TECHNOLOGY ESCROW FOR USERS
Access to your technology vendors’ knowhow (i.e. source code and documentation ) can provide business continuity to your crucial software.
A technology escrow arrangement for the deposit of the vendors’ source code is the most widespread and effective tool for protecting your business continuity when your software vendor files bankruptcy or experiences other operational catastrophes.
KEY FEATURES
The choice of either standard or customized escrow agreements, for worldwide legal jurisdictions.
Expert legal and technical advice for many customized solutions
Personal and fast service.
Professional indemnity insurance.
Maximum security vaulting.
Annual reporting of deposit activity.
Professional technical verification and reporting.
Administration – active follow up for updates/ new version
What is technology escrow?
Technology escrow is the deposit of the knowhow (ie source code) of a technology product with a third-party escrow agent. Escrow is typically requested by a party licensing software (the licensee), to ensure maintenance of the software instead of abandonment or orphaning. The software’s source code is released to the licensee if the licensor files for bankruptcy or otherwise fails to maintain and update the software as promised in the software license agreement. (Wikipedia)
