Developers need a trusted partner to hold their source code and ensure their software users uninterrupted access. To put it simply, software escrow provides developers and users with valuable peace of mind.
If you’re in the business of creating mission-critical software applications, your customers need some kind of assurance that you—or at least your source code—will always be around, in case their software needs maintenance, updating, recompiling or reinstallation. Your reputation may be spotless, but your customers require more when making a major software purchase.
Escrow is that something extra. It’s a way of managing risk when two or more parties settle a software license. Once you have signed a software escrow contract, your source code is placed in a secure escrow account held by a trusted independent third party.
That means if in the future you’re not able to support the product for reasons specified in the escrow agreement—such as death, insolvency, merger or acquisition—your Clients will still have access to the source code they need to keep their mission-critical applications up and running.