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Software Escrow: What is Software Escrow?

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Software Escrow is basically a protection for written software.

When you hire someone to make a working computer program for you (which is called a software), there are several decision points that need to be discussed. One of which is the keeping of source code. For those who are still not familiar with it, a source is a set of instructions that make up a software. It is basically a written computer language to make the software running.

In some cases, the author of a software does not include the source on the package. However, if the client wanted to keep the said source code, additional payment is usually required. With this, the client can make necessary modifications on the logic of the software to comply with current business process.

Going back to Software Escrow, this ensures that the owner of the code get the necessary protection with his work. For this, an escrow agent is being hired as a third party to keep the source code. So, depending on the transaction of the contractor and the client, this agent will give or not give the source code to the client. He serves as the code keeper and will just give it to the client if the owner permits it (maybe after payment).

We’ll give you more information about an escrow so stay tuned..

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Short URL: http://www.mapiles.com/?p=1931
Post ID: 1931
Date Posted: February 2, 2012
Date Modified: February 2, 2012
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  1. Sara Heyl says:
    November 13, 2009 at 4:46 pm

    For more information on best practices or to view a sample escrow agreement from the global leader in software escrow, NCC Group, please contact Sara Heyl at 408.441.4660 x115 or email Sara.Heyl@nccgroup.com.

  2. Sara Heyl says:
    November 13, 2009 at 4:46 pm

    For more information on best practices or to view a sample escrow agreement from the global leader in software escrow, NCC Group, please contact Sara Heyl at 408.441.4660 x115 or email Sara.Heyl@nccgroup.com.

  3. Nick Stewart says:
    December 12, 2009 at 8:42 am

    For more information on best practices or to view a sample agreements from the global leader in cost effective software escrow , TES PLC, please conatct Nick at uk +448450 176 737 or email nick.stewart@totalescrowsolutions.com

  4. Nick Stewart says:
    December 12, 2009 at 8:42 am

    For more information on best practices or to view a sample agreements from the global leader in cost effective software escrow , TES PLC, please conatct Nick at uk +448450 176 737 or email nick.stewart@totalescrowsolutions.com

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