PRAXIS offers the right mix of agreement flexibility, quality protections and experience to help you get real value from your escrow agreement.
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Trade Secret EscrowAnytime an organization is relying upon business critical intellectual property that is owned by another party a contingency plan may be prudent to ensure business continuity. A well-structured escrow agreement can protect the owner’s IP while providing the beneficiary with conditional access in certain, pre-negotiated circumstances.
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PRAXIS provides escrow services to support:
- Patent license agreements
- OEM agreements
- Embedded technology agreements
- Manufacturing agreements
- Reseller agreements
- Merger & acquisition activities
- Chemical formulas
- Manufacturing processes
- Client lists
- Signed patent assignment documents
- Disputed materials
- Total cessation of business
- Breach of support obligations
- Failure to deliver
- Price increases
- Change in ownership