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Postponing Escrow Agreements Proves Costly |
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When to Escrow
Research indicates there is a natural tendency for both the technology vendor and end-user to delay the establishment of the escrow agreement and submission of the deposit materials. The common license agreement calls for the escrow agreement to be negotiated at some later date following the execution of the license agreement and the escrow deposit to be made some 90-120 days after that. In many cases, this practice causes the escrow agreement to be forgotten completely or the end-user leaves the bargaining table with the assumption that their vendor will establish the agreement on their own. While this does occur, in many cases the software vendor has a far less vested interest in making the escrow deposit and will only do so when forced to comply. <more>
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Software Escrow Industry Marks Silver Anniversary |
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In 1982, entrepreneurial groups on both coasts of the United States realized the business world had embarked on a new era of relying upon technology and businesses would become increasingly dependent upon software and the intellectual property of others. Recognizing this spawned projections that companies would soon incorporate source-code protection into their overall risk-management strategies. Data Securities International (DSI) and Fort Knox Escrow Services, became the first-ever software escrow providers, and laid the groundwork for what would become one of the most critical business tools of the 21st Century.
Initially, the overall demand for such protection was quite minimal, primarily due to limited computer usage that was confined to governments, acadecmic institutions and large companies for mission critical applications. <more> |
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Escrow Associates Increases Support Staff to Service Unprecedented Growth |
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Recognized for its state-of-the-art media vault facilities, customizable software escrow agreements and industry leading consultative services, Escrow Associates enters its fifth year by doubling its sales and service support teams to accommodate the demands of its clients and continuous growth.
“While each of the founding partners of Escrow Associates had extensive experience in the software escrow industry prior to forming our company, our initial business model called for controlled growth while we implemented and perfected all of our unique software escrow agreements and services,” says Chris Smith, Vice President of Sales for Escrow Associates, LLC. <more> |
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