Software source code is the backbone of your business-critical applications. Yet we often encounter myths about software escrow — usually from people who are unclear about how it works.
A software escrow agreement protects the developer’s intellectual property, while at the same time keeping a copy safe for the buyer, or licensee. An escrow agent, such as Iron Mountain, is a trusted, neutral third party that safely stores this source code until needed. If the developer ever goes bankrupt or can no longer support the software, the licensee requests a release of the source code from the escrow account which gives them options to keep their business up and running.
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