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Escrow Agreement definition
The escrow agreement is a process whereby a supplier undertakes to entrust important elements to a third party escrow company in order to allow its clients/partners to access them in the event of default on its part.
The escrow contract takes the form of a contract between the various parties (bipartite or tripartite agreement) in which the conditions for the release of the items are specified.
Best Escrow providers
| COMPANY SERVICES PROVIDED | NCC View Profile | Vaultinum View Profile | Escrow direct View Profile | Escrow europe View Profile | Escrow london View Profile | Codekeeper View profile |
|---|---|---|---|---|---|---|
| Evaluation* | ||||||
| Probationary deposit | ✔ | ✔ | ||||
| Escrow Agreement two way | ✔ | ✔ | ✔ | ✔ | ✔ | |
| Escrow Agreement three way | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Deposit verification | ✔ | ✔ | ✔ | |||
| Physical deposit | ✔ | ✔ | ✔ | |||
| Digital deposit | ✔ | ✔ | ✔ | ✔ | ✔ | |
| SaaS Escrow | ✔ | ✔ | ✔ | ✔ | ✔ | |
| Online dashboard | ✔ | ✔ | ||||
| Automatic updates | ✔ | ✔ | ✔ | ✔ | ||
| Online contract creation | ✔ | |||||
| Iso 27001 | ✔ | ✔ | ✔ | ✔ | ||
| eIDAS compliant | ✔ | ✔ | ||||
| Timestamping | ✔ | ✔ | ✔ | |||
| Laboratory notes deposit | ✔ | |||||
| Legal assistance | ✔ | |||||
| Data encryption | ✔ | ✔ | ✔ | ✔ | ✔ | |
| Certificate issuance | ✔ | ✔ | ✔ | ✔ | ||
| API to SCM | ✔ | ✔ | ✔ | |||
| Data centre location | UK, Germany, Switzerland, The Netherlands, USA | Switzerland | The Netherlands | South Africa | England | The Netherlands |
* the above evaluations are carried out according to the number of criteria checked for each provider. The evaluations are divided as follow:
1 star = 1 to 3 filled criterion
2 stars = 4 to 6 filled criterion
3 stars = 7 to 9 filled criterion
4 stars = 10 to 13 filled criterion
5 stars = 14 to 18 filled criterion