Frequently Asked Questions and Answers about Software Escrow

Questions

Answers

  • What is the purpose of intellectual property risk management?
    Intellectual Property ("IP") intellectual property risk management provides the developer and licensee peace of mind. The basic premise of the agreement is to protect the licensee in case there is an unexpected disruption with their product, program or service. Developers and licensees trust InnovaSafe as a neutral third party to protect their proprietary material and administer the agreement in an equitable manner. Read more about the purpose of intellectual property risk management here.

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  • What type of intellectual property or technology should be protected?
    Generally, IT managers or IP attorneys may consider source code as the only type of IP to be protected, but that's simply not the case. The following is a list of IP works that need to be protected:
    • Proprietary Source Code
    • Databases
    • Lab Notebooks
    • Drawings
    • Ideas, outlines and plans
    • Foundational documentation
    • Anything that is proprietary in nature

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  • Why should you use InnovaSafe?
    Well, that depends. If you're the developer, having an intellectual property ("IP") intellectual property risk management agreement shows your client that you believe in your product and that you want a long-term relationship with them. If you're the licensee, you want your mission critical technology investment to be protected, 24/7 account access, and verification of the deposited media. If you are a lender and the loan you are making is asset backed and secured by the borrower's intellectual property, you will want to implement an agreement to provide for access to the intellectual property if the borrower fails to meet certain requirements.

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  • What are the fees?
    Please contact us.

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  • What type of agreements do you offer?
    We offer a variety of agreements to meet your requirements. Please click here to review a description of the agreements we offer and request a copy.

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  • Can we modify your agreements?
    Our standard agreements can be modified as long as all parties agree to the modifications. There is no fee to modify our standard agreements. Our IS2-E and IS3-E agreements can also be modified. An additional annual fee may apply depending on the changes that have been requested. Please review our agreements for details.

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  • Can "in force" agreements be amended?
    Yes, per the terms of the agreement.

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  • Do you provide deposit verification services?
    Yes. Verification is included in many of our standard agreements. Click here for complete details about our verification services.

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  • Please explain your release procedures?
    The release terms and procedures may be negotiated in the agreement. Whenever we receive a release request, we follow the terms of the agreement to the tee. Protecting your assets is our most important job. We will do everything in our power to administer a release fairly and expediently.

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  • How can we contact InnovaSafe?

    Please refer to our contact us page.

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