Single Beneficiary "SB" Software Escrow Agreement

Description

The Single Beneficiary "SB" Software Escrow Agreement is a three party agreement between the Owner (licensor), Beneficiary (licensee), and EscrowTech. This type of agreement should be used when there is exactly one Owner and one Beneficiary.

How the SB Escrow Works

A Single Beneficiary Software Escrow begins with all three parties signing the Software Escrow Agreement. This agreement specifies certain conditions such as:

• The Deposit Materials (the actual code/documents/etc that will be held in escrow).
• The Release Conditions (what must occur for the Deposit Materials to be released to the Beneficiary).
• The Permitted Use (what the Beneficiary can do with the Deposit Materials).

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 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.