
Manage Vendor Risk and Disruptions
Cloud-based applications rely heavily on third-party vendors for ongoing support and service. If a vendor goes out of business, is acquired, or ceases service, it can lead to significant disruptions. A SaaS Escrow Agreement ensures that in the event of such a disruption, your business can gain immediate access to the SaaS application, its data, and its critical components. This guarantees minimal downtime and allows your business to continue operating smoothly.