However, ownership of the source code of these programs remains the property of the company that creates it and is one of the parties to the escrow agreement, and decides on the measurement and requirements in which access to the software offered to the licensee will be facilitated. It is interesting to note that the final beneficiary of the bond is almost never part of the agreement, although it is considered a guarantee for future access for the purposes of the contract, as noted above. The contract is concluded between the source code applicant and a neutral third party or agent whose professional activity takes place in this category of administration, which has the appropriate security measures on its premises, in order to set up and ensure the proper functioning of the receiver account establishing the filing of the codes. Among the points agreed upon, in accordance with the custodian`s obligations, security measures, the obligation of confidentiality on the deposited material, the mechanisms for periodic updating of the Code in accordance with the latest version of the licensed software and as a guarantee of the viability of its obligations, the agent may carry out the necessary checks on them before receiving or updating the material deposited in the account. For certain transactions such as real estate, the fiduciary intermediary may open a trust account on which funds are deposited. Cash is traditionally the capital that people entrust to a trustee. But today, any asset that has value can be put into trust, including shares, bonds, deeds, mortgages, patents or an examination. Currently, the term escrow refers to a security device used in many commercial transactions. Payment is usually made with the agent. The buyer can perform due diligence for his potential acquisition – as . B a home visit or financing guarantee – while ensuring the seller`s ability to close the purchase. If the purchase is in progress, the fiduciary applies the money to the purchase price.

If the terms of the agreement are not met or the agreement fails, the fiduciary can refund the money to the purchaser. A trust account, also known as a deposit or receiver account, is the most useful mechanism for obtaining payment to a seller and the buyer who correctly receives the goods or services. They are called trust payments. The property given in the deposit and the deposited document are called trustees. And leaving that item in the deposit is bound to be in trust. Finally, in the fourth sense, we note that the term treuhand may refer to the contract by which such a surety is constituted (the general agreement that a legal document or property is delivered to a third party until a condition arrives). Which, or rather, should be characterized as a trust agreement. The basics of accounting reform: IAS/IFRS, approved by the European Union, contains a series of new features in our general accounting plan, which allow us to finally assess the impact of the data contained in a trust agreement in order to assess the remuneration for the operation of intangible assets resulting from the invention, such as the source code (it should be noted that this is not the only good thing that can be marketed at Treuhand`s headquarters, but if one of them is the most suitable). Trust contracts are often used in real estate transactions. Securities agents in the United States, notaries in civil countries and lawyers in other parts of the world routinely act as agents by holding the seller`s deed on real estate.