Technology escrow-Transfer the Ownership

2007-03-08 10:33:40

( Business )



The impact of technological breakthroughs in the business sector has paved a way to a new kind of escrow. Technology escrow has been widely performed by different technology companies who may wan to transfer their ownership of a specific technology item to another institution. These processes are the main reasons of the proliferation of many tech ideas and products that are commercially manufactured.

Technology escrow is an agreement process which enables a third party institution to conduct transferring activities to an interested organization. You may observe that among the most commonly escrowed items are in the fields of scientific research or overall technological fabrication of items. This process may come because of different reasons that only the original owner has set up for its own intentions

There are several factors why a technology escrow might take place. Some companies can do a research and development process for a new technology product but the lack of budget may restrict them form manufacturing it. Also, the patenting processes of newly fabricated products may have some certain international patent issues that need to be resolved before even exposing it to the general public. In these cases, a technology escrow can be a better solution to maintain the confidentiality of the transfer of ownership using a code escrow agreement.

The ownership of a particular item or idea is very important in terms of verification of their integrity. If you are part of a technological breakthrough but is interested in transferring it to another party, you may involve an institution that can take care of this concern. A technology escrow would be a good choice for you to undertake. It will not only make the process have a credible value but will eventually give you more conveniences in establishing your rights over a technology property.


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