Why PRAXIS?
PRAXIS offers the right mix of agreement flexibility, industry experience and best in class protections to help you get real value from your escrow agreement. We turn problems into solutions at PRAXIS.
When customers come to us after experience with other companies, they often cite instances of poor customer service and inflexibility. At PRAXIS, we provide personalized attention with customizable templates so your agreements can be adapted to your needs. From start to finish, we work directly with you. This outstanding customer service is one of the leading reasons why we have earned a reputation in this field and why our customers stay with us.
Software Escrow
Source Code Escrow
In the event of software failure source code is typically required to modify, support or maintain an application. The practice of requiring a source code escrow as part of a larger transaction is the cornerstone of any protection plan for licensed technology assets or significant investments in technology.
Source code escrow agreements are often used to support:
- Software license agreements
- SaaS agreements
- OEM agreements
- Joint Ventures
- Partnerships
- Embedded technologies
- Investments in software companies
Technology Escrow
SaaS Escrow
Technology as Collateral Escrow
In today’s technology-driven world, intellectual property and software assets have become some of the most valuable resources a company possesses. When seeking financing, these assets can be leveraged as collateral in escrow agreements, giving businesses a powerful tool for securing loans without traditional physical collateral. PRAXIS Technology Escrow provides a secure, SOC2-compliant environment to protect these critical assets, ensuring that both lenders and borrowers have peace of mind.
Joint Venture Escrow
Joint ventures are becoming an increasingly popular way for companies to collaborate, innovate, and expand into new markets. However, entering into a joint venture involves significant risks, especially regarding intellectual property (IP) and the protection of critical assets. At PRAXIS Technology Escrow, we offer tailored escrow solutions designed specifically for joint ventures, ensuring that all parties involved can operate with confidence and security.
IP Escrow
Intellectual property (IP) such as scientific formulas, proprietary designs, manufacturing processes, and recipes are valuable assets that require robust protection. Whether you’re developing pharmaceuticals, innovative products, or unique manufacturing techniques, it’s critical to secure these valuable assets in case of business disputes, partnerships, or unforeseen events.
Quality Assurance
Deposit Material Evaluation (DME)
Once the escrow is complete and legal protection is in place DME (an optional service) will provide a detailed visual inspection of each escrow deposit and subsequent update to confirm:
A. Media is accessible
B. Passwords are included and functional
C. Visually confirm the presence of materials
D. Inventory the materials received
E. Provide a summary report
While these steps do not guarantee functionality, they do often find obvious shortfalls in escrow deposits.
