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Escrow Agreement: why it is beneficial to your business?

Escrow Agreement: why it is beneficial to your business?

by Marine Yborra | Mar 9, 2021 | Escrow

What is a software escrow agreement?A software escrow agreement is a contract between a software supplier and their client that grants the client access to the supplier’s software source code in the event of supplier deficiency (bankruptcy for example).Normally, the...
Escrow Agreement: best practice to ensure business continuity

Escrow Agreement: best practice to ensure business continuity

by Marine Yborra | Mar 3, 2021 | Escrow

What is a Software Escrow Agreement? DefinitionPlacing assets in escrow (“Escrow”) means entrusting the asset with a third-party who undertakes to safekeep and release it to another party upon the occurrence of a pre-defined event. A person or entity (“Digital...
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