Escrow Contract

safeguarding copyrights vs. protecting investments

In an escrow contract, you will find:

  • Definitions of terminology
  • Contract prerequisites
  • Services provided by the escrow agency
  • Manufacturer obligations
  • Licensee obligations
  • Non-disclosure agreement
  • Release conditions
  • Liability
  • Term of contract

The detailed description of the release conditions is of utmost importance. Individual conditions between the manufacturer and the licensee can be included in the contract, or the standard conditions recommended by HanseEscrow can be used.

The existing risks are identified and evaluated together with the customer. We develop a strategy for the negotiations and the contract preparations and then follow through with it.

Our services for contract and risk consultation are optional. You choose based on your requirements. Whether you choose one or all of our services, you will get valuable support in preparing your escrow contract.

Sample Escrow Contracts

Escrow protects investments in cases where the buyer does not receive all of the information required for the maintenance of the purchased product. If the product is not strictly software, for example a machine, a factory, an industrial unit, a ship or real estate, the material to be deposited usually consists of construction documents, maintenance plans, procurement lists, software source codes, firmware source codes, designs and further documents. The various components have to be checked individually and the updates usually have to be run at different times.

In addition to a standard source code escrow agreement, HanseEscrow offers agreements that fit such multi-facetted escrow situations.

If you need a sample agreement, please send us an email with the subject “sample agreement” together with notes stating which product is to be deposited and the language (German or English) you would like the agreement to be written in.
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