The Technology invented, derived by the company in the course of its business can be deposited into a Technology escrow to be secured. Technology escrows can be anything, such as drawings, data, proprietary information which is invaluable to the company.
As individuals we secure property, lives and anything else considered valuable to us, why should a company’s case be different. The cost of setting up a Technology escrow or an archive with an escrow agent is negligible compared to the estimated business loss in case of the occurrence of an unpleasant event in the future.
for more information on all kinds of escrows, please feel free to contact us at info@escrowtech.in or visit our website www.escrowtech.in
Monday, October 31, 2005
Saturday, October 15, 2005
... EscrowTech India ......
EscrowTech India
We are India's first Software & Technology Escrow Company with the core business objective of providing the Indian IT industry and the entrepreneurs with a service and facility for world class escrows.
To those of you familiar with Software & Technology Escrow Services the name EscrowTech might sound familiar …….EscrowTech India is a joint venture company set up in unison with EscrowTech International Inc. USA. EscrowTech, USA is one of the top escrow company’s in the world with many fortune 500 companies as their clients.
Software & Technology Escrows and the importance of escrow are yet to be fully understood in India. Escrow explained very briefly is insurance for a software licensee, a venture capitalist or any other individual. The basic function of an escrow is to provide as a back up in case of any contingency.
For a software product company the escrow increases the confidence of the potential client in the company, it can also be used as a marketing tool or a USP in the company's marketing campaign. Many licensees of software from overseas in recent times insist on a software escrow as one of the primary conditions as part of the software license agreement. A software product company with an escrow already in place will surely have a distinct edge or advantage over competitors.
The concept of escrows has yet to make an impact in India. Like any other new concept, especially in India, it takes time to materialize and gain acceptance. As time passes we are sure that the business houses in India will recognize and realize the importance of escrows.
To access any information on Software & Technology Escrows and its functioning, need or importance log onto www.escrowtech.in or contact us at info@escrowtech.in and we will ever willing to provide you with all the information regarding escrows.
We are India's first Software & Technology Escrow Company with the core business objective of providing the Indian IT industry and the entrepreneurs with a service and facility for world class escrows.
To those of you familiar with Software & Technology Escrow Services the name EscrowTech might sound familiar …….EscrowTech India is a joint venture company set up in unison with EscrowTech International Inc. USA. EscrowTech, USA is one of the top escrow company’s in the world with many fortune 500 companies as their clients.
Software & Technology Escrows and the importance of escrow are yet to be fully understood in India. Escrow explained very briefly is insurance for a software licensee, a venture capitalist or any other individual. The basic function of an escrow is to provide as a back up in case of any contingency.
For a software product company the escrow increases the confidence of the potential client in the company, it can also be used as a marketing tool or a USP in the company's marketing campaign. Many licensees of software from overseas in recent times insist on a software escrow as one of the primary conditions as part of the software license agreement. A software product company with an escrow already in place will surely have a distinct edge or advantage over competitors.
The concept of escrows has yet to make an impact in India. Like any other new concept, especially in India, it takes time to materialize and gain acceptance. As time passes we are sure that the business houses in India will recognize and realize the importance of escrows.
To access any information on Software & Technology Escrows and its functioning, need or importance log onto www.escrowtech.in or contact us at info@escrowtech.in and we will ever willing to provide you with all the information regarding escrows.
Wednesday, October 12, 2005
..Types of Escrows ....EscrowTech India
The previous articles focused on the importance of escrow and the use of the same.
Let us now take a look at the different types of escrow accounts:
SINGLE BENEFICIARY ESCROW ACCOUNT:
This type of escrow account is used when the licensor escrows one product for a particular beneficiary (Single Beneficiary). This account is usually initiated by the licensor on the insistence of the licensee.
MULTIPLE BENEFICIARY ESCROW ACCOUNT
This type of Escrow account is set-up or initiated by the licensor to escrow a number of software products with a provision to cater to multiple beneficiaries for each of the product escrowed. Under this head there are several variations and different types of multiple beneficiary accounts which cater to the varying requirements of a software licensor.
There are several other escrow accounts which met the diversified requirements they are:
IP Audit Trail
IP Archives
IP Collateral and Investment Protection
Given above is a brief account of the various types of escrow, if ever you need more information in this regard mail us at info@escrowtech.in and accquire all the information you require about escrows. We will also provide free consultation and advise about Software & Technology escrows, the importance, the uses and the appropriate escrow account for your requirement, free of cost. Remember, by contacting us you could know all you need to about the world of Software & Technology escrows and you are not committing to anything at all.
In the next article read about the Technical Verification of escrowed materials ...............
Let us now take a look at the different types of escrow accounts:
SINGLE BENEFICIARY ESCROW ACCOUNT:
This type of escrow account is used when the licensor escrows one product for a particular beneficiary (Single Beneficiary). This account is usually initiated by the licensor on the insistence of the licensee.
MULTIPLE BENEFICIARY ESCROW ACCOUNT
This type of Escrow account is set-up or initiated by the licensor to escrow a number of software products with a provision to cater to multiple beneficiaries for each of the product escrowed. Under this head there are several variations and different types of multiple beneficiary accounts which cater to the varying requirements of a software licensor.
There are several other escrow accounts which met the diversified requirements they are:
IP Audit Trail
IP Archives
IP Collateral and Investment Protection
Given above is a brief account of the various types of escrow, if ever you need more information in this regard mail us at info@escrowtech.in and accquire all the information you require about escrows. We will also provide free consultation and advise about Software & Technology escrows, the importance, the uses and the appropriate escrow account for your requirement, free of cost. Remember, by contacting us you could know all you need to about the world of Software & Technology escrows and you are not committing to anything at all.
In the next article read about the Technical Verification of escrowed materials ...............
Monday, October 10, 2005
....The Myths....Doubts....... About Escrow.....
Escrows in the 'real world' do not work ...........
Escrows are for real and function perfectly in the 'real world' scenario.
How can I trust a third party .............
We trust Banks (both Private and Public) why not an escrow agent ......and especially one like EscrowTech India, with the experience, expertise and professionalism that has made it one of the most sucessful and trusted escrow company's in the world.
Banks Provide Escrows .....................
An escrow with a bank is possible and realistically a bit more economical........The greatest myth of all .....
" Jack of all trades, master of none" Does this quote ring a bell. A few banks do provide this facility, but banks do not and cannot provide comprehensive escrow solutions, believe me. There will ever be a dearth in experience, expertize and professionalism which is required in plenty to maintain an escrow and provide the kind of service an escrow account demands over a period of time.The crux of an escrow agent's business is escrows so the commitment, dedication and effort required in this niche service industry can be expected from an escrow agent. In short escrow agents are specialists. When you are dealing with something as important as the source code it would only be appropriate to trust a company whose core business is Software & Technology escrow services.
Why do we prefer supermarkets, departmental stores, etc. for the one sole reason that all our needs are met under one roof. The same applies when you choose an escrow agent. The security of the source code, the legal implications with regard to the escrow and all the several other permutations and combinations of complexities which may arise during the course of maintaining the escrow are handled by the escrow agent in a very proficient manner.
For more information on anything and everything about Escrows log on to www.escrowtech.in or mail us at info@escrowtech.in ...............Escrow with us and be sure and secure ....... at EscrowTech India we make it our business to mind and take great care of our clients business.
Escrows are for real and function perfectly in the 'real world' scenario.
How can I trust a third party .............
We trust Banks (both Private and Public) why not an escrow agent ......and especially one like EscrowTech India, with the experience, expertise and professionalism that has made it one of the most sucessful and trusted escrow company's in the world.
Banks Provide Escrows .....................
An escrow with a bank is possible and realistically a bit more economical........The greatest myth of all .....
" Jack of all trades, master of none" Does this quote ring a bell. A few banks do provide this facility, but banks do not and cannot provide comprehensive escrow solutions, believe me. There will ever be a dearth in experience, expertize and professionalism which is required in plenty to maintain an escrow and provide the kind of service an escrow account demands over a period of time.The crux of an escrow agent's business is escrows so the commitment, dedication and effort required in this niche service industry can be expected from an escrow agent. In short escrow agents are specialists. When you are dealing with something as important as the source code it would only be appropriate to trust a company whose core business is Software & Technology escrow services.
Why do we prefer supermarkets, departmental stores, etc. for the one sole reason that all our needs are met under one roof. The same applies when you choose an escrow agent. The security of the source code, the legal implications with regard to the escrow and all the several other permutations and combinations of complexities which may arise during the course of maintaining the escrow are handled by the escrow agent in a very proficient manner.
For more information on anything and everything about Escrows log on to www.escrowtech.in or mail us at info@escrowtech.in ...............Escrow with us and be sure and secure ....... at EscrowTech India we make it our business to mind and take great care of our clients business.
....Software Escrows ..Venture Capitalists...
A software Escrow is the perfect solution for a Venture Capitalist seeking to secure, insure and protect his investment in a company.
The Venture Capitalist funds or invests in a company, but other than the physical assets of the company procured as a result of the investment made by him.....he does not have any other hold over the company. By opening an escrow account with an Escrow Agent he can secure the intellectual property of the company and have access to the same in case of a future contingency.
The concept put in a nutshell means...... that the Venture Capitalist will have access to all the technology and other inventions of the company developed by the company over a period of time ....which are the fruits of his investment..... a Venture Capitalist without a Software & Technology Escrow will leave himself and his investment very vulnerable to all soughts of risks.
The use of the concept of escrows for securing the rights and interests of a Venture Capitalist is a very common practice in the west( The USA, U.K, Europe), now a unique opporturnity presents itself in India, EscrowTech India. The expertise of one of the leading escrow service providers in the world, but customized to suit the Indian business climate.
For more information about the Software & Technology Escrow service offerings of EscrowTech India log onto www.escrowtech.in ...or...else if you need free advice, consultation in this regard .....mail us at info@escrowtech.in and we will provide you with a customized solution for your every need.
The Venture Capitalist funds or invests in a company, but other than the physical assets of the company procured as a result of the investment made by him.....he does not have any other hold over the company. By opening an escrow account with an Escrow Agent he can secure the intellectual property of the company and have access to the same in case of a future contingency.
The concept put in a nutshell means...... that the Venture Capitalist will have access to all the technology and other inventions of the company developed by the company over a period of time ....which are the fruits of his investment..... a Venture Capitalist without a Software & Technology Escrow will leave himself and his investment very vulnerable to all soughts of risks.
The use of the concept of escrows for securing the rights and interests of a Venture Capitalist is a very common practice in the west( The USA, U.K, Europe), now a unique opporturnity presents itself in India, EscrowTech India. The expertise of one of the leading escrow service providers in the world, but customized to suit the Indian business climate.
For more information about the Software & Technology Escrow service offerings of EscrowTech India log onto www.escrowtech.in ...or...else if you need free advice, consultation in this regard .....mail us at info@escrowtech.in and we will provide you with a customized solution for your every need.
Friday, October 07, 2005
..Protect your Rights.....Use Escrow
What is all the hue and cry about?
A friend of mine who was an attorney once told me that software escrow was just an additional overhead to the cost of the software product ..... I gave him a wry smile...he asked me why...i said "Ignore this overhead and your client will have troubles way over his head in future".
An escrow is crucial to maintain business continuity and smooth progress for the licensee. when I pen articles in this blog people are under the impression that this is a marketing tool, but believe me all i ever strive to achieve is tell you about the importance of software & Technology Escrows. The purposes escrows serve are amazing, they are multifaceted.
Secure your rights in a Software or Technology licensee agreement.........just escrow with anyone of the several escrow agencies......and eventuality you will escrow with us.. thats the kind of service we provide at EscrowTech India. The client list of EscrowTech will provide you with a fair idea of the kind of trust EscrowTech brings with it.
As always let me conclude informing you that if you ever want to know more .....mail me at info@escrowtech.in or log onto www.escrowtech.in...... for all the information you ever need on escrows and EscrowTech India.
A friend of mine who was an attorney once told me that software escrow was just an additional overhead to the cost of the software product ..... I gave him a wry smile...he asked me why...i said "Ignore this overhead and your client will have troubles way over his head in future".
An escrow is crucial to maintain business continuity and smooth progress for the licensee. when I pen articles in this blog people are under the impression that this is a marketing tool, but believe me all i ever strive to achieve is tell you about the importance of software & Technology Escrows. The purposes escrows serve are amazing, they are multifaceted.
Secure your rights in a Software or Technology licensee agreement.........just escrow with anyone of the several escrow agencies......and eventuality you will escrow with us.. thats the kind of service we provide at EscrowTech India. The client list of EscrowTech will provide you with a fair idea of the kind of trust EscrowTech brings with it.
As always let me conclude informing you that if you ever want to know more .....mail me at info@escrowtech.in or log onto www.escrowtech.in...... for all the information you ever need on escrows and EscrowTech India.
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