In this week’s article we are discussing Software Escrow, how it works and the protections it offers to both users and developers of business-critical applications.
Software Escrow provides the mechanism for End Users of business-critical systems to legally access a copy of their source code in the event that the 3rd party software owner is no longer available to continue with the development and support of the application.
This solution is a simple way of ensuring the long-term availability of business-critical systems for end users whilst protecting intellectual property rights for software owners.
A Software Escrow Agreement allows an independent specialist to hold and test a copy of the application source code to make sure it is correct, complete and can be compiled independently in the event of a release. This protects End Users against the ‘what if’ scenarios and puts them in control of their 3rd party software investments, protecting against pre-agreed trigger events and offering assurances and continuity for the investments they make.
Because businesses have unique requirements when it comes to Software Escrow protection, SES have a library of standard framework agreements designed to suit every situation.
There are a significant number of benefits to both End Users and Developers of using Software Escrow protection, these include:
End Users benefits:
Software Developer benefits:
Next week we will be discussing Software Escrow for SaaS Applications delivered through a 3rd party ASP and debunking the myth that only traditional onsite applications can be protected with Software Escrow Agreements.
To discuss your Software Escrow requirements in more detail and discover how your organisation would benefit from the protection of Escrow, please get in touch to speak to one of our specialists.
© Financechain Limited trading as SES and ses-escrow.co.uk, 2019. Unauthorised use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Financechain Limited trading as SES and ses-escrow.co.uk, with appropriate and specific direction to the original content