Today many SaaS applications are delivered as “private cloud” instances for dedicated use by one client only.
SaaS Credential Escrow agreements can also hold traditional escrow materials often including but not limited to source code, documentation, instructions, data and more.SaaS Credential Escrow solutions are evolving rapidly and can be customized to address a wide variety of concerns. Speak with your PRAXIS account Executive to learn more.
This type of escrow provides many benefits including:
Rapid access to the working application & data.
Reduced or eliminated downtime.
Economical application continuity
Credential Escrow agreements can hold a wide range of escrow materials including but not limited to:
Frequently Asked Questions
A technology escrow agreement is a type of escrow agreement that can service a very wide range of technology related transactions including but not limited to embedded technology agreements, joint ventures, OEM contracts, IoT agreements and many many more types of arrangements. Anytime a party is relying on business-critical technology that they do not own it might make sense to consider whether or not a technology escrow agreement would be helpful should the technology provider fail to live up to their obligations.