Whats the use of escrow services for suppliers?

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Whats the use of escrow services for suppliers?

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Aren’t they considered to give away their intellectual property. HM. Indeed we speak of beneficiaries when we mean users. If something goes wrong, they receive the deposit, including source code. But I don’t agree with the statement that suppliers give away their intellectual property. They don’t. On the contrary, they secure it by depositing it. Our contract very clearly states that the IP remains property of the supplier, whatever happens. When a deposit is given to a user, he obtains the right to further develop the source code for it’s own purposes, nothing else and certainly no commercial objectives. A very significant penalty is foreseen in the contract. Herman Meuldermans, General Manager of Escrow Europe, holds a university degree in Social and Political Sciences from the Catholic University of Leuven. He started his career as an account manager for ING Insurance in Belgium and later worked as a principal consultant for almost six years for a Dutch consultancy bureau.

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