What’s At Stake
Like artistic works and inventions, software is a product of the mind. In
other words, it’s intellectual property.
That makes it uniquely subject to a number of risks. For example, it’s easy
to steal. In fact, the theft of U.S. intellectual property has been called
“the greatest transfer of wealth in human history.”
It’s subject to other dangers, too, and those dangers do not just affect
the software vendor.
Software must be reliable, not only when considering bugs and downtime, but
good software requires a stable and reliable software vendor. Prospective
customers – especially business customers – heavily rely on software to
do their daily business and if the software vendor fails to support their
software or simply disappears the customer can find themselves in a world of
Protection from the Worst
Software escrow can’t eliminate all ... (more)
EscrowTech maintains its primary offices at the Technology Law Center south
of Salt Lake City, Utah. This is also where your deposited materials are
stored – inside a dedicated, secure vault. The multiple levels of security
that keep this site safe include video monitoring networks, card-key systems,
constant surveillance, and a fire suppression system. This maintains security
and safety for your escrowed materials, but the purpose of escrow isn’t
only to plan for what you expect. It’s also to protect you and your company
from the unexpected.
That’s why we maintain off site stor... (more)
All around the globe, companies license custom software that is critical to
their business. Developing your own proprietary software can cost millions.
For most industries, licensing pre-existing software for daily operations is
both less expensive and less of a hassle to maintain. Yet how do you ensure
that the company you’re licensing from doesn’t go out of business or
otherwise breach a licensing contract? You can’t, and that’s why
companies like EscrowTech exist.
Software and its source code can be stored, verified, and updated with us.
This protects the vendor as they only ... (more)
There are several steps to keep in mind when agreeing upon a software escrow:
The most important thing to decide for your company is which software
applications should be escrowed in the first place. If software is
mission-critical or difficult to replace, it should be escrowed. Ensure that
the release terms in your escrow agreement are clear. Make sure both broad
situations and detailed possibilities are both covered. Make sure your own
company’s escrow policies are being followed. Often, companies set rules
for themselves that apply to specific situations like escrow. However li... (more)
“Conception of the invention,” is a bit of a funny phrase. Yet under
patent laws, it can make or break someone’s life. In disputes between
companies and inventors over an invention and its patent, whoever can prove
“conception of the invention” can often win.
This means having documents, drawings, and disclosures about the intellectual
property (IP) or invention’s history. This isn’t just about keeping an
invention safe; it’s also about creating a trail.
An “actual reduction to practice of the invention” is another phrase, and
that one feels even more impermeable. This means the ... (more)