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Standard Release Process

The Licensee notifies Escrow Agent and Licensor that Release Event has occurred

Affidavit with specifics of the Release Event
The Licensor has specified number of days to respond
If the Licensor agrees Release Event has occurred, Escrow Agent delivers copy of the Escrowed Materials to the Licensee
If the Licensor does not respond, Escrow Agent delivers copy of the Escrowed Materials to the Licensee
If the Licensor in good faith disputes the occurrence of the Release Event

Affidavit with specifics of good faith dispute

Dispute submitted to [expedited] dispute resolution

Escrow Agent retains Escrowed Materials until final decision   

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