The U.S. Army sustainment community is addressing the challenges of emerging cyber threats, evolving technology, and innovation by near-peer adversaries. To support modernization efforts, the Army is reevaluating its approach to managing intellectual property (IP) which is vital for the military’s ability to modernize weapons systems while maintaining technological dominance. One such approach is technical …
This white paper outlines the ten best practices for beneficiaries when setting up software and Software as a Service (SaaS) escrow agreements. In the fast-paced world of technology, safeguarding digital assets is crucial. Escrow agreements act as a safety net, ensuring access to essential software and SaaS applications even in unforeseen circumstances. This document discusses …
About this series: The software / SaaS and technology escrow industry is unregulated but many states, industry organizations and corporations have implemented software escrow requirements to protect their investment in business critical software and SaaS applications. In this series of articles we will explore the different approaches taken to require escrow and discuss the challenges …
About this series: The software / SaaS and technology escrow industry is unregulated but many states, industry organizations and corporations have implemented software escrow requirements to protect their investment in business critical software and SaaS applications. In this series of articles we will explore the different approaches taken to require escrow and discuss the challenges …
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 …