Common Contracts
2 similar Software Escrow Agreement contracts
How a Software Escrow Agreement Protects You and Your Business1 By Judith Silver, Esq., Coollawyer.comSoftware Escrow Agreement • May 28th, 2002
Software escrow means deposit of the source code of the software into an account held by a third party escrow agent. Escrow is typically requested by a party licensing software (the “licensee”), to ensure maintenance of the software. The software 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.
How a Software Escrow Agreement Protects You and Your Business1 By Judith Silver, Esq., Coollawyer.comSoftware Escrow Agreement • January 22nd, 2002
Software escrow means deposit of the source code of the software into an account held by a third party escrow agent. Escrow is typically requested by a party licensing software (the “licensee”), to ensure maintenance of the software. The software 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.
