Source Code Escrow
When you rely on software in your business, it is prudent to invest in a source code escrow service.
The more critical a piece of software is to your business, the more important it is to entrust an escrow agent (who could be any trusted, neutral third party) to hold an up to date copy of the source code for you.
The purpose of a source code escrow agreement is to safeguard your business if certain pre defined disaster situations were to occur which would prevent the licensor of the software from continuing to provide you with it. Under the source code agreement you would get access to the source code if those circumstances arose.
For example, if the developer goes bust you would then be able to continue using the software, and have it maintained by someone else. If the software was being used by hundreds of people, then you could between you find someone else to continue to maintain it.
It is important each time the software is upgraded or enhanced, that the corresponding updated version of the source code is lodged with the escrow agent. In this way the agent should always have the most up to date version of the source code.
We provide a competitive and reliable service. There is further information in our Frequently Asked Questions.
If you need legal work please call us on +44 (0)20 7700 1414 or if you prefer send us an enquiry using the form below. Depending on your requirements we may suggest a free meeting. This is often the best way to assess whether we would be the right firm for you, and to understand the work involved, your priorities, attitude to risk, and desired timescales.