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 […]
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In 2016 PRAXIS invented Automated Escrow as a way to keep up with the pace of near constant change in source code that occurs in agile software development. Automated software escrow depositing services ensure our clients have more updated software escrow deposits and remove the administrative burden of manually making software escrow deposits. PRAXIS’ clients
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Choosing a software partner is a big decision for any company, especially those in the SaaS space As a beneficiary, or end-user, who is licensing software from a provider, you will surely want to stay abreast to what is going on with your project. The only way to really know what’s going on throughout the
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One of the things we at PRAXIS strive to do is always stay ahead of the curve. The need for software escrow has changed over the years with the emergence of agile development practices and the adoption of software as a service for enterprise users. Despite these massive trends, the capability of escrow solutions were
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Software industry trends such as software-as-a-service (SaaS) and Agile development methodologies have dramatically impacted the software escrow industry and resulted in a reinvention of how the software escrow services are delivered and maintained over time to ensure value. Software escrow agreements are a necessary protection for enterprise software transactions and have been since the late
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