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Software escrow is typically an agreement between three parties – the software provider, the end-user, and the escrow agent. The primary goal of the software escrow agreement is to provide comfort and assurance to the software user in case the software provider is unwilling or unable support.
From a customer’s perspective, you should use a software escrow if you feel like the software provider may go out of business or is unable to continue the service in the future or Bankrupt or any reason whatsoever. From a provider’s perspective, you cannot just hand over the source code to the user.
There are primarily two types of escrows – software escrow (source code escrow) and technology escrow.While researching what a software escrow is, you have probably come across companies calling escrows several types of names. This list here will hopefully clear up some of the confusion.
Software escrow is typically an agreement between three parties – the software provider, the end-user, and the escrow agent. The primary goal of the software escrow agreement is to provide comfort and assurance to the software user in case the software provider is unwilling or unable support.
From a customer’s perspective, you should use a software escrow if you feel like the software provider may go out of business or is unable to continue the service in the future or Bankrupt or any reason whatsoever. From a provider’s perspective, you cannot just hand over the source code to the user.
There are primarily two types of escrows – software escrow (source code escrow) and technology escrow.While researching what a software escrow is, you have probably come across companies calling escrows several types of names. This list here will hopefully clear up some of the confusion.
