In the competitive landscape of medical device manufacturing, trade secrets are often the lifeblood of businesses, providing them with a unique edge in the market. These trade secrets encompass a range of proprietary information, from manufacturing processes to formulations, crucial for maintaining a competitive advantage. However, when selling a medical manufacturing business built upon these

PRAXIS’ Automated Software Escrow Depositing and Technical Verification Services Ensure Uninterrupted Operations and Avoidance of Costly Repercussions for a Financial Services Giant In the rapidly evolving technology landscape, businesses rely heavily on mission-critical software for seamless operations. This case study explores the pivotal role played by PRAXIS’ solutions, namely Automated Escrow Depositing and Technical Verification

The U.S. Army sustainment community is addressing the challenges of emerging cyber threats, evolving technology, and innovation by near-peer adversaries. To support modernization efforts, the Army is reevaluating its approach to managing intellectual property (IP) which is vital for the military’s ability to modernize weapons systems while maintaining technological dominance. One such approach is technical

This white paper outlines the ten best practices for beneficiaries when setting up software and Software as a Service (SaaS) escrow agreements. In the fast-paced world of technology, safeguarding digital assets is crucial. Escrow agreements act as a safety net, ensuring access to essential software and SaaS applications even in unforeseen circumstances. This document discusses

About this series: The software / SaaS  and technology escrow industry is unregulated but many states, industry organizations and corporations have implemented software escrow requirements to protect their investment in business critical software and SaaS applications. In this series of articles we will explore the different approaches taken to require escrow and discuss the challenges