Software Escrow is a simple and effective tri-party arrangement with mutually agreed terms between a software licensee, software vendor, and independent Software Escrow service provider. Under the terms of a Software Escrow Agreement, the software vendor periodically deposits a copy of the software source code and associated materials for secure storage with a Software Escrow service provider. The deposited material can then be accessed and released to the software licensee a if pre-determined release condition is met. Enabling the software licensee to maintain their business-critical software application, either in-house or with an alternative software vendor.
Our in-house Escrow legal team will work with the vendor and licensee to negotiate and agree on the terms of the Escrow Agreement.
Escrow agreementsOur in-house deposit management team will compile the deposit and store this in our secure physical or virtual Cloud vault.
Discover ViewOur in-house technical consultants will conduct an Escrow Verification exercise to confirm that the deposit is correct and complete.
Escrow verification
Discover Software Escrow services from Escode.
A Software Escrow Agreement is a simple and effective tri-party arrangement with mutually agreed terms between the software customer, software supplier, and Escode. Under the terms of the Software Escrow Agreement, the supplier periodically deposits a copy of the software source code and associated materials for secure storage, ensuring that the material can be accessed and released should the need arise.
Software Escrow Verification tests the source code and material held under the Software Escrow Agreement to ensure it is correct, complete and can be rebuilt into the working application, providing a higher level of resilience and business continuity assurance. Our in-house Verification consultants will detail all of the steps involved in the application rebuild in a comprehensive verification report.
Picture this: you, a business owner, have recently invested significantly in a tailored software solution to enhance operational efficiency. However, unforeseen financial challenges faced by the software developer suddenly place you in a precarious position.
What’s your strategic response? Enter the software escrow agreement—an invaluable solution to effectively navigate this challenge. In this comprehensive guide, we delve into the significance and benefits of software escrow agreements, providing expert insights on their strategic creation tailored to your specific requirements.
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"Working with NCC Group was easy, the team understood the importance of the Regional Nomination Platform to both the organisation and our strategic partners. The EaaS solution fitted our needs, the unique application and our business continuity plan.”
We provide adaptable Escrow agreements designed to suit your business requirements. Choose from Cloud or on-premises solutions, available in 17 jurisdictions.
Experience effortless integration, automated depositing and manage your Software Escrow solutions anytime, anywhere with View.
Market-leading security with 24/7 surveillance, secure physical and virtual Software Escrow vaults, and SOC2 monitoring.
Our dedicated in-house Software Escrow legal, verification and customer support teams are committed to providing support and guidance.
As your business expands, we stand ready to support your growth through ongoing product reviews and strategic vendor partnerships.
Learn how software escrow helps you mitigate risks and ensure your mission-critical systems remain unaffected through any circumstance.
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