Multiple Beneficiaries - Minimum Service "MB-Min" Software Escrow Agreement

Description

The Multiple Beneficiaries - Minimum Service "MB-Min" Software Escrow Agreement is a two party agreement between the Owner (licensor) and EscrowTech. Any number of Beneficiaries may be added to this agreement at any time.

Please note that this is a minimum-service escrow. As such, Beneficiaries will not receive notifications from EscrowTech. In many cases, a Beneficiary will require a full-service escrow to better protect their escrow rights. EscrowTech offers the MB-Min service to Owners for situations where the Beneficiaries do not require a full-service escrow. This type of agreement should be used in the following situation:

• There is exactly one Owner.
• There is any number of Beneficiaries.
• The Beneficiaries do not need a full-service escrow.

If you only have more than one product or if all of your Beneficiaries should not have escrow rights to all of your products then we recommend you consider our Multiple Beneficiary - Minimum Service - Separated Products "MB-Min-SP" Software Escrow Agreement. If your Beneficiaries request a full-service software escrow then we recommend the Multiple Beneficiaries "MB" Software Escrow Agreement.

How the MB-Min Escrow Works

A Multiple Beneficiaries - Minimum Service Software Escrow begins with the Owner and EscrowTech signing the Software Escrow Agreement. This agreement outlines the details of the Software Escrow. The Owner then submits a list of Beneficiaries to EscrowTech. This list specifies the contact information for each Beneficiary.

Once the Software Escrow Agreement is established, the Owner then submits the Deposit Materials to EscrowTech. If a Release Condition occurs then EscrowTech releases the applicable Deposit Materials to the Beneficiary. It's that simple!

Seting up the Software Escrow

Are you ready to setup a software escrow? The first step in setting up a software escrow is to contact EscrowTech. We can provide you with the necessary forms and answer any additional questions. EscrowTech can be contacted by phone at 801-852-8202 or fill out this contact form and an EscrowTech Software Escrow Expert will contact you soon.

Do you have any questions or need any clarification? If so, give EscrowTech a call at 801-852-8202 or send us an email. Our experts are trained to help you find the Software Escrow that meets your specific needs.