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Bidefort Global provides secure and independent escrow services for a range of needs that typically involve the transfer of high-value personal or business items or remote auctions. We also offer escrows for more complex situations, such as bespoke process control software or large industrial installations.

Stock transactions often use escrows to protect the buyer and the seller. Escrows are also used to deposit deferred stock bonuses for company executives. Once the prescribed retention period is over, the stock is released and can be sold or transferred.

Source code escrows secure software in the event that the supplier can no longer service the contract, but the customer for whom the code was written does not hold ownership rights. Information escrows secure intellectual property and other items, including music and lyrics, copyrights, designs, tv, and movie scripts. These are held in escrow to establish legal ownership rights with Bidefort Global, as the escrow agent attesting to ownership.

A recent development in this area has been the rise in NFTs or Non-Fungible Tokens. NFTs can be used to represent items such as photos, videos, audio, gifs, and other types of digital files.

Real estate and business property transactions are a more well-known use of escrows. Escrow arrangement is often used as a part of mergers and acquisitions to supplement the warranties and indemnities provided by the seller. This will be particularly likely where the buyer is concerned about the seller’s ability to fully fund the transaction. Corporate escrows tend to last for an extended period rather than on a single transactional basis.

Escrows contracts can be written for any transaction where there is doubt about the other parties’ ability to complete their part of the deal. Even if there is no trust issue, escrows protect both parties from unintended failures to deliver or the inability of the buyer to pay for goods and services.

Bidefort Global escrows provide:

  • Independence and neutrality
  • Secure international and domestic transaction
  • Protection for buyer and seller
  • Proven processes and procedures
  • Simplicity
  • Low fees