Does our lodgement get overwritten or deleted when a new lodgement is made?
Short answer – No. The nature of an escrow arrangement is that, once materials are lodged, neither the beneficiary or the owner can interfere with it – Ever. Let me give you an example of why this is important…
Lets say a developer and a customer have an escrow agreement with Harbinger, and the developer has done the right thing and uploaded their materials to the escrow agent. Then the developer and the customer have a disagreement. The developer may be aggrieved and may want to delete the escrow lodgement – or upload a replacement set of materials that doesn’t contain the right artefacts.
The escrow agent prevents the developer from interfering with previous lodgements.
In the event the escrow agent is required to release the materials, the escrow agent releases only the most recent set of materials. If those materials are incomplete, then there is some option to regress to earlier lodgements.