More Information for Software Developers

Why use an Escrow Agent

A founding principle of escrow agents is to remain neutral. It is important that your escrow agent is experienced and an independent third party that is not under the influence or control of either the end-user or the vendor. It is rarely a good idea to simply name one of the party’s lawyers or accountants as the escrow agent. Their duty is to their client – so there is a potential conflict of interest.
Harbinger is an independent and neutral third party who can administer escrow arrangements on your behalf.

Protection of your intellectual property

Software vendors also accrue some added benefits from escrowing their source code. Since Harbinger, as a neutral third party, dates and time-stamps all materials deposited into escrow, an escrow account creates an audit trail of the development of technology and provides independent validation of the ownership of the related intellectual property.

As Harbinger is an independent third party, it has the trust of the courts to vouch for the existence and ownership of your intellectual property.

Standard and Tailored Agreements

Harbinger’s recommended escrow inclusions are published as standard agreements. They are based on best practice and are made available to you as a simple and cost effective means of establishing a robust escrow agreement. However, Harbinger’s escrow professionals can also work with you to tailor agreements with the right level of protection that meet the demands of your corporate risk profile. 

Harbinger’s Advisory Services

Harbinger’s escrow services have been developed through decades of experience in software development, technology usage and IT law. They include the features and services our customers have told us they want.  However, your needs today are unique. We will advise you on the most appropriate services to achieve the level of protection you desire for your business.

Privacy and Security

You can take comfort from knowing that your data is always secure and protected. Our online data centre meets the strictest Australian Government ASIO data security requirements. All data is fully backed up to a secondary location in Harbinger’s own offline data vault. We understand technology and protect your interests with the integrity you – as a technology developer expect.

Harbinger provides unmatched intellectual property protection for vendors and end-users. Many of Australia’s top software developers trust Harbinger as their neutral third party to provide escrow services.

To find out more or to talk to one of our escrow specialists, please contact us on +61 3 9618 2000