04/05/2022 Legal
Software escrow is a three party agreement between a software developer (the depositor), the end user (beneficiary) and the Escrow Agent. The objective of a software escrow agreement is to provide comfort to the end user that if the software developer is unable or unwilling to support the software, the code can be released to them. The agreement outlines the responsibilities of all the parties and includes the pre-defined release conditions. Escrow Tech being a Software Escrow Agreement Company understands that your source code is your “crown jewels” and it should be protected accordingly. For all our clients’ we safeguard the highest level of information security and data protection. We are developer focused and recognise the pain of developers in negotiating software license agreements. We promise that the process of implementing a software escrow agreement with us will be simple and efficient.
Source code escrow services are a type of "middleman agreement" between software providers and customers to ensure that software applications and platforms are maintained regardless of any changes that may happen to the vendor. It involves the vendor sharing the source code with an escrow agent. We offer multi beneficiary agreements that allow you to always be covered when your clients’ request for you to place your code into escrow.
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