Thursday, June 16, 2005
Tuesday, June 14, 2005
EscrowTech India
Software and Technology Escrows protect savvy or prudent licensees, customers and users of software, technology, products and intellectual property, and can be adapted to fit a wide variety of situations and needs. Our software and technology escrows typically involve an Owner (the licensor, vendor or developer), at least one Beneficiary (the licensee, customer or user), and EscrowTech India as the escrow agent.
EscrowTech India can accommodate almost any situation where an escrow of software, technology, documents, drawings, intellectual property, products, prototypes, etc. is needed or useful. In addition to escrows for conventional software licenses, we do escrows for a wide variety of situations, including ASPs and other hosted environments, e-commerce transactions, intellectual property licensing in all areas (chemical, biotech, electrical, mechanical, etc.), works of authorship (architectural, drawings, etc.), databases, encryption keys, passwords, settlements, etc.
Monday, June 13, 2005
Source Code and Object Code Escrow?
What are object code and source code? Object code is the softwares programming code translated into machine-readable form, zeros and ones, which humans cannot understand and when compiled forms source code. The form of the code which humans write and understand is called source code.
Why you need escrows and How it works
Whenever your business makes a significant investment in a software license, you have to consider the question, what if the developer goes out of business or refuses to properly support the software. Imagine a huge investment in software and then your developer goes under. How would you maintain the software without them? Could you add features as needed? Could you continue to upgrade your investment to keep up with the latest and greatest?
It has long been the bane of the business world not to trust some associates at all and yet to trust others blindly. We use safe deposit boxes and lockers provided by banking institutions almost everyday. These same lockers can be used not only to safeguard our own assets, but also safely transfer them to someone else. Only someone with the same set of keys can open your box and gain access to those assets. The same is the principle of 'Escrow Services'. An escrow is merely a third party to your contract with someone else. It is the duty of the ESP (Escrow Service Provider) to safeguard your transaction to the end. So far, such services have been heavily utilized in the fields of finance and law. However, with the increasing adoption of global information services, where developers and end users are ever on the other side of the world from each other, escrow services has found a new extension in the realm of computer software.
How it works?
Escrow services are commonly used as a safeguard against bankruptcy. If the developer (known as the 'software licensor') goes bankrupt and can no longer continue to provide his services to you as before, the escrow agent(EscrowTech India (ETI)) will release everything placed with them, in relation to your particular contract with that developer, to you. Let's take an example to understand this better.
Let us say A and B have made a deal. B is to develop and provide A with custom software X. They rope in ETI who provides escrow services. A and B tell ETI that if B goes bankrupt, ETI is to release all source code to A and other material to do with X. Say some years down the line B goes bankrupt and is forced to shutdown its business. A informs ETI of the development. According to the established agreement, ETI immediately releases the material to A after due verification of facts.
It has long been the bane of the business world not to trust some associates at all and yet to trust others blindly. We use safe deposit boxes and lockers provided by banking institutions almost everyday. These same lockers can be used not only to safeguard our own assets, but also safely transfer them to someone else. Only someone with the same set of keys can open your box and gain access to those assets. The same is the principle of 'Escrow Services'. An escrow is merely a third party to your contract with someone else. It is the duty of the ESP (Escrow Service Provider) to safeguard your transaction to the end. So far, such services have been heavily utilized in the fields of finance and law. However, with the increasing adoption of global information services, where developers and end users are ever on the other side of the world from each other, escrow services has found a new extension in the realm of computer software.
How it works?
Escrow services are commonly used as a safeguard against bankruptcy. If the developer (known as the 'software licensor') goes bankrupt and can no longer continue to provide his services to you as before, the escrow agent(EscrowTech India (ETI)) will release everything placed with them, in relation to your particular contract with that developer, to you. Let's take an example to understand this better.
Let us say A and B have made a deal. B is to develop and provide A with custom software X. They rope in ETI who provides escrow services. A and B tell ETI that if B goes bankrupt, ETI is to release all source code to A and other material to do with X. Say some years down the line B goes bankrupt and is forced to shutdown its business. A informs ETI of the development. According to the established agreement, ETI immediately releases the material to A after due verification of facts.
Technical Verification of Escrowed Materials
EscrowTech India Offers Technical Verification for Escrowed Materials.
As business environment become more and more dynamic, there is a need to shrink the product release cycles while managing costs and risks. We offer independent QA and testing services spanning the entire software release lifecycle. This includes formulating the test plan & test cases, execution, defect reporting, defect analysis, risk assessments and recommendations. Our quality assurance services help you deliver your software with confidence. ETI will help you in testing business applications on a range of platforms and technologies.For further info see http://www.escrowtech.in/html/services.htm
As business environment become more and more dynamic, there is a need to shrink the product release cycles while managing costs and risks. We offer independent QA and testing services spanning the entire software release lifecycle. This includes formulating the test plan & test cases, execution, defect reporting, defect analysis, risk assessments and recommendations. Our quality assurance services help you deliver your software with confidence. ETI will help you in testing business applications on a range of platforms and technologies.For further info see http://www.escrowtech.in/html/services.htm
Saturday, June 11, 2005
Software & Technology escrow
! What is an Software Escrow?
An escrow is a service which is provided by a third party(escrow agent) who is an unbiased option between two persons, business firms or corporate bodies who have contractual obligations towards each other.
Software escrow or source code escrow is a business tool for the
21st century technology industry that protects the interests of both the software developer and the end-user. EscrowTech India is a premier provider of professional and dynamic services that protect critical software and technology assets.
Leveraging decades of industry experience, EscrowTech India delivers the highest level of service, integrity and protection to the high-technology marketplace with flexible and economical offerings.
Other services Offered by ETI
Technical Verification of Escrowed Materials
IP Audit Trail
IP Archives
IP Collateral and Investment Protection
IT (Information Technology) Evaluation Services
IT (Information Technology) Dispute Resolution Services
You want to know more about escrow services? you might need it someday contact us or feel free to call us or log on to our website www.escrowtech.in
An escrow is a service which is provided by a third party(escrow agent) who is an unbiased option between two persons, business firms or corporate bodies who have contractual obligations towards each other.
Software escrow or source code escrow is a business tool for the
21st century technology industry that protects the interests of both the software developer and the end-user. EscrowTech India is a premier provider of professional and dynamic services that protect critical software and technology assets.
Leveraging decades of industry experience, EscrowTech India delivers the highest level of service, integrity and protection to the high-technology marketplace with flexible and economical offerings.
Other services Offered by ETI
Technical Verification of Escrowed Materials
IP Audit Trail
IP Archives
IP Collateral and Investment Protection
IT (Information Technology) Evaluation Services
IT (Information Technology) Dispute Resolution Services
You want to know more about escrow services? you might need it someday contact us or feel free to call us or log on to our website www.escrowtech.in
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