Archive for Escrow

Our flagship software/IP escrow solution, is the world’s only fully-automated, on-demand Open Escrow service

We provide the industry’s only online fully-automated software escrow service. Moreover, iForem’s Software Escrow Services eliminate the need for storing physical representations of source code and related intellectual property – the first and only software escrow service to recognize that the future of IP verification is completely web-based.

For the first time, companies of all sizes can offer intellectual property protection and critical content retention. As a result, large, SMB-sized or sole proprietorships with clients having all types of digital IP can benefit from having a simple, affordable way to safeguard critical content without sacrifice.

How do our solutions differ from other online escrow offerings?

Our solutions (1) isolate intellectual property and other critical digital content safeguarded by iForem from search engine indexing and other security breaches, (2) include unique automated content deposit, access, management, and notification features, and (3) provide the option to permanently protect any of your critical content.

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Software Escrow FAQ

What is escrow?

In its original usage, escrow refers to funds, property, a deed, or a bond put into the custody of a trusted and neutral third party (the escrow agent) by a depositor for delivery to a beneficiary only after the fulfillment of specified conditions established in a written agreement.

What is software escrow?

Software escrow agreements enable customers to gain access to application code (and the intellectual property that supports it) if certain conditions arise – for example, if the ISV’s operations are disrupted, it goes out of business or is acquired by another vendor that is unwilling to support the application.

What are Escrow Assured Escrow Services?

Escrow Assured has utilized key principles and best practices from the on-demand services market to develop a unique web-based, automated approach to satisfying ISVs and their customers’ escrow assurance needs, as well as an Affiliate program which allows escrowed ISVs to promote and differentiate themselves in the marketplace. Escrow Assured offers the industry’s first fully automated all-digital software/IP escrow services to incorporate its Pick, Click & Go Universal Software Escrow Contract™ and purely digital Virtual Vault™ technology.

How are Escrow Assured Software Escrow Services different?

In traditional software escrow, a custom contract is created where an escrow agent keeps possession of source code and releases it to a beneficiary under very specific circumstances. Only Escrow Assured provides a universal client-independent escrow contract backed by secure digital code storage and release.

How was the Escrow Assured universal escrow contract created?

Escrow Assured and Fenwick & West, LLP (www.fenwick.com) reviewed over 380 escrow agreements to craft a precise contract with variable terms that form the basis of our automated system. Our comprehensive review proved that over 95% of contract terms today work with the Escrow Assured escrow agreement. (As with all legal contracts, Fenwick & West advises all Escrow Assured clients to seek the advice of their own independent legal counsel.)

What are the differences between Escrow 1-to-1™ and Escrow Assured™?

  • Escrow Assured Escrow 1-to-1™ delivers full automation to online software escrow for developer/client relationships where the licensor/developer and beneficiary are already established and where specific conditions not covered by the Escrow Assured are need to be addressed.
  • Escrow Assured Escrow Assured™ is the industry’s first on-demand Open Escrow solution. Escrow Assured allows developers to place code in a purely digital escrow without first having to specify a beneficiary or client.

What are the benefits of Escrow Assured Escrow Services?

With Escrow Assured Escrow Services, the delays, expense and complexities of traditional software escrow are finally gone – and since Escrow Assured Escrow Services rely on our purely digital Virtual Vault™ to secure deposited code, the days of CDs and paper documents are a thing of the past! In addition, after code is deposited using Escrow Assured™, a simple, fully-automated single-click process lets potential clients engage in escrow for that code by using an online certificate (the Escrow Assured Escrow Assured Badge™) deployed on the developer’s website.

How does this compare to traditional escrow services?

Many software vendors, as well as customers, are discovering that traditional escrow agreements are not well-suited for today’s on-demand world due to their expense, lack of scalability, reliance on physical storage, the long lead times involved in resolution, as well as potential vulnerabilities to either natural or man-made disasters. Additionally, in terms of cost and ease of use, Escrow Assured Escrow Services are designed with Individual and SMB ISVs in mind – but are seamlessly scalability to large ISVs as well.

What type of things can I escrow?

Software (including Open Source Code core modules), Intellectual Property, and other critical digital content.

What if I don’t have a client or beneficiary for my current project?

No problem! Escrow Assured designed Escrow Assured™ for this exact reason. With Escrow Assured Escrow Assured – and only Escrow Assured Escrow Assured – you can place code in escrow without first specifying a beneficiary or client. After the code is escrowed, a simple, single-click process lets potential clients engage in escrow for that code through by using an online certificate (the Escrow Assured Escrow Assured Badge™) deployed on the developer’s website. This in turn allows the developer to easily change what has traditionally been a sales-inhibiting obstacle into a sales-enabling advantage.

How does Escrow Assured™ change what has traditionally been a sales-inhibiting obstacle into a sales-enabling advantage?

Traditionally, once terms of the software license have been negotiated and agreed to, the escrow request gives the client leverage against the developer when negotiating software license terms. Able to now pre-escrow one’s code, the developer not only promotes confidence both in the code and company, but can establish the terms before the close of the software sales agreement.

Does it matter if I have several clients using the same code? Do I have to do this for each one?

Whether one client or a hundred, Escrow Assured™ scales to meet your software and IP needs. As your client list grows, you simply invite them to sign up and become an escrow beneficiary of your project.

How do I know if I need software escrow?

You need software escrow if you develop software and contract with and/or hire ISVs, work with third-party contract ISVs, or license your software to customers.

Ask yourself the following questions:

  1. Do you hire contracted developers or work with third-party ISVs, leveraging their code base?
  2. If you do, how do you ensure that the job is completed in event that they disappear, go out of business, or get acquired (perhaps by your competitor!) in the middle of your project?
  3. If the project is large and critical, you might go through a traditional escrow company – but can you invest the time and afford the cost that traditional software escrow demands?

How long does it take to setup my account? Do I need special information?

All you need is your personal and/or company information. You’ll be done in less than 15 minutes!

Can I customize the contract with my clients?

Escrow Assured™ utilizes a comprehensive Pick, Click & Go™ Universal Escrow Contract that suits virtually all types of IP and software escrow needs. If you still require customization for your specific use, Escrow 1-to-1™ allows you full contract customization. Please contact us at sales@Escrow Assured.com for more information.

How long does the service last? Do I have to signup again each time?

An Escrow Assured™ project contract is a one year contract that can be renewed by simply updating your contract information.

What is the Escrow Assured™ Affiliate Partner Program and how does it work?

You don’t have to be a licensor or developer to take advantage of Escrow Assured’s Escrow Assured™ services. If you’re an IP attorney, aggregator, service provider or large software publisher looking for the convenience of escrowing your clients’ code with a single click, the Escrow Assured Affiliate Partner Program is for you. What’s more, as an Escrow Assured Affiliate Partner, Escrow Assured compensates you directly when customers sign up for Escrow Assured Escrow Assured through your site.

Where do I get my Escrow Assured Badge™?

Once you have setup your Escrow Assured™ depositor account, simply login to your Depositor Dashboard and look in the Escrow Assured Badge window to download – and feature it on your web site to show that you are prepared.

What if I want my attorney to review the contract?

You can easily send email or print a PDF version of your contract to your attorney for review.

Can I submit additional language or other changes?

Our Escrow Assured Escrow 1-to-1™ product lets you submit comments for review and acceptance. Not all terms will be accepted, but 97% of normal escrow contracts will fit in the 1-1 product.

How protected and secure is my source code or intellectual property on your system?

All content deposited into an Escrow Assured escrow account is protected and secured by our patented Virtual Vault™ technology.

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