What is a Software Escrow Agreement?

Software escrow is a contract between a technology supplier and their client, which allows the latter to ensure the continuity of their business activity by securing access to the supplier’s software source code and other relevant documentation, in the event of supplier failure.

The contract will often include an independent third party, like Vaultinum, as the escrow agent and can be applied to SaaS, Cloud based or on-premise software.

Why Make a Software Escrow Agreement?

In one simple word? Protection

Bankruptcy, insolvency, change of ownership, maintenance or support issues and discontinuation of a specific software are all common circumstances that lead to supplier failure.

Software Client

With a software escrow in place, such events, known as ‘release conditions’, are agreed to in advance and formalized.If a release condition occurs, the client is granted access to the deposited source code, allowing them to continue using the software and ensuring business continuity.

Software Suppliers

Having a software escrow agreement brings a serious competitive advantage for suppliers as this offers clients and prospects reassurance in the event of supplier failure.

How does a Software Escrow Agreement work?

PRICING

At Vaultinum, a software escrow agreement is possible no matter the delivery method of software, whether it is installed on client machines, SaaS or cloud based. Vaultinum offers 3 types of software escrows depending on the needs of the supplier and client:

Access clause

360€/year

Encrypted deposit
Certificate of deposit
Free updates
Contract template
Legal team at your service
Dashboard access 
for beneficiaries
Vaultinum as Escrow Agent

Bipartite

600€/year

Encrypted deposit
Certificate of deposit
Free updates
Contract template
Legal team at your service
Dashboard access 
for beneficiaries
Vaultinum as Escrow Agent

Tripartite

960€/year

Encrypted deposit
Certificate of deposit
Free updates
Contract template
Legal team at your service
Dashboard access 
for beneficiaries
Vaultinum as Escrow Agent
Read more
Protecting What Matters

Enforcement of a Strict Access Procedure

If any of the release conditions agreed in the software escrow occurs, Vaultinum will implement a strict and transparent verification procedure, before allowing the beneficiary to access the escrowed elements.

Your Data is Safe with Us

Your data is encrypted and stored on our own servers, using the AES 256 encryption algorithm.

Coming soon

AUTOMATIC UPDATES

Update your escrow straight from your Git repository, automatically and periodically.

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