Source code escrow is the deposit of the source code of software with an independent third-party escrow agent. The software's source code is released upon the happening of a trigger event that has been agreed between the parties.
For example, if the licensor files for bankruptcy or the licensor fails to maintain or update the software as promised in the software license agreement.
Source code escrow services are most often used for mission critical software where the licensee cannot risk the licensor going out of business or failing to maintain the software.
5 Simple steps - we do all the heavy lifting:
Step 1: Enter into a tri-party escrow agreement with EAGLEGATE which clearly defines the agreed Escrow release triggers.
Step 2: Delivery of source code and other materials to EAGLEGATE. Optionally secure onsite validation of the source code and other materials.
Step 3: Source Code and other escrow materials are securely stored in an off-line environment waiting for a release trigger event.
Step 4: Source Code and other escrow materials are updated. Optionally ongoing secure onsite validation of the source code and other materials.
Step 5: Release trigger event occurs and Source Code and other escrow materials are released.
We can create a package tailored to suit your specific needs and your budget. Our escrow expertise is matched by the fact our Principal has practical experience in the technology industry, including in encryption and imaging.