Escrow Software Programs | Escrow Software Services

Software escrow is typically an agreement between three parties – the software provider, the end-user, and the escrow agent. The primary goal of the software escrow agreement is to provide comfort and assurance to the software user in case the software provider is unwilling or unable to support the software. Under the agreement, the software provider hands over the source code and other necessary documentation to the escrow agent.

Technology escrow is a service that reduces the risk of acquiring technology. With an escrow contract, the developer's software source code or other intellectual property is stored in a secure escrow account managed by an escrow agent—a trustworthy third party. A combat vehicle or a battlefield intelligence tracking system, for example, could be a possible acquisition funded by technology escrow.

Now, when the vendor is still active and doing business, they cannot just provide the source code and other confidential materials to the licensee. It is a big business risk because there is no assurity that the licensee will keep the source code safe and confidential or make use for personal gain. This is why a software escrow and source code escrow is needed for a software provider.

Technology escrow is a service that mitigates the risk of technology acquisition. With an escrow contract, software source code or other IP from the developer is placed in a secure escrow account held by an escrow agent—a trusted independent third party. The deposit of software source code with a third-party escrow agent will be included in Software Technology Escrow Services. Software escrow is often requested by a party licensing software.