Escrow Associates

Escrow Associates Praised for Flexible Contract Templates

by Chris Smith
President, Escrow Associates, LLC

A 2007 market research study performed on the software and technology escrow industry uncovered a common theme of praise for Escrow Associates' fair and modifiable escrow agreement templates.

Most notable in the research was the flexibility of the release conditions in the Standard Three-Party Escrow Agreements and Master Two-Party Software Escrow Agreements offered by Escrow Associates headquartered in Atlanta, GA. Samples of each agreement are available upon request at www.escrowassociates.com or by calling 1-800.813.3523.

"I think that was probably how I selected Escrow Associates to begin with because they did have a very nice template (agreement)…. I gave them a call and they were able to walk through the different clauses, why it's there, the importance of each clause…" recalls one end-user.

Because each technology transaction differs from the next, Escrow Associates has emerged as a leading provider of escrow services by offering the flexibility of tailoring these agreements to best suit the needs of the parties.

"I think it's important because, especially in smaller deals, we don't want to waste a lot of time renegotiating things that don't need to be renegotiated. If there is a professional template that we can work with, great," notes one participating attorney. "Now obviously the conditions for withdrawal are going to be unique. We're going to look at the language in the agreement and potentially negotiate things in addition, but yes, it's always helpful to have something to start with."