Licensing Customized SoftwareThe use of customized software and its monetary investment have many practical considerations. If an entire business depends on this software and any failure in this software could bring a halt to the business, then the consequences could be dire. The negotiation of customized software also includes the negotiation of source code escrow agreements. Source code escrow agreements are an important feature of a custom software licensing deal. This type of agreement permits the licensee to obtain access to the software's all-important source code under certain limited circumstances.
The following questions have been addressed in this article:Who owns the customized software?
How long should the license be?
To get the most benefits for the customized software, what considerations should be involved?
What is a source code escrow agreement and how does it relate to the licensing of customized software?
What about warranties for the customized software?