Sentences with phrase «escrow agreement»

Consider whether there is a source code escrow agreement to facilitate this.

He has helped me to draft escrow agreements and all kinds of other legal documents to ensure all parties are satisfied and no one get sued after the transaction closes.

Whether mature, large, mid-size, or emerging startups, businesses will from time - to - time be pressured into signing technology escrow agreements with customers.

In - house counsel should be attuned to the assumptions and be in a position to respond as the business model changes (e.g. product pull ins or push outs, new partnership agreements, escrow agreements where doubts are raised with regard to bankability, etc.).

Calima has largely shielded its share price from any major selling pressure by securing voluntary, 12 - month escrow agreements from investors with 14 % of its post-bid capital.

Systems like bitcoin utilize technology known as «blockchain» or distributed ledger technology, which can also assist companies in a wide array of transaction - related matters, including implementing escrow agreements and other so - called «smart contracts».

Share - pooling and share escrow agreements, liability of corporate directors for actions of the corporation (995132 Ontario Limited v. 1149056 Ontario Inc. (2000), (Ont.

The customer may be on a drive to reduce the number of suppliers it relies on and may have decided to put escrow agreements in place with critical suppliers, for example those who supply products where a second source is not available.

Escrow agreements typically provide for the depositing of tangible items such as blueprints, sketches, quality, manufacturing and test instructions, and source code into an escrow account with an independent escrow agent.

Broker liable for failing to follow escrow agreement, Int» l Capital Corp. v. Moyer, No. 1-02-2401, 2004 WL 438976 (Ill..

It usually requires a lawyer to draft a proper Escrow Agreement.

Can the licensor - seller give you an escrow agreement to deliver a building, equipment, leasehold improvements, inventory, etc., as the unit is made ready for your use?

Other items to consider are voting rights, rights of first refusal (ROFRs), escrow agreements, transfer provisions, and other legal and tax implications.

«Under the terms of their escrow agreement, KNIC (the developer) agreed to obtain binding commitments for $ 158 million in Phase 1 for this project by March 26, 2016.

«NYCEDC offered to extend the deadline for our escrow agreement with the Kingsbridge National Ice Center in order to give them additional time to secure the financing and documentation necessary to move ahead with this project,» agency spokesman Anthony Hogrebe said in an email.

In response, an attorney for the developer said it has already satisfied the terms of the escrow agreement.

Even if yours doesn't, you might want to consider setting up an escrow agreement with your mortgage lender.

The parties sign an escrow agreement which requires them to provide certain documents and funds to the agent.

Acting as a neutral third party, we make certain that the conditions of your escrow agreement are met.

We offer a full range of investment options, including customized portfolios set up in accordance with the investment provisions established in the escrow agreement.

We have an escrow agreement for use when we, the firm, act as escrow agents for any reason, something we heartily discourage, but just in case.

Negotiating and drafting definitive agreements including share purchase agreements and asset purchase agreements, escrow agreements, non-competition agreements, vendor take - back loan and earn - out agreements, indemnity agreements, shareholders» agreements and employment agreements

Asset purchase agreements, escrow agreement, letters of intent, sale of business contracts and other documents for use when selling a business or business assets.

«For the larger M&A deals, I'm still doing the diligence and drafting of ancillary documents and escrow agreements but on other deals I'm drafting some of the primary deal documents.»

An escrow agreement generally provides for the release of the escrow materials from the account to the customer on the occurrence of certain defined triggering events such as insolvency, bankruptcy, and failure to supply.

Achieving a balance between the competing interests of suppliers and customers with regard to escrow agreements will almost always be a complicated and sensitive issue for negotiation.

The pressure to sign up to an escrow agreement may be quite intense, particularly where the customer threatens to terminate its business relationship with the supplier immediately or over time.

Escrow agreements can have significant shortcomings from both the supplier and customer's perspective.

Perhaps the most serious concern however from an organizational perspective is that escrow agreements can be a serious sinkhole for engineers» time, and the operations group.

The statement will also have to be accompanied by one or more of the following «substantiating documents»: the most recent audited annual financial statement and, if available, a current credit rating; a promissory note; an insurance policy or a certificate of insurance; an escrow agreement; a letter of credit; a line of credit agreement with funds available; a guarantee agreement; a security bond; a pledge agreement; an indemnity bond; or suretyship agreement.

Semi-conductor company outsourcing a part of its manufacturing line in a transaction that involved master outsourcing agreement, facilities agreement, intellectual property transfer (both by license and assignment) agreement, escrow agreements and numerous agreements with third party licensees

Partnership and Shareholder Agreements, Voting Trusts, Contracts, Leasing, Contractor Agreements, Escrow Agreements and Escrow Agent Services

The parties entered into an escrow agreement requiring that the purchasers pay $ 1 million into escrow pending the final disposition of the arbitration.

Lawyers practising in this area negotiate, prepare and review a wide range of technology - related agreements and policies ranging from software licences, development agreements, escrow agreements, distribution agreements, equipment leases and corporate policies relating to e-mail and Internet access by employees.

Chaired Drafted various corporate agreements, including stock purchase agreements, assets purchase agreements, escrow agreements and real estate financing agreements.

Buyer lawyers are not permitted to release the keys to their buyer clients until the registration of title or an escrow agreement, as described above, is complete.

The court will look at the terms of the escrow agreement that you sign with the qualified intermediary to determine who owns the funds, and most of those agreements in use today stipulate that you disclaim all «rights, title and interest» in the funds.

And, similarly, the escrow agreement limits your rights to receive, pledge, borrow or obtain any benefits from the funds.

A qualified escrow account is where your escrow agreement with the qualified intermediary expressly limits your rights to receive, pledge, borrow or obtain any benefits from funds held in the escrow account, but the funds are held in your name and not the name of the qualified intermediary.

While the Licensee had entered into a commission agreement with the Sellers, he was not a party to the escrow agreement and his consent was not required before these funds would be released.

But the court ruled that the Broker's unilateral decision to distribute the escrowed funds without receiving such authority in the escrow agreement constituted a breach of fiduciary duty.

Since the escrow agreement contained no distribution instructions in the event that the purchase contract did not close, the Broker could not release the escrowed funds without the consent of the Buyer.

The actions of the escrowee are governed by the terms of the escrow agreement.

The court first considered whether the escrow agreement prohibited the turning over of the Funds without the parties» signatures.

The Licensee also claimed that he did not release the funds because the letter from the attorney demanding release of the escrowed funds was not signed by the Sellers and the buyers, as required by the escrow agreement.

The court rejected that argument, ruling that the escrow agreement did not give the Broker the right to make such determinations.

In that case, the Utah Supreme Court stated that an escrow agent has a fiduciary duty to the beneficiaries of an escrow agreement.