Research Material & Documentation.
EscrowNZ provides funders of Research & Development projects with the assurance that their investment is safe with a third party.
Security = peace of mind.
How does it work?
The escrow process is simple:
Many academic funding providers now require research material to be placed in escrow for up to 7 years.
Our escrow service provides a secure facility for research materials to be stored, gathered and recorded during a research and/or development project.
The escrowed material is only made accessible when a trigger event occurs, or the escrow agreement reaches its termination date. At this point, you may choose to have the material returned or securely destroyed.
Pricing.
The base cost model for our Research & Documentation service is simple.
One-off Setup fee: $195 + GST (waived for existing clients)
Escrow Term fee : $7000 + GST (for 7 years)
FAQs.
Who is this service for?
EscrowNZ provides simple escrow solutions for your source code, data or documentation. Our service is designed to maintain the integrity and security of any business or project, while protecting all parties involved.
How do I deliver my material for escrow?
A copy of your source code, data or documentation must be saved onto physical media. Coded shipping labels can then be printed from the EscrowNZ client portal and attached to the courier pack, ensuring the anonymity of your material. You can also drop material directly in to our Head Office.
What is a trigger event?
A trigger event is a particular situation that, should it occur, would prompt the release of the material in accordance with the terms set out in the contract. The events (such as liquidation, sale of the business etc) are agreed up front and detailed in the contract, ensuring that all parties have transparency and trust in the process.
How do I access my material if needed?
If a trigger event occurs and the material in question is set to be released, EscrowNZ will liaise with the relevant party to get the material to them – via courier or pick-up.
If any party would like to inspect the material, we will organise a time for all parties in the agreement to meet and review it (with oversight from EscrowNZ), to ensure the material is protected and securely deposited back into our vault.
“We have partnered with EscrowNZ for 13 years.
The team have provided professional, effective services with regular deposits and safe keeping of our customers’ software assets.”
—Head of Sales, Global Financial Software Solutions Company.