Escrow trust agreement - Legal lexicon
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Legal lexicon > Escrow trust agreement

Escrow trust agreement

The escrow trust agreement is an agreement between the supplier and its creditor which allows the supplier to give source codes of a software as security in order obtain a financing. The source codes of the software are transferred to the trust patrimony which will be the owner thereof and a trustee will be responsible of it for the term of the escrow trust.

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