Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How does a cross-border escrow service handle transactions involving different legal frameworks for intellectual property rights?

A cross-border escrow service, such as Castler’s Digital Identifier system, handles transactions involving different legal frameworks for intellectual property rights by ensuring that all parties involved in the transaction comply with the relevant laws and regulations. This is achieved by conducting due diligence on the intellectual property rights in question and verifying that they are valid and legally enforceable in the relevant jurisdictions.

The escrow service also ensures that all parties involved in the transaction are aware of their rights and obligations under the relevant laws and regulations. This includes providing guidance on issues such as licensing, copyright, and trademark law, as well as ensuring that all necessary documentation is in place to protect the interests of all parties involved.

In addition, the escrow service may also provide dispute resolution services in the event that there is a disagreement between the parties involved in the transaction. This can help to ensure that any disputes are resolved quickly and fairly, without the need for costly and time-consuming legal proceedings.

Overall, a cross-border escrow service plays a crucial role in ensuring that transactions involving intellectual property rights are conducted in a legally compliant and transparent manner, regardless of the different legal frameworks involved.