| Escrow is a way
to transfer any type of property and/or money using a neutral
third party |
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| When entering
in to a contractual transaction with unknown parties, you
may desire protection |
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| Today’s
businesses are increasingly dependant on crucial assets
that they do not |
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| Software escrow is a business solution that
protects both the rights of Software Licensees (End Users) and the valuable,
proprietary technology of the Software Developers. A physical copy of the
software source code is held by BCES and released under
the conditional terms of the escrow agreement, executed by all parties.
A contract defines the deposit materials to be escrowed and the terms upon
which the source code can be released. BCES offers a comprehensive
service, provides flexibility and strict confidentiality to create a strong
arrangement whilst addressing each parties interests. Placing a source code
in escrow is most commonly utilized if the software is business-critical,
costly, or if there is an absolute need to protect against interruptions
in support of the software going forward. |
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| Technology escrows are essentially the same as software escrows
except that the deposited merchandise are not necessarily software
related. The ‘Deposited Materials’ placed in to escrow
can be any technology information, data, encryption keys, passwords,
drawings, documents, prototypes, samples, formulas or materials you
desire, provided that they are safe and legal. |
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