A company, Incorporation,or any other kind of corporate body has to safegaurd its interests with respect to investment in a customized software and several other technological invention or idea during the course of its business, and a software and technology escrow can do just that.
If and when the companies realize the importance of an escrow then we are sure they will view an escrow as one of their primary and statuatory administrative duties.The crux of the issue is that only after having suffered substantial losses because of the absence of an escrow does the company realize its folly. It is the case of having shut the barn door after the horse has bolted.
The attorneys of these company's should advise, instruct and educate the company on the benefits of having an escrow prior to entering into a software license agreement in the event of any contingency in future. After all the cost of maintaining an escrow is very negligible in comparison to the losses it would suffer, in the absence of an escrow.
We at EscrowTech India pride ourselves on having a solution for every escrow need, both software and Technology.
Thinking about a software or Technology escrow ......for free consultation on software & technology escrows contact us .....at info@escrowtech.in .......or for information ...log on to www.escrowtech.in.........
Can my company be affected by the non exsistence of an escrow ?
Good question ....... In our next article and we will let you know how vulnerable your company can be without a Software & Technology escrow......
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