Technology escrow agreements are intended to provide end users with application continuity for mission critical, expensive or difficult to replace software and SaaS applications if the software vendor fails to perform, goes out of business or other pre-negotiated circumstances. All of the risks outlined below have been successfully addressed in escrow agreements in the past. …
Business critical software has become an integral part of modern business operations, and its value is recognized in various domains. To support innovation and growth, emerging software, SaaS and technology companies often seek financial assistance in the form of loans. However, lending institutions are naturally cautious about collateralizing intangible assets like software or other intellectual …
Leveraging Software / SaaS Escrow: Enabling Technology to Serve as Collateral for Loans Read More »
A software escrow agreement is a legally binding contract that outlines the conditions and terms for storing and releasing the source code or other critical materials of a software application to a third-party escrow agent. While the specific clauses included in a software escrow agreement may vary based on the parties involved and their specific …
What Are the Most Important Clauses in an Escrow Agreement? Read More »
Software escrow is a solution designed to protect the interests of all parties involved in a business critical software license,, including the software developer, the licensee, and the escrow agent. The purpose of software escrow is to ensure that the source code and other critical components of the software are available and usable in case …
SaaS, or Software as a Service, is a popular delivery model for software applications in which the provider hosts the application and makes it available to customers over the internet. SaaS has become an increasingly popular option for businesses of all sizes, as it eliminates the need for companies to invest in and manage their …
A software escrow agreement is a contractual agreement between a software vendor, a licensee, and a third-party escrow agent. It is used to protect the interests of the licensee in the event of the software vendor’s bankruptcy or other unforeseen circumstances that may result in the vendor’s inability to support the software. The agreement requires …
Software as a Service (SaaS) has revolutionized the way companies operate. It provides businesses with the flexibility to use software without having to invest in expensive hardware or infrastructure. However, as more companies move their data to SaaS providers, the risk of data loss when a SaaS provider goes out of business is becoming increasingly …
Software as a Service (SaaS) escrow and software escrow solutions are two distinct yet related concepts in the software industry. While both provide a form of protection for users of business critical software, there are fundamental differences between the two. This article aims to explain the differences between SaaS escrow and software escrow. To begin …
The Difference Between Software & SaaS Escrow Solutions Read More »
A seasoned technology attorney understands the importance of employing technology escrow services to ensure that a business client that relies on critical software has these added protections. Virginia Fournier walks through the key steps. Ever wonder how much you can save on automated escrow solutions? Check our calculator or read the article. Read her article …
10 tips to drive the greatest value from today’s escrow solutions Read More »
PRAXIS is proud to provide Redi2 with an Automated SaaS escrow solution that can keep pace with their rapidly growing technology. Learn More