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 ...............
