A software escrow agreement is no longer a niche legal tool. In today’s digital economy, where SaaS platforms and proprietary applications drive business operations, escrow agreements have become a critical safeguard for continuity and trust. At its core, a software escrow agreement establishes a contractual arrangement where a neutral third party—the escrow agent—holds source code, […]
If you’re delivering software or SaaS to enterprise clients, escrow is no longer just a “check-the-box” requirement—it’s a competitive advantage. Done right, it helps you protect your intellectual property, close more deals, reduce liability, and dramatically lower internal overhead. But not all escrow vendors are built for modern software development. This guide outlines the 8
In a recent Morningstar/Accesswire article, a lawsuit challenging the 2024 election in Rockland County, New York, has put election software under scrutiny. The plaintiff is requesting detailed voting machine data to validate accuracy and transparency in the result reporting What’s the Current Issue? With election integrity being a top concern, the lawsuit highlights how critical
Why Neutral Third‑Party Escrow Agents Are Essential for Election Software Integrity Read More »
While law firms are often trusted advisors in matters of contract law, intellectual property, and technology transactions, they are not well-equipped to serve as software escrow agents. Software escrow is a complex service that requires a blend of legal, technical, operational, and cybersecurity capabilities—competencies that most law firms simply do not possess. Using a law
Why Law Firms Are Not Qualified to Serve as Software Escrow Agents Read More »
What is SaaS Escrow? SaaS escrow is like a safety net for your business. When a company uses software that lives in the cloud (called SaaS, or Software as a Service), they depend on the software company to keep everything running. But what happens if that company goes out of business, gets bought, or just
SaaS Escrow Made Simple: Protecting Your Software and Your Business Read More »
The recent move by the Commission on Elections (Comelec) in the Philippines to deposit the Final Trusted Build Source Codes for the 2025 elections with the Bangko Sentral ng Pilipinas (BSP) shows a strong commitment to transparency and election software integrity. In an era of digital trust and cybersecurity risks, documenting the status of election
Download the Case Study Below: Background A mid-sized speech recognition software company, VoiceTech Solutions (a fictitious name for privacy reasons), developed AI-driven voice recognition solutions used by healthcare providers, call centers, and enterprise businesses. Despite its innovative technology, the company faced financial difficulties due to increased competition and a costly legal dispute. In an effort
When investing in a business-critical software application—whether it’s a custom-built solution or a customized software or SaaS platform—it’s tempting to focus solely on functionality and go-live dates. However, protecting your investment with a software escrow agreement from day one is equally important. Many software beneficiaries (end users, licensees, or investors) mistakenly assume that an escrow
Why You Must Secure a Software Escrow Agreement Before Development Starts—Not After. Read More »
Download the Case Study Below: Disclaimer: This case study is based on actual events; however, the names and specific details have been altered to protect the privacy of the companies involved. Overview A mid-sized remote water metering technology company, AquaFlow Technologies, was required to participate in a technical verification process as part of its software
Download the Case Study A leading multi-tenant property owner relies on a SaaS application to provide a comprehensive tenant management software portal. The company needs assurance that in the event of vendor failure, business operations continue uninterrupted. PRAXIS Technology Escrow provides a comprehensive SaaS escrow solution, including source code escrow, data escrow, and a Recovery