Software Escrow Arrangement Clauses
Insert these optional escrow clauses into a Software Maintenance Agreement, to stipulate the terms for escrow of the software.
- An escrow arrangement gives a level of comfort to customers who license the software that if the developer ceases to operate its business or fails to honor its obligations, the source code will be released to the customer.
- If the customer has paid its fees under the agreement, the supplier will provide the name and address of the escrow agent with whom it keeps a copy of its current working source code and object code.
- Any software customized for the customer is not kept in escrow.\
- These Software Escrow Arrangement clauses do not contain references to specific laws of any country.
Last Updated: 14-November-2017