Products tagged with 'escrow agreement'

Place shares into escrow as part of a purchase and sale transaction with this template Escrow Agreement form.

• The purchaser agrees to deposit the shares with the trustee until the full amount of the purchase price has been paid to the seller.
• Any dividends declared on the shares while they are in escrow will be paid to the purchaser.
• There are clauses detailing the trustee's actions in the event of a dispute between the purchaser and seller.
• The trustee is to act as a depositary and has no liability other than for its own gross negligence or default.
• The purchaser and seller agree to indemnify the trustee against claims or damages.
• The trustee will hold the shares until receipt of a joint order from the other parties to release the shares.
• This Escrow Agreement for Shares is a generic legal form which does not contain specific references to the laws of any country.
• Available in MS Word format. You can customize it to fit your specific needs.

Developers, draw up an Escrow Agreement for the purchaser of a time share resort condo in Hawaii with this downloadable template.

• The purchase proceeds are placed in escrow until the transaction closes.
• Provisions of the Escrow Agreement include:
  • requirements of the escrow agent prior to disbursing funds after closing;
  • procedure for release of funds in the event that the transaction does not close;
  • procedure for dealing with unclaimed escrow funds;
  • what happens if the buyer defaults;
  • limited liability of the escrow agent.
• Available as a downloadable and fully editable MS Word template.
• Intended for use only in the State of Hawaii.

Place software into escrow with this comprehensive Software Escrow Agreement for Canadian software developers.

• Parties. The escrow is being set up in conjunction with software licence and maintenance agreements between a developer and a customer (licensee) who requires uninterrupted availability of the source code as an essential element of its business.
• Terms of Escrow. The developer will deposit the source code, documentation and related materials with the escrow agent following development, and will deposit upgrades to the software each time modifications are made.
• Role of Escrow Agent. The escrow agent will hold the materials in escrow until such time as it is instructed to release them in accordance with the agreement.
• Ownership of Materials. The developer remains the owner of all escrowed materials. The licensee's interest is limited to that of a licensee only.
• Indemnification. The developer and the customer both indemnify the escrow agent against all liability, damages or costs arising from its acting as escrow agent.
• Scope of Law. This is a U.S. legal document intended for use within the United States.
• How to Get the Form. You can download the MS Word document immediately after you purchase it. Other formats are available on request.

Set up an escrow to hold source code during the term of a license with this comprehensive Software Escrow Agreement for USA based developers.

• Purpose of Agreement. The escrow is being set up in connection with software licence and maintenance agreements between the developer and a customer (licensee) who requires uninterrupted availability of the source code as an essential element of its business.
• Escrowed Materials. The developer will deposit the source code, documentation and related materials with the escrow agent following development, and will deposit upgrades to the software each time modifications are made.
• Role of Escrow Agent. The escrow agent will hold the materials in escrow until such time as it is instructed to release them in accordance with the agreement.
• Ownership. The developer retains ownership of all escrowed materials. The licensee's interest is limited to that of a licensee only.
• Indemnification. The developer and the customer both indemnify the escrow agent against all liability, damages or costs arising from its acting as escrow agent.
• Governing Laws. This legal document is intended for use within the U.S. and makes reference to laws of the United States.
• How to Get the Form. You can download the MS Word document immediately after you purchase it. Other formats are available on request.

Introduction

This Software Escrow Agreement template is designed to assist UK software developers in placing source code in escrow. It ensures that customers who rely on uninterrupted access to the software's source code for their business operations can do so securely and reliably.

Purpose of the Agreement

The Escrow Agreement is established in connection with software license and maintenance agreements between the developer, referred to as the licensor, and the customer, known as the licensee. The licensee requires continuous availability of the source code, which is considered a critical component of its business.

Deposit of Source Code and Materials

Upon completion of development, the licensor is required to deposit the source code, accompanying documentation, and any related materials with the designated escrow agent. Additionally, the licensor must deposit any upgrades to the software following each modification.

Role of the Escrow Agent

The escrow agent is responsible for holding the deposited materials in escrow. The agent will retain custody of these materials until instructed to release them according to the terms specified in the agreement.

Fees and Termination

If the escrow agent's fees are not paid as agreed, the agent reserves the right to terminate the agreement and destroy the materials held in escrow.

Liability of the Escrow Agent

The escrow agent shall not incur any liability under the agreement except in cases of willful misconduct or gross negligence.

Deposit Form

The agreement includes a deposit form, which the licensor must complete each time materials are deposited into escrow.

Governing Law

This Escrow Agreement template is governed by English law, ensuring that all terms and conditions are interpreted and enforced under the relevant legal framework.