Business continuity solutions protecting against legal and financial disasters
Protect your licensee without risking your software
Why have Software and Source Code Escrows?
When negotiating a software license, a prudent licensee may ask, “What happens if the software vendor goes out of business?” What usually follows is a request to access the source code and any other critical materials used to maintain the software.
Software Vendors
A licensee having access to source code or other confidential materials is a risk to their business. Software Escrows:
Smoother negotiations
Establishes confidence by addressing the concerns of the prospective licensees (those concerns may be unspoken)
Safe storage of source code and other materials with one company instead of scattered across multiple customers
Licensee
Not having access to the source code—and materials needed to maintain or update the software—is a risk to business. Source Code Escrows:
The ability and legal right to maintain, update and enhance mission critical software
Reduced chance of significant interruption of, or damage to, its business
Eliminate concerns regarding the software vendor’s capabilities
Business continuity
Simple Five-Step Process
For both parties, software escrows mitigate the inherit risk in software licenses by storing source code and other critical materials with an independent, neutral, third-party escrow agent. This independent and neutral storage is the key in mitigating risk to all parties involved.
Set the terms of the Software Escrow
During the initial setup of a software escrow, key aspects of the agreement need to be discussed and agreed upon.
Delivery of source code and materials
EscrowTech makes the submission process easy with multiple submission methods available.
Continuous updates to the escrow
As new versions of the software are developed, corresponding updates to the escrow occur.
A release condition occurs - escrow materials are released to the licensee
Once a release condition has occurred, EscrowTech will release the materials to the licensee, following the terms agreed upon in the escrow agreement.
Why EscrowTech is the Right Choice
25 Years of Experience
For over a quarter of a century, EscrowTech has helped thousands of customers all over the world with their software escrow needs.
Flexible Agreements
When our standard agreements don’t fit your unique situation, our in-house counsel can work with your attorney to customize them.
Online Escrow Management
Upload source code, view account documents, pay bills, and more, all from the convenience of your web browser.
State-of-the-art Escrow Vaults
For over a quarter of a century, EscrowTech has securely stored materials for over half of the Fortune 500 at our two secure escrow vaults.
Two-Site Physical Storage
Source code is securely stored at two separate physical locations. This approach ensures that your source code is never lost, and will always be available in the event of a release.
Fees Locked for 3 Years
Predictable and fair, with no unpleasant surprises. For more information about fees, please visit our “Fees” page.
Satisfaction Guarantee
During the first year of your first escrow, if you are dissatisfied for any reason, you may terminate the escrow and receive a full refund of any escrow fees.
Superior Technical Expertise
We employ our own internal developers, allowing for a higher level of specialized technical capabilities.
Manage your escrow with
RealTime Escrow
Managing an escrow doesn’t have to be an expensive or time consuming process.
Submit escrow materials online
View status reports for one or multiple accounts online
Automatic semi annual status reports
View deposit confirmations online
Set up new agreements online
Register new licensees online
View signed account documents
Submit updated contact information
View and pay outstanding balances
