EscrowCybersecurityOpen Source SoftwareM&ATech Due DiligenceDepositTimestamping
Escrow Agreement: best practice to ensure business continuity

Escrow Agreement: best practice to ensure business continuity

An escrow agreement implies that a software supplier entrusts a third party with the escrow of essential elements of its product in order to enable a customer or partner to access these elements in specific cases defined in the contract, often linked to the supplier's default or a change of ownership.

To escrow an asset means, for the owner of the asset, to entrust it to a trusted third party who undertakes to keep it and possibly hand it over to a beneficiary designated by the owner only upon the occurrence of a predefined event.

What is Electronic Timestamping and how does it work?

What is Electronic Timestamping and how does it work?

The practice of associating a date and time with an event, also called “timestamping”, has its roots in the need to produce evidence to assert a right during a dispute or litigation.  But how do you verify the existence of electronic data? The digitalization of entire sectors of economic activity has led to the need for electronic timestamping.  This article will review the ‘what’ and ‘how’ of electronic timestamping in the overall legal context.