On-Premise Software Escrow Agreements
What is an On-Premise Software Escrow Agreement?
Essentially, it’s a standard Software Escrow Agreement that is designed specifically to protect business-critical applications installed on-site at your premises. This type of Software Escrow model is commonly referred to as Traditional Software Escrow.
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On-Premise Software Escrow for Safeguarding Source Code
For organisations using applications installed on-site, Software Escrow Agreements permit an independent specialist to hold and test a copy of your application's source code to ensure it is accurate and can be compiled independently in the event of a release. This protects you against the "what if?" scenarios and puts you in control of your third-party software investments, offering you assurances and continuity for the investments you make.
Without a business continuity plan in place, including measures such as a Software Escrow agreement, organisations risk significant financial and reputational consequences in the event of an unexpected disruption.
Benefits of an On-Premise Software Escrow Agreement from SES Secure
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Safeguard your investments
Software Escrow protects your investment in third-partydeveloped applications and ensures uninterrupted access.
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Ensure deposits are accurate
Escrow for software validates the source code for yourapplication, ensuring it can be rebuilt into a working application.
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Ensure business continuity
On-Premise Software Escrow ensures continuity for yourbusiness-critical, revenue-generating, highly customised or bespokeapplications.
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How does Software Escrow for On-Premise applications work?
Every business has unique requirements when it comes to Software Escrow protection, which means each of SES Secure’s Escrow agreements is tailored to specific needs.
Software Escrow protects your third-party software licence agreements and helps ensure business continuity.
• At SES Secure, our validation process confirms that all materials deposited into Escrow are complete, accurate, and capable of being successfully redeployed in their latest version when required.
• Should the supplier be unable to maintain the service, the source code and supporting documentation can be released to the end user.
• This allows organisations to ensure that they or a nominated third party can maintain the application and ensure business continuity.
• This service supports with the requirements of DORA and PRA regulations.
Additionally, an On-Premise Source Code Escrow arrangement is hugely beneficial for both Vendors and End-Users due to the level of trust, credibility, and peace of mind provided.
For End Users of business-critical applications, a Software Escrow Agreement protects you against the developer of your business-critical applications no longer being able to support their applications.
For Software Developers, an Escrow Agreement helps build credibility and trust that you have your clients interests at heart.
In its simplest form, an Escrow Agreement is a tri-party agreement between an End User, a Software Developer and a third party Software Escrow Agent. The Developer licenses the application to the End User as usual but also deposits a copy of the source code for the application and any other material required to accurately redeploy the application into Escrow which can then be released to the End User if a release event contained within the Escrow Agreement is triggered.
The answer to this is entirely dependent on the level of protection you need. SES offers a range of Software Escrow Agreements depending on how many clients will be added to the agreement (for Software Developers), how many business-critical applications the agreement will be used to cover (for End Users) and whether the application/s in question is installed on-premise or delivered through a SaaS model.
Secure your software’s future today
Our specialists are ready to develop a tailored Software Escrow strategy that protects your critical digital assets.
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