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 »
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 »