Vital Elements Of A Source Code Escrow Agreement

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 source code under certain limited circumstances. There are vital elements of a source code escrow agreements including the deposit of the source code, the storage and verification of the source code as well as the availability must be considered.

The following questions have been addressed in this article:

What is the timing of the escrow agreement?
What should the deposit materials contain?
How is the filing for the release of deposit materials released?
How are the deposit materials stored?
What happens in the event of a bankruptcy?

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