As your business grows, it’s difficult to rely on standardised applications to meet your ever-expanding requirements. You need something bespoke that suits your individual needs and can be scaled as your organisation develops.
This series of content will delve into a couple of agreements SES has created specifically for organisations having bespoke applications developed to ensure your investment in these applications is protected.
The first of these: the ‘Transfer of IP Agreement’ is a tri-party agreement between yourself, your Software Developer and SES which protects your investment when you have bespoke Software applications developed.
Having your Software Developer deposit into Escrow will secure the development trail and guarantee that the end product is independently witnessed, validated and available to you once the final payment has been completed. This provides the security that you are getting what you paid for.
The true value to this agreement lies in the Remote Code Validation Test performed on the application once it is complete. This test involves an SES Testing Consultant witnessing a full rebuild of the application via a secure remote connection and documenting the entire process. Once the validation test is complete, you will be provided with an audio and visual recording of the build which not only ensures you have the materials to accurately rebuild the application, but also an understanding of how the application is built, enabling you to continue supporting and developing the application going forward.
The Remote Code Validation Test is essential to this agreement as without there are no guarantees the final application will be complete and accurate. Also, you won’t possess the knowledge of how the application has been created which will simplify the ongoing support and development process.
SES is a trusted partner to clients in more than 40 countries. If you are interested in finding out more about how Escrow can protect your investment when procuring bespoke software applications, 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.