PRAXIS offers the right mix of agreement flexibility, quality protections and experience to help you get real value from your escrow agreement.
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Source Code EscrowIn the event of software failure source code is typically required to modify, support or maintain an application. The practice of requiring a source code escrow as part of a larger transaction is the cornerstone of any protection plan for licensed technology assets or significant investments in technology.
Source code escrow agreements are often used to support:
- Software license agreements
- SaaS agreements
- OEM agreements
- Joint Ventures
- Embedded technologies
- Investments in software companies
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