Software Escrow: Lincoln-Parry SoftEscrow

 

Multi User Plan | Single User Plan | Multi Supplier Plan | Investor Security Plan | Copyright Protection

Single User Plan

 

Who should use it, and how does it work?

Licensed users of software products in machine code should have a Single User Plan (SUP) source code escrow for those applications that are critical to their business operations and that need continuing maintenance and development.

Investors financing new product development who wish to have collateral security can do so by insisting that source code be put into escrow at regular stages in the development process. Investor Security Plan

STEP 1 - Signing the Escrow Agreement

Download a sample copy of our SUP standard contract form for review by you or your lawyer. We invite amendments that tailor the form to the combined needs of the User and Supplier.

When both the User and Supplier have agreed on the form, they sign and send it to us for signature. If time is short, signed copies of the escrow agreement are exchanged via fax, and originals are sent later by courier or post.

STEP 2 - Depositing Source Code

We courier a special container to you (along with seals, certificate and instructions). Both the User and Supplier are present when the escrow materials are sealed into the container and certified. In that way, the completeness and authenticity of the contents is verified prior to deposit.

You then courier the sealed container back to us, and we store it in one of our many bank vault safety deposit boxes. It is our responsibility to keep the container safe and eventually return it with the seal unbroken.

Immediately upon receiving the sealed container, we will fax both the User and Supplier a notice confirming that we have received it.

STEP 3 - Adding Updates Later

When a new release is ready for escrow we send you another container into which a consolidated set of the new software is placed under seal following the same procedures as above, and returned to us. As always, we fax a confirmation of receipt to both parties. We do not open the old container and replace materials. The old container is retained until we are directed to return it, which may be automatically after receiving new releases, or only after receiving written instructions from the parties. The parties also decide how often new releases must be deposited under escrow.

STORAGE OF SOFTWARE

We are based in Toronto, Denver and Ottawa and during the past quarter of a century have served thousands of clients from all parts of the globe. Under normal circumstances, we use safety deposit boxes in bank vaults located near our offices, however we are able to store software in virtually any location if the parties so request.


FEES AND CHARGES

Fees
  

THE NEXT STEP

 

To view online or download our standard Canadian contract form:

   

If you wish more information on Lincoln-Parry SoftEscrow or to have a representative call:

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