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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
| SERVICES PROVIDED | Vaultinum View Profile | NCC 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 center location | Switzerland | UK , Germany, Switzerland, The Netherlands, USA |
* 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