TECHNOLOGY ESCROW AGREEMENT
This Agreement (the "Agreement") is made as of ____________________________ (the "Effective Date") by and between:
Party One: _______________________________________________
Address: _______________________________________________
Party Two: _______________________________________________
Address: _______________________________________________
Each a "Party" and together the "Parties."
1. Deposit of Materials
Depositor shall place Materials listed in Exhibit A with Escrow Agent within ___________ days.
2. Verification
Escrow Agent verifies integrity and issues a report to Beneficiary.
3. Release Conditions
Escrow Agent releases Materials upon events in Exhibit B.
4. Fees
Depositor pays Escrow fees as per Exhibit C.
5. Term
Agreement remains until terminated by all Parties.
6. Liability
Escrow Agent liability limited to fees paid in past 12 months.
Signatures
PARTY ONE
PARTY TWO
By: _______________________________
By: _______________________________
Name: _______________________________
Name: _______________________________
Title: _______________________________
Title: _______________________________
Date: _______________________________
Date: _______________________________
Exhibit A – Deposited Materials
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Exhibit B – Release Conditions
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Exhibit C – Fee Schedule
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