TECHNOLOGY ESCROW AGREEMENTSTechnology Escrow Agreement • September 4th, 2015
Contract Type FiledSeptember 4th, 2015The escrow agreement provides a vehicle for a service provider to deposit certain materials – traditionally source code – into escrow with a neutral third-party escrow agent who maintains the source code in a confidential depository, for the benefit of the customer. Common features of a typical escrow agreement are discussed below, together with a review of common drafting issues.