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Software Escrow Agreement
Method of protecting against software vendor failure. A copy of the vendor's source code is kept by a trusted third party to ensure that the customer will have access to the source code in the event that the vendor is unable to support the software. If, for example, the vendor goes out of business, the trusted third party releases the source code to the customer, allowing the customer to maintain the software. Note that even with a software escrow agreement, for older pieces of software it may not be possible to find a developer with the skills or resources to modify or maintain the software.
Software Escrow
Software escrow means deposit of the software's source code into an account held by a third party escrow agent. Escrow is typically requested by a party licensing software to ensure maintenance of the software.
Software Source Code
Source code is the software's programming code represented in a particular programming language that humans can write and understand.
Escrow Agent
A person or company who is trusted to verify information and safeguard a copy of the source code and of the object code, or other form of intellectual property (Escrows).
Technology Escrows
Technology Escrows protect savvy or prudent licensees, customers and users of software, technology, products and intellectual property, and can be adapted to fit a wide variety of situations and needs.
Key Escrow
A data security measure in which a cryptographic key is entrusted to a third party. Under normal circumstances, the key is not released to someone other than the sender or receiver without proper authorization.
Escrow
Many suppliers of complex systems offer escrow licenses which give licensees an ultimate right of access to the software source code and development tools in the event that the supplier is unable to continue supporting the software.
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