What is software escrow?

The aim of the software escrow is to minimize the risks related to a development and maintenance of information systems. This service offers a safe deposit of source codes of application at a third, independent party – an escrow agent – based on a three-party agreement between the user, software producer, and escrow agent. If the conditions agreed on in the agreement are fulfilled (bankruptcy of the supplier, violation of the SLA), this agreement entitles the escrow agent to release the source codes to the user with the aim of continuing in maintenance and development of the software with some other partner.

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