Protect your investments in Intellectual Property
Source code escrow (also referred to as software escrow) is the deposit of software source code with a neutral 3rd party software escrow agent.
The software licensor securely deposits the application source code with the escrow agent. In the event that a vendor fails to meet the software license agreement or files for bankruptcy the source code can be released by the escrow agent to the licensee.
A source code escrow agreement is a contractual agreement that is drawn up between; the licensor/s, the licensee/s and the escrow agent. The agreement defines the boundaries of the source code escrow. If the terms of the escrow agreement are upheld then the deposited source code will remain safe and secure with the software escrow agent.
The advantages of a source code escrow follow:
The Source Code Escrow service entitles you to gain access to product source code in the following circumstances:
If one of the three events described above occurs - you will engage a legal counsel and provide the agent with a legally sworn statement giving the agent the reasons and the supporting evidence why you believe the product source code should be released to you. The Agent then checks and validates that what you have said is true and that you are a current subscriber to the relevant escrow service. If the Agent agrees that the product source code should be released to you - the Agent will do so.
There are severe restrictions on the usage of the source code once released to you. You get no title or rights of ownership to the source code. You can only use the source code to maintain your software application. You may not copy it, remove copyright notices, you may not sub-license it to other people, you may not use it to create a product or offer a service to another company etc. You can only give access to the source code to employees or contractors on a 'need to know' basis and you also agree to indemnify us and our successors against any loss.
See the official price list.
Contact our Sales Team to request a copy of the standard Source Code Escrow service agreement.
Our Source Code Escrow service partner is:
Lincoln-Parry SoftEscrow, Inc.
8 Faneuil Hall
Boston, MA 02109