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ITx 2016 Conference Programme

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Software Escrow: Tips and Traps

Tuesday 11:20am - 11:50am, IITP (IITP Room 2)

It is important to consider at the outset of any project whether an escrow agreement is needed, in what circumstances a release should be triggered, and whether that release will actually give the client the protection they envisioned.

A bulletproof escrow agreement is no use unless the parties to it actually follow through on their obligations and make deposits regularly.

Mei Fern Johnson will explain in lay terms what an escrow arrangement entails and how you can put one in place in New Zealand. She will also explain the key terms and conditions required for an escrow arrangement, including the trips and traps when agreeing to such terms and conditions.

Chris Curran will discuss how to prevent things going wrong with escrow agreements, and how to act if they do.

View slides for this presentation

Speakers

Mei Fern Johnson

ICT partner, Russell McVeagh

Mei Fern Johnson is a specialist ICT partner at Russell McVeagh, one of the largest law firms in New Zealand.

She has advised on ICT and technology contracts since 2002, working with technology-dependent corporates, government and public sector clients.

She is also an expert in technology contracting with the Government, having acted for numerous Government purchasers of ICT services. Further, she advises on procurement processes designed to achieve best value for money procurement for her clients. She works alongside her clients' ICT, internal legal and procurement teams.

Chris Curran

Partner, Russell McVeagh

Chris Curran is a commercial and public law litigation partner at Russell McVeagh with a particular interest in ICT disputes.

He has advised and represented clients involved in complex multi-party ICT proceedings, including on contract, tort and intellectual property issues.

He has appeared in numerous cases at every level of the New Zealand Court system.