TECHNOLOGY ESCROW
A risk management tool.
Protects parties with a vested interest in the same intellectual property.
Through a technology escrow services agreement the escrow agent protects both parties' interest in the intellectual property.
In an escrow, one party deposits money or documents with another (the “escrow agent”) for safekeeping. If an event specified in the escrow agreement occurs, the escrow agent must comply with the instructions in the agreement to deliver the money and⁄or documents to the other party to the transaction.
