TECHNOLOGY ESCROW AGREEMENT

(Below is a sample outline of the major provisions found in this document. The actual document you generate from QuickForms may vary, depending on your answers to questions presented during the online interview). Back to Description

Identification of Parties.

1.     General Undertaking.

2.    Term of Agreement.

        (a)    Licensor Deposit Account.

        (b)    Licensee Registration Accounts.

3.    Creation of Escrow Accounts.

        (a)    Licensor Deposit Account.

        (b)    Licensee Registration Account.

4.    Deposit of Source Materials in Escrow.

        (a)    Description of Source Materials.

        (b)    Initial Deposit.

        (c)    Update to Deposits.

        (d)    Disposition of Outdated Source Materials.

5.    Verification of Deposits.

        (a)    Initial Deposit.

        (b)    Update Deposits.

6.    Notices.

7.    Escrow Agent Fees.

        (a)    Timely Payment.

        (b)    Certain Costs, Taxes.

        (c)    Invoices & Payment.

        (d)    Responsibility for Escrow Fees.

8.    Shipping, Risk of Loss.

9.    Maintenance of Records, Audit Rights.

10.    Conditions for Release of Source Materials.

11.    Release Procedures.

        (a)    Licensee's Demand for Release.

        (b)    Licensor's Response to Demand for Release.

        (c)    Release of Source Materials.

12.    Duplication, Use and Return of Source Materials.

        (a)    Duplication of Source Materials.

        (b)    Delivery to Licensee.

        (c)    Use of Source Materials by Licensee.

        (d)    Return of Source Materials.

        (e)    Payment Obligation of Licensee.

13.    Certain Proprietary Rights.

        (a)    The Software, Source Materials.

        (b)    Ownership of Media.

        (c)    Third Party Source Materials.

        (d)    Modifications, Derivative Works.

14.    Confidential Information.

        (a)    Acknowledgment of Confidentiality.

        (b)    Covenant Not to Disclose.

        (c)    Injunctive Relief.

15.    Warranties.

        (a)    By Escrow Agent.

        (b)    By Licensor.

        (c)    By Licensee.

16.    Limitation of Liabilities.

17.    Indemnification of Escrow Agent.

18.    Dispute Resolution Procedure.

19.    Termination.

20.     Compliance with Export Regulations.

21.    Miscellaneous.

Signature Block

SCHEDULES & EXHIBITS

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