Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Technology Escrow Agreement
"I need a Technology Escrow Agreement to protect our company's interests as a beneficiary when licensing critical payment processing software from a startup, with quarterly verification requirements and specific release conditions if the vendor becomes insolvent or discontinues support."
1. Parties: Identifies the three main parties: Depositor (technology owner), Beneficiary (licensee/user), and Escrow Agent
2. Background: Explains the purpose of the escrow arrangement and relationship between parties
3. Definitions: Defines key terms including Deposit Materials, Release Events, Verification
4. Deposit Obligations: Details what materials must be deposited and maintenance requirements
5. Release Conditions: Specifies circumstances triggering release of escrowed materials
6. Escrow Agent Duties: Outlines responsibilities for secure storage and handling
7. Confidentiality: Confidentiality obligations for all parties
8. Term and Termination: Duration and termination provisions
9. Fees: Payment terms for escrow services
1. Verification Procedures: Detailed procedures for verifying deposited materials - used when parties require regular verification of deposit completeness
2. Step-in Rights: Rights of beneficiary to maintain/develop technology post-release - used when beneficiary needs explicit development rights
3. Insurance Requirements: Specific insurance obligations - used when handling particularly valuable materials
4. Multi-party Provisions: Handling multiple beneficiaries - used when multiple parties have rights to the escrowed materials
1. Deposit Materials Schedule: Detailed list of all materials to be deposited
2. Fee Schedule: Detailed breakdown of all fees and payment terms
3. Verification Testing Procedures: Technical procedures for verification testing
4. Release Request Form: Standard form for requesting release of materials
5. Contact Details Schedule: Key contacts for all parties and escalation procedures
Authors
Beneficiary
Confidential Information
Deposit Materials
Depositor
Effective Date
Escrow Agent
Intellectual Property Rights
License Agreement
Maintenance
Release Conditions
Release Event
Release Notice
Source Code
Technology
Term
Update
Verification
Verification Testing
Working Day
Documentation
Build Instructions
Development Tools
Third Party Materials
Deposit Fee
Storage Fee
Verification Fee
Release Fee
Designated Contact
Business Hours
Release Conditions
Verification
Confidentiality
Intellectual Property
Fees and Payment
Warranties and Representations
Storage and Security
Access Rights
Updates and Maintenance
Term and Termination
Force Majeure
Liability and Indemnification
Dispute Resolution
Governing Law
Assignment
Notices
Amendment
Severability
Entire Agreement
Third Party Rights
Data Protection
Escrow Agent Duties
Release Procedures
Audit Rights
Insurance
Business Continuity
Find the exact document you need
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.