The Right Escrow for You
At tinyEscrow we build our solutions around the needs of our customers. What role best describes you?
- Software Developer
- Purchaser or User of Software
- Attorney or Law Processional
- Financial Professional
Software Developer
Software developers usually have three uses for escrow. First, potential customers may require that you deposit your source code into escrow, and name them as a beneficiary. Essentially they are protecting themselves from the decisions that you may make in the future. In the most commonly-cited scenario, if you were to go out of business, they would be able to access and use the source code for the application that they need to run their business. More likely however is that they also want protection for other issues such as product maintenance. Escrow Your Code >>
Second, you may be leveraging 3rd-party (plug-ins, DLLs, etc.) code that your application relies on. In this case, you would be asking another company to deposit their source code into escrow and name you as the beneficiary. This can provide you with piece of mind, as you will know you will have access to that source code. Escrow with Subcontractors and Vendors >>
Third, when obtaining financing it is common for financing entities to name the source code as the intellectual property asset upon which the loan is being made. Escrowing for Financing >>
Purchaser or User of Software
A purchaser of software is usually a business that uses a piece of software to conduct daily, unique, or critical business functions. For example, if a company makes daily (and critical) use of an accounting package, it is often prudent to ensure continued access to that software via escrow. More and more organizations use escrow service to mitigate risk and establish business continuity. Mitigating Risk with Escrow >>
Attorney or Law Professional
We can help provide technical services for your client's technology and IP escrow needs. More Information >>
Financial Institution
We can help provide technical services for technology and IP escrow needs. Our reporting capabilities will keep you informed that all obligations are being met. More Information >>