Solution - IP as Collateral for Financing
By some estimates, 80% today's intellectual property is classified as trade secrets rather than copyright or patents. Particularly for software companies, these trade secrets are ties up in source code and design documents.
When establishing a loan or line of credit, intellectual property is often used as collateral against the loan. Typically, the software company being given access to the funds usually puts the existing source code as well as revisions into escrow. Only upon a event detailed in the escrow agreement is the source code released.
Time is often of the essence, and tinyEscrow's efficient AssetStor solution can quickly and securely establish an escrow deposit account. tinyEscrow believes that no matter the size of the organizations involved, establishing an escrow account should never be an impediment to closing the deal.
