Hardware Escrow

Protect What You Build. Physically.

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Your hardware is more than a product — it’s schematics, bills of materials, manufacturing instructions, and years of engineering work. If something happens to the company behind it, your customers shouldn’t lose the ability to manufacture, service, or maintain what they’ve already bought. PRAXIS Hardware Escrow makes sure they don’t have to.

Why Hardware Escrow

When a hardware purchase agreement locks a customer into a single manufacturer for parts, service, and continuity, that customer is taking on real risk. Hardware Escrow gives them a documented, legally binding safety net — access to the materials required to keep their hardware running, without disrupting your day-to-day business or exposing your IP unless a defined trigger event actually occurs.

What’s Held in Escrow

  • Product designs and schematics
  • Bills of materials (BOM)
  • Manufacturing and assembly instructions
  • Related technical documentation

How It Works

  1. Deposit — You securely deposit your hardware materials with PRAXIS, in physical storage built specifically for it.
  2. Verify — Schedule a Directed Escrow Deposit Review, a guided session where a designated reviewer confirms your deposit is complete — without ever taking a copy away.
  3. Release, only if needed — If a defined trigger event occurs (and isn’t cured), your beneficiary gains access to exactly what they need to keep going.

PRAXIS holds your materials in secure, purpose-built physical storage — never released, never disclosed, until a real trigger event says otherwise.

"I looked at the classic providers and luckily I continued my search because I remembered the past difficulties with these classic providers. PRAXIS had all the things I was looking for, seamless integration to my development environment, streamlined onboarding processing for new clients, straight forwards pricing model and a responsive customer support mechanism. To date, I have recommended PRAXIS to other startups in a similar situations and will continue to do so."
open legacy praxis escrow
Hans Otharsson,
OpenLegacy

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Frequently Asked Questions

A technology escrow agreement is a type of escrow agreement that can service a very wide range of technology related transactions including but not limited to embedded technology agreements, joint ventures, OEM contracts, IoT agreements and many many more types of arrangements. Anytime a party is relying on business-critical technology that they do not own it might make sense to consider whether or not a technology escrow agreement would be helpful should the technology provider fail to live up to their obligations.

The depositor and beneficiary are often at odds on this issue. Commonly depositors view a request or requirement for an escrow agreement as an insult or some form of distrust. Also, the escrow means extra work and risk for the depositor so they are often reluctant to agree to and fulfill the escrow. The beneficiary is simply trying to protect their business and their investment. As such, the escrow agreement should be negotiated in tandem with the larger agreement (i.e. Software license, SaaS agreement & etc.) and signed at the same time as the larger agreement. Once the larger agreement is signed, the beneficiary loses all leverage with regards to requiring the depositor to fulfill their escrow requirements. The signed escrow agreement is the first step on the continuum of escrow protection, but it Is critical because without the agreement in place the balance of the protections cannot be accessed.

PRAXIS Escrow stands out among technology escrow companies due to its industry-leading expertise. Our comprehensive technology escrow services go beyond storage, acting as a neutral third party to manage the deposit and release of your assets securely.

Absolutely. PRAXIS Escrow offers fully customizable technology escrow agreements to suit your specific business requirements. Whether you’re a software developer, licensee, or investor, our team can tailor an agreement that aligns perfectly with your goals.

Our tech escrow services provide a secure environment for your technology assets. This mitigates the risk of business disruption by ensuring access to critical resources when needed. PRAXIS Escrow’s reputation is built on delivering reliable and secure services to businesses across various industries.

PRAXIS Escrow is trusted by leading businesses for its unwavering commitment to security and reliability. Our track record as one of the top technology escrow companies speaks for itself. We prioritize your business continuity and intellectual property protection.

Initiating your journey with PRAXIS is easy. Contact us today to discuss your specific needs, and our dedicated team will guide you through the process of securing your technological future. Choose PRAXIS for unmatched technology escrow services tailored to your business goals.

Why PRAXIS?

PRAXIS offers the right mix of agreement flexibility, quality protections and experience to help you get real value from your escrow agreement.
PRAXIS Continuum of protection Chart

Contact Us for Unmatched Technology Escrow Solutions

Ready to fortify your business with cutting-edge technology escrow services? Reach out to PRAXIS Escrow today to discuss your specific needs. Our team is dedicated to providing tailored solutions that guarantee the security and continuity of your technology investments. Choose PRAXIS for a future safeguarded against uncertainties.

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