Technology escrow helps protect businesses that depend on critical technology or intellectual property owned by another party. InnovaSafe securely holds the agreed materials as an independent escrow agent and releases them only when the conditions defined in the escrow agreement are met.
What Can Be Protected?
- Software source code
- Databases and data
- Firmware
- Technical documentation
- Formulas and proprietary processes
- Hardware designs and specifications
- Other critical intellectual property
How Technology Escrow Works
- The technology owner deposits the agreed materials with InnovaSafe.
- InnovaSafe securely maintains the materials as an independent escrow agent.
- Materials are released to an authorized beneficiary only when the conditions in the agreement are satisfied.
Why Use an Independent Technology Escrow Agent?
Using an independent technology escrow agent helps protect both the technology owner and the beneficiary. The owner retains control of its intellectual property while the beneficiary gains assurance that critical materials are being securely maintained by a neutral third party.
InnovaSafe administers the escrow agreement, receives and maintains the agreed deposit materials, and follows the release conditions established by the parties. This helps reduce business continuity risk if a technology provider becomes unable or unwilling to support the product.
Technology escrow can also help software and technology providers satisfy customer risk-management requirements, strengthen commercial relationships, and demonstrate that appropriate continuity planning is in place.
Technology Escrow Solutions
InnovaSafe provides flexible escrow solutions for different types of technology and business relationships. Depending on your needs, we can protect traditional source code, SaaS applications, and other critical technology and intellectual property. We also offer flexible escrow agreement types to accommodate single or multiple beneficiaries.