Guard-IT Corporation
Description
Guard-IT provides escrow services to preserve and protect software source code, data, formulas, diagrams, digital assets and other intellectual property. Escrow resolves issues of access and possession of these assets by placing them with a neutral party for safekeeping. The escrow agreement declares the depositor’s ownership of the deposit materials, and designates clients, licensees, investors or other interested parties as beneficiaries to the escrow. It also predefines specific terms or “release conditions” that would trigger a release of the escrow deposit materials to a beneficiary. “Multi-User” agreements give developers an extra layer of intellectual property protection, control of the basic escrow terms and the flexibility to add any number of beneficiaries to a single agreement. “Single-User” agreements usually include specific terms that are exclusive to one beneficiary. Established in 1999, Austin, Texas-based Guard-IT serves clients in more than 36 countries, ranging from small software developers to Fortune 100 corporations, along with various city, state and federal agencies. The Guard-IT executive team brings together more than 65 years of combined experience in technology development, dispute resolution, intellectual property matters and corporate contract law.
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