Common Contracts
1 similar Escrow Agreement contracts
Software Source Code Escrow AgreementEscrow Agreement • November 15th, 2016
You pay someone to develop a software program for you (could even be a website, could even be something else), but they keep the source code (they often want to until the final payment clears their bank) – the part of the program that generates the application program that you actually use. What if something happens to the programmer(s)? They die (I know two who did!), go to Afghanistan (none have done that so far), disappear (does Mexico count?)… and now you can’t get any modifications or bug fixes to the software you’ve invested a lot of money in.
