Technology Escrow

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

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

Introduction Open-source software forms the backbone of many modern applications and business-critical systems. While open-source licenses grant freedoms to use, modify, and distribute code, relying solely on open-source components without additional safeguards can expose companies to risks such as discontinuation, lack of updates, or loss of critical modifications. By placing open-source code into escrow with

When it comes to safeguarding critical software and technology assets through escrow agreements, the governing law can make a significant difference in ensuring robust protection and enforceability. Companies worldwide are increasingly choosing to have their escrow agreements governed by US law, given its reliability, clarity, and global reputation. This blog explores the top reasons why

In today’s digital age, businesses increasingly rely on custom software solutions to stay competitive and efficient. Whether it’s a specialized SaaS platform, proprietary algorithms, or a custom ERP system, the investment in bespoke development can be substantial. However, one critical aspect often overlooked is how to safeguard that investment: placing the source code, related documentation,

Download the Case Study here. Background A rapidly growing, multinational software holding company manages a diverse portfolio of software and SaaS businesses across multiple industries. With a primary focus on intellectual property (IP) as their most valuable asset, the company had been using disparate escrow providers and processes for each of their subsidiaries, resulting in

At PRAXIS Technology Escrow, we understand the critical importance of maintaining a comprehensive and secure record of your software and SaaS assets. Our Infinite Retention™ policy ensures that every version of your source code and other critical intellectual property is preserved indefinitely, providing unparalleled protection and peace of mind. How It Works With our Automated

Technology escrow agreements safeguard critical intellectual property (IP) by ensuring that escrowed materials are only distributed under predetermined conditions outlined in comprehensive agreements. At PRAXIS Technology Escrow, each agreement includes at least one Deposit Account—digital or physical—where all escrow materials are securely stored. Each Deposit Account is uniquely tailored, with its own list of beneficiaries