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Your intellectual property, source code,
securely stored in Escrow with TIMG.
At TIMG we serve as a trusted, neutral third party to securely store source code for your critical software.
We can help your organisation create a customised escrow program that meets even the most complex business challenges. Your intellectual assets will be kept safe and securely accessible over the life of the escrow agreement.
Our team acts as your experienced, responsive and trustworthy partner.
UPLOAD YOUR SOURCE CODE DIRECTLY TO OUR SERVERS
Online Escrow
Custom-designed software
Our online escrow system is designed to allow deposits to be securely uploaded directly to our data centre.
256-bit encryption
Our 256-bit encryption keys are recognised cryptographic algorithms that fall within the recommended ACSC guidelines.
Immediate deposit recovery
Instead of the escrow media being couriered or posted to you, it can be recovered directly from our servers.
Australian servers
Your important information and is kept secure in Australia on Australian servers owned by TIMG.
What is an online escrow agreement?
The pricing, terms and conditions are the same as our secure escrow agreements service. The difference with online escrow is, instead of the escrow media being couriered or posted to us, it can be uploaded directly to our servers.
Our online escrow system is designed to allow deposits to be securely uploaded directly to our data centre. The electronic format of the deposit provides a more secure transit method. The system also provides reporting and an accurate audit history through a simple web portal.
Using our online escrow service will save you time and money, plus it’s quick and easy to set up.
Types of Escrow Agreement
Three party agreement
This is an agreement between a Licensor (software developer), a Licensee (software user) and TIMG as a neutral provider of escrow services.
Multiple licensee agreement
This is an agreement between a Licensor, multiple Licensees, and TIMG escrow services where, contract costs can be spread amongst all licensees for cost effectiveness.
Custodial agreement
This is an agreement between a software developer and TIMG escrow services where we securely store copies of source code or any type of intellectual property. This provides peace of mind for the developer.
Custom agreement
This is an agreement that is heavily edited to meet the specific requirements of parties wanting to articulate unique terms and conditions.
How does the technology escrow program work?
Agreement sent to TIMG Escrow
When a Licensor updates the software that is covered by the escrow agreement, a copy is sent to TIMG escrow services.
Secure storage and processing
We process the item into our secure vaults and a receipt is issued to all parties of the agreement. This is so that, should anything ever happen to the Licensor (such as insolvency), the Licensee can (through the parameters set out in the contract) access the code and take it to another company for support and development.
Want to find out more about Escrow pricing?
Enquire here or call us on 1800 464 360
Frequently asked Questions and Answers about Online Escrow
Online escrow | Intellectual Property Protection
An Escrow agreement essentially provides a protection mechanism between parties. This protection can take the form of guaranteed access to a version of software for which someone has paid a license, or it could relate to the determination of terms and conditions for the transfer of ownership of a property. The Escrow agreement will include a “non-invested” and neutral third-party known as the escrow holder. The third-party escrow holder will have the responsibility of securing and maintaining the integrity of the agreement as determined by the two “invested” parties.
In essence, an Escrow agreement involves a neutral third party who ensures that a transaction between two parties can be executed. These types of agreements can include mergers and acquisitions, intellectual property transactions where the preservation of access to software source code is ensured and real estate transactions.
Yes we can – by way of mutual agreement between all parties.
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