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OFFSITE DATA STORAGE & DATA PROTECTION SERVICES

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 Escrow

 

Escrow Services 

 

Escrow Agent 

 

 

 

 

 

DataBank World-Class Technology Escrow Services

 

Experience. Security. Responsiveness.

 

Intellectual Property is one of your key strategic assets. To protect these invaluable assets, you need a strategic partner as your independent technology escrow agent. That’s where DataBank comes in.

 

For more than 20 years, we’ve provided technology developers and licensees with secure solutions to licensing mission-critical software applications. DataBank brings together the best in technology, people and industry experience, and provides state-of-the-art secure facilities to ensure the maximum protection of intellectual property assets.

 

DataBank’s clients range from the top 100 global corporations to single-owner start-ups and our team has experience in all types of escrow agreement.

 

Trust DataBank

 

We serve as a trusted neutral third party to administer software and technology arrangements, and protect trade secrets and other proprietary information. We can assist you in creating a customised escrow program that meets even the most complex business challenges. We’ll work with you every step of the way to ensure compliance with the escrow agreement. The DataBank escrow service assures you of an experienced, responsive and trustworthy partner keeping intellectual assets safe and securely accessible over the life of software deposits in its custody.

 

How does the technology escrow program work?

 

DataBank knows the importance of quickly establishing fair escrow agreements. We expertly negotiate terms and review each agreement to ensure it can be effectively processed. In many cases, requirements are met by quickly adapting one of our standard DataBank agreements. DataBank verifies deposits as documented and safeguards them in environmentally-controlled, highly secure, state-of-the art vaults. In addition to maintaining a secure environment, DataBank experts also ensure that the conditions for access are carefully defined and that all access is accurately monitored, processed and recorded.

 

For licensees, we protect your investment by placing the source code in escrow. DataBank serves as a neutral third party by securing the escrow and other relevant information in our dedicated media vaults. Only pre-determined conditions and procedures can trigger the release of the deposited material. For developers, access to your technology assets is securely controlled. Clients can rest assured that access to critical intellectual property is available if a business disaster strikes. It’s a win-win.

 

What escrow services does DataBank offer?

 

  • Two-party agreement: accommodates the developer with a simple, economically structured escrow program for the benefit of multiple customers.
  • Three-party agreement: provides both the developer and licensee with a negotiable escrow program for a particular business transaction.
  • Custodial agreement: assists the developer in establishing an escrow to substantiate ownership of intellectual property.
  • Custom agreement: provides a highly flexible and specifically customised agreement to meet the individual customer’s needs.

 

What should you know about us and what this means to you

 

Service Features

Customer Benefits

World-class service since 1985

Unequalled reputation for developing comprehensive escrow solutions for companies around the world – both large and small in every industry

One of the industry’s largest and most trusted stewards of intellectual property

Peace of mind that your intellectual property investment is with a trusted, proven custodian

Notification of account activity, including updates

Complete visibility of deposited account activity

Same-day turnaround to process modified
agreements

Ability to manage contract resolutions in a timely manner

 

The Escrow Pricing Model

 

Single Licensee

Three party Escrow agreement  

Establishment Fee

One time start-up fee

Monthly Fee

Ongoing monthly fee 

 

 

Multiple Licensee – Two Party Escrow Agreement

Licensor, and a schedule of licensees

Establishment Fee

One time start-up fee

Monthly Fee - Licensor

Ongoing  monthly fee

 

Monthly Fee - Registrant

Ongoing monthly fee 

 

 

For further information about Escrow Services please contact

Nick Apostolakis Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

Phone: 1800 464 360 Fax: 1300 955 581

 
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