| Escrow
Services Guard-IT
provides third-party escrow services for the
securing of software source code, data, formulas,
diagrams and other intellectual property. Clients
may setup their escrow agreements, submit escrow
materials via secure FTP site and perform other
escrow account functions online at
Guard-IT’s website.
Guard-IT’s
escrow services – often referred to as
“software escrow”, “source code
escrow” or “intellectual property
escrow” – protects your technology
assets by placing them with an independent party
for safekeeping. The contract or “escrow
agreement” defines terms of the
developer’s ownership, designation of
clients, licensees, investors or other interested
parties as beneficiary(ies) and specific terms
(“release conditions”) that would
trigger the release or transfer of the escrow
deposit materials to a beneficiary.
“Two-Party”
escrow agreements give developers an extra layer
of intellectual property protection, control of
the basic escrow terms and the flexibility to add
any number of beneficiaries to the agreement.
“Three-Party” escrow agreements are
customized with specific terms and are static
among the technology developer, a single
beneficiary and Guard-IT; these are often
requested or required by licensees who purchase
technology from early-stage or small developers.
Established in 1999,
Austin, Texas-based Guard-IT Corporation serves
clients in 25 countries around the world, ranging
from small technology developers to large,
international corporations. The Guard-IT
executive team brings together more than 55 years
of combined experience in technology development,
dispute resolution, intellectual property matters
and corporate contract law.
Free draft agreements
upon request. Feel free to tour our website for
more information, or call us at (512) 282-1995
with questions.
Contact info@guard-it.com for more
information.
Copyright
1999-2010 Guard-IT Corporation. All rights
reserved.
Page updated 06.03.2010
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