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Vancouver Chapter Upcoming Event LES Vancouver Chapter Meeting Escrows and Escrow Agreements in Business Dealings The Vancouver chapter of the LICENSING EXECUTIVES SOCIETY invites all LES members and friends to a presentation by Grant Jones on uses for, and benefits of, escrow and escrow agreements in business dealings. Grant is an authority in the field of technology escrow and issues surrounding the role of a neutral third party in protecting intellectual property. The word escrow dates from 1598, when it was "escrowe" derived from escroue meaning "scrap, roll of parchment." Originally it meant "a deed delivered to a third person until a future condition is satisfied." The sense of "deposit held in trust or security" dates from 1888. Technology escrow is the best protection against mergers, bankruptcies or other events that affect the power of vendors to support their technology. A technology escrow agreement can mean the difference between losing mission-critical software that would cripple a company's operations, and continued business success. Escrow accounts can also serve to protect software from patent, copyright or trade secret infringement. U.S. courts have ruled that source code kept with a neutral third party helps meet the burden of proof for conception of an idea and serves as documentation of how a technology was developed. DATE: Thursday, November 4, 2004. TIME: 12:00 to 1:30 Lunch, presentation, and questions. SPEAKER: Grant Jones, Escrow Consultant SUBJECT: Escrows and Escrow Agreements in Business Dealings
PLACE:
COST:
SPEAKER: WHO SHOULD ATTEND: Professionals in with an interest in licensing, technology transfer, intellectual property administration and software protection. Please RSVP (with payment) no later than Thursday, October 28, 2004 to:
Lorraine Duke, Assistant to Hilton W.C. Sue
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