Inspection and Verification Services

Go the Extra Mile!

All of EscrowTech's software and technology escrow services include our standard inspection at no cost. Upon request, EscrowTech provides more advanced technical verification services for a fee. These services help ensure that the Deposit Materials that EscrowTech receives from the Owner or Licensor are adequate and complete. EscrowTech recommends that technical verification be conducted on the Deposit Materials of any mission critical software.

Standard Inspection

EscrowTech's Standard Inspection is provided free of cost for our software escrow, technology escrow, IP audit, IP archive, and other services. This inspection consists of the following steps:

Expanded Inspection of Deposit Materials

Depending on the nature of the Deposit Materials and other factors, EscrowTech may be able to expand the Standard Inspection as mutually agreed to include other steps or procedures or to conduct specific checks for encryption, passwords or other security issues. An Expanded Inspection of Deposit Materials is not included unless agreed to in writing and would increase the fees for an escrow and/or result in additional services on a time and materials basis or fixed fee per service basis.

Technical Verification Services

Technical Verification Services are optional and are in addition to the Standard Inspection and Expanded Inspection services described above. The following conditions apply:

Options for Technical Verification

Option 1: No Verification

Beneficiary relies on the Standard Inspection (including certification by Owner and Physical Audit) and possibly Expanded Inspection. This is the most often selected option.

Option 2: Verification By EscrowTech

As described above, an EscrowTech Technical Verification Specialist conducts the agreed upon scope and type of verification ranging from generating file name listings to compilation of source code to create an executable program, or other agreed upon verification. Simple to very complex verifications are available.

Option 3: Verification by Beneficiary

A programmer or representative of the Beneficiary inspects and verifies Deposit Materials before they are sent to EscrowTech. After inspection and verification, the Deposit Materials are sealed or otherwise secured and sent to EscrowTech. The Beneficiary relies on the inspection and verification conducted by its programmer or representative.

Option 4: Verification by Third Party

A third party contractor acceptable to both the Owner and Beneficiary inspects and verifies Deposit Materials before they are sent to EscrowTech. After inspection and verification, the Deposit Materials are sealed or otherwise secured and sent to EscrowTech. The Beneficiary relies on the inspection and verification conducted by the third party contractor.

Option 5: Other Approaches

EscrowTech is willing to cooperate with other approaches to technical verification and can be consulted on other options.

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