Protect Your Source Code with Trusted Source Code Escrow Services
Protect your intellectual property and ensure business continuity with PRAXIS Escrow’s comprehensive source code escrow services.
PRAXIS Escrow is the leading provider of source code escrow services. We understand the significance of safeguarding the source code and full documentation for your business critical applications as part of business continuity planning. With our expertise in source code escrow agreements, we offer peace of mind and reliable protection for your software application continuity.
What is Source Code in Escrow?
Source code in escrow is a secure arrangement where a trusted third party holds and safeguards source code and critical documentation for continuity purposes. This ensures that in the event of unforeseen circumstances, such as vendor bankruptcy or discontinuation of support, you retain access to the source code, enabling you to maintain and enhance your software applications.
What is a Source Code Escrow Agreement?
A source code escrow agreement is a legally binding contract that outlines the terms and conditions of the source code escrow arrangement. It establishes the rights and responsibilities of the software vendor, the licensee, and the escrow agent. This agreement acts as a safety net, providing you with guaranteed access to your source code, ensuring business continuity.
Automated Source Code Escrow
“Set it and forget it” knowing that your escrow deposit is always updated. Save time and money while improving quality
Technical Verification Services
How do you know for certain that your escrow deposit is complete and functional?
SOC 2 Compliance
Our rigorous adherence to SOC 2 standards ensures that your data is handled with the highest level of confidentiality, integrity, and availability. You can trust that at PRAXIS, your data is in safe hands.
Customer Service
Responsive and friendly service that is 100% guaranteed to provide you with the best plan for you! Call us or email us today.
How does a Source Code Escrow Agreement Work With Praxis?
At PRAXIS, we provide comprehensive source code escrow services tailored to your specific needs. Our experienced escrow agents ensure the safekeeping of your source code, implementing stringent security measures to maintain confidentiality and integrity. Rest assured that your source code escrow requirements will be handled with the utmost professionalism and expertise. Here’s how it works:
Agreement Creation: We work closely with you to create a customized source code escrow agreement tailored to your specific needs and requirements.
Depositing the Source Code: Once the agreement is in place, the software vendor securely deposits the software’s source code with PRAXIS. As one of very few SOC2 certified source code escrow providers, we employ industry-standard encryption and security measures to ensure the confidentiality and integrity of your source code.
Escrow Account Management: PRAXIS acts as a neutral third-party escrow agent, managing the escrow account and maintaining strict confidentiality of the deposited source code.
Release Conditions: Release conditions are established within the agreement, typically triggered by predefined events such as a software vendor bankruptcy, failure to provide necessary updates or support, or any other contractual violation.
Verification Process: PRAXIS provides a full range of software testing services to verify that the escrow deposit is complete, accurate and functional.
Secure Release: If a release event occurs, PRAXIS administers the release process as defined in the escrow agreement and following the outcome of that process, PRAXIS securely distributes the source code to the designated beneficiary, enabling them to access and utilize the software.
Ongoing Maintenance: PRAXIS offers continuous support and maintenance throughout the escrow term, ensuring that your source code remains protected and up to date.
By engaging in a source code escrow agreement with PRAXIS, you can confidently mitigate risks, protect your intellectual property, and ensure the continuity of your business operations, even in unforeseen circumstances.
In 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.
- Software License
- Agreements
- SaaS agreements
- OEM agreements
- IOT agreements
- Joint Ventures
- Partnerships
- Embedded Technologies
- Investments in software companies
PRAXIS Technology Escrow provides:
- Automated Source Code Escrow - direct connectivity to GitHub, BitBucket , Microsoft TFS and most other source code archival systems eliminates administration and dramatically improves software escrow deposit frequency and quality.
- Technical Verification Services - our software engineers can test your escrow deposit to determine completeness and functionality. Know for certain! Learn more here.
- Customizable and Upgradable Solutions - flexible source code escrow agreements and multiple service options that grow with you.
- All-Inclusive Pricing - competitive fees with no surprises so you can budget with certainty.
- Experience - decades of experience to help answer your questions. Satisfaction guaranteed!
- Protection - Safeguard your valuable source code against potential risks and uncertainties, backed by our SOC 2 compliant practices. PRAXIS Technology Escrow provides a variety of software quality assurance services, in addition to software escrow, source code escrow, and SaaS escrow agreements.
- Business Continuity - Ensure uninterrupted access to your source code, enabling you to maintain and enhance your software applications.
- Confidence - Gain peace of mind knowing that your source code is in safe hands, managed by experienced escrow agents.
PRAXIS Technology Escrow provides flexible escrow solutions
Waterfall Development
Major versioning with new functionality released on specified frequency.
Agile Development
New functionality and releases added much more frequently, often weekly. Learn more about our Automated Escrow.
Get all your questions answered or get started today.
Frequently Asked Questions
Source code escrow is essentially the same a software escrow agreement with the exception that a software escrow agreement may require the deposit of additional materials such as name and address of Key Personnel, a list of third-party software tools, build instructions and other information into escrow. Source code escrow agreements are often only related to source code.
- How often does my vendor change or update the source code?
- How often are they required to update the escrow deposit?
- What is the impact to my business if a critical software vendor fails?
- In addition to source code, what would I need to support the software without the vendor?
- Who would help me support the software if my vendor fails?
- Do I have ready access to a functional backup of my data?
- What release conditions make sense for my situation?
- How can I use the escrow deposit materials?
Developers should consider making a source code escrow agreement for several important reasons:
Business Continuity: A source code escrow agreement acts as an insurance policy, safeguarding your software investment and ensuring business continuity. In the event of unforeseen circumstances such as the software vendor’s bankruptcy, acquisition, or inability to provide ongoing support, having a trusted escrow agent like PRAXIS enables you to access and maintain control over the source code, allowing you to continue using and maintaining your software.
Intellectual Property Protection: Source code is the foundation of your software’s functionality and represents valuable intellectual property. By depositing your source code with PRAXIS, you add an additional layer of protection against unauthorized access, theft, or misuse. PRAXIS follows stringent security protocols to keep your source code confidential and secure, giving you peace of mind regarding the protection of your intellectual property.
Vendor Compliance: A source code escrow agreement with PRAXIS incentivizes software vendors to remain compliant with their contractual obligations. Knowing that the source code is securely held in escrow and accessible to the beneficiary in case of non-compliance, vendors are motivated to fulfill their commitments, provide updates, and maintain ongoing support. This encourages a more accountable and reliable relationship between developers and vendors.
Customer Trust and Confidence: Offering a source code escrow agreement demonstrates your commitment to your clients’ interests and instills trust and confidence in your software products. It assures your customers that their investments are protected and that you have taken proactive measures to ensure the long-term viability of your software solutions.
Industry Best Practices: Source code escrow has become a standard industry practice, especially in mission-critical software deployments. By engaging in a source code escrow agreement with PRAXIS, you align yourself with best practices and industry standards, demonstrating your professionalism and commitment to responsible software development.
Overall, creating a source code escrow agreement is a proactive and strategic step that benefits developers by mitigating risks, protecting intellectual property, enhancing customer trust, and ensuring business continuity.
PRAXIS Escrow provides a secure and transparent process for checking the contents of the source code escrow. Here’s how you can verify what has been placed in the source code escrow with PRAXIS:
Agreement Terms: Start by reviewing the terms of your source code escrow agreement. This document should outline the specifics of what is included in the escrow, such as the source code files, related documentation, libraries, or any additional materials agreed upon.
Verification Process: PRAXIS Escrow follows a meticulous verification process to ensure the accuracy and completeness of the deposited source code. When a trigger event occurs or when you request a verification, PRAXIS initiates the process to confirm the availability and integrity of the escrowed materials.
Confirmation with Escrow Agent: Contact your designated PRAXIS Escrow agent to request a verification or inquire about the contents of the source code escrow. They will guide you through the necessary steps and provide the required information.
Secure Access: PRAXIS Escrow employs robust security measures to protect the confidentiality of the escrowed materials. Depending on the agreed-upon process, you may be granted secure access to review the contents within a controlled and monitored environment.
Non-Disclosure Agreement (NDA): In some cases, depending on the sensitivity of the source code, you may be required to sign a non-disclosure agreement (NDA) before accessing and reviewing the escrowed materials. This ensures that the confidentiality of the source code is maintained.
It’s important to note that the verification process and access to the source code escrow may be subject to the terms and conditions outlined in the escrow agreement. PRAXIS Escrow is committed to providing a transparent and secure process, enabling you to verify the contents and gain peace of mind regarding the protection of your software investment.
Companies that rely upon PRAXIS for software escrow protection:
Why PRAXIS?
Secure Your Source Code Today
Don’t leave your source code vulnerable to unforeseen circumstances. Secure your source code today with PRAXIS Escrow’s trusted source code escrow services. Contact us now to discuss your requirements and start safeguarding your valuable intellectual property.