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software escrow

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software escrow
Placing the source code of programs written by a software vendor into the hands of a third party throughout the development process and/or the term of the license. If the vendor goes out of business or fails to live up to the agreement, software escrow ensures that the customer still has access to the source code for future development and maintenance.


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There are companies that will handle the software escrow process for your organization for $2,000 to 3,000 per year.
And there has been a sharp increase in demand for software escrow services (see box).
The concept of a software escrow account and clients asking for control of the source code comes up much earlier during a technology selection.
 
 
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