficiary for signature.

3. Once the Agreement is made effective, the Beneficiary may enroll a Technology Vendor by completing NSE’s Form 2.2 titled, “Additional Technology Vendor Registration” and forward it to the Technology Vendor for signature purpose.  Upon NSE’s 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 Beneficiary’s Escrow Agreement and documentation will be forwarded to them confirming this fact, along with instructions for submitting their escrow deposit.

 

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