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Software Escrow

A software escrow solution is a simple and effective arrangement designed to mitigate risk and protect all parties involved in the development, supply & use of business critical software.

Why spend thousands on purchasing and developing business critical software and not protect your investment?

In today's technology focused world, organisations are reliant on third party supplied software applications to carry out key business functions and processes. However, assuming that third parties will always be available to provide support and maintenance brings about a high element of risk.

The source code for the software, the expertise to implement it and the rights to the software belong to the software supplier or developer.

What happens if a supplier is unable to support and maintain a product following a merger, acquisition, legal dispute or insolvency? How can both the end user and supplier be protected?

Under an escrow agreement, a copy of the source code behind critical applications is held securely with both the end user and supplier's agreement, ensuring that the material can be accessed and released should the need arise. Once released, the end user can then maintain the software, working from the original source code, whether that be in-house or by engaging with another supplier.

You can find details of our most popular agreements, by going to our types of agreement page.

You can find out further information on how to further protect your investment in business critical software by going to our types of verification page and finding out more about Full Verification, Build Assured Verification & User Assured Verification.

To get a free consultation on your escrow requirements request a call back HERE at a time that suits you.

gCloud

 

Key Features

  • Minimises risk of using third party supplied business critical software
  • Essential part of business continuity and disaster recovery planning
  • Secure storage of business critical source code
  • Protects IPR for software suppliers
  • Provides protection during IT development

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