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Software Escrow Agreement

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In this section: Software Escrow Agreement

 

What is "software escrow agreement"?

software escrow agreement is an agreement between a client and a developer, according to which a copy of the source code of a software will be given to a neutral third party - an escrow agent, for safe keeping.
The software escrow agreement specifies the conditions under which the agent would be allowed to release the source code to the client (For example, if the developer is under bankruptcy or going out of business).

 

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Software Escrow Agreement