No value of any kind is received for initiation
fees. Those escrow agencies that levy such fees
do so only because they believe that the market will
bear
it. We believe that initiation or start up fees are
inappropriate for an escrow
relationship.
Contract Negotiation Fee -
NONE
Over
the years we have reviewed thousands of escrow agreements, both our own standard
agreements and those proposed by our clients and their legal advisors. We do this
extremely well and very efficiently, often getting back on the same day with an
answer. We consider this as part of the cost of doing business.
Additional Beneficiary Fee -
NONE
When a licensor designates many of its customers as additional beneficiaries
under an escrow, their names are placed into our file and remain there. As escrow
agent, we incur neither additional cost nor are we exposed to additional risk
whether the number of beneficiaries is ten or ten thousand.
Additional
Product Fee - NONE
Our standard sealed container is able to
hold 4 Cds or 5 DATs, and the number of products stored on them does not matter.
As escrow agent we neither incur additional cost nor are we exposed to additional
risk whether the number of products under escrow is few or many.