Multiple Beneficiary – Separated Products

WHO IT IS FOR

The Multiple Beneficiary – Separated Products “MB-SP” agreement is a multiple party agreement between a software vendor (owner), EscrowTech India and any additional number of beneficiaries (licensees) for multiple software products. This type of agreement is used when:

  • There is one software vendor
  • There will be one or more beneficiaries
  • The escrow materials contain different software projects
  • Not all beneficiaries should have access to all software projects

HOW IT WORKS

  • Beneficiary Registration Form – This form is used to add a beneficiary to the escrow account. In addition, if needed, this form allows each beneficiary to have unique release conditions different from other beneficiaries.
  • Deposit Materials – The actual source code, documents and any other important material.
  • Release Conditions – What must occur for the deposit materials to be released. See helpful contract language.