Why Businesses Use Software Source Code Escrow Services
Benefits of Software Escrow.
Organizations use escrow to reduce business risk, protect access to critical technology, and address contractual or continuity requirements. InnovaSafe provides independent software escrow solutions for software owners, software users, and legal counsel.
Support software sales, customer requirements, financing, and business continuity by providing independent escrow protection.
Protect investments in mission-critical software and reduce the risk of losing access to critical technology.
Help clients address technology risk, contractual requirements, intellectual property protection, and litigation-related needs.
When Does Software Escrow Make Sense?
Software escrow is particularly valuable when an organization depends on third-party software or technology for critical business operations. The greater the impact of losing access to that technology, the more important it becomes to have an independent continuity plan.
Common situations include:
- Mission-critical software that would be difficult to replace.
- Custom or highly specialized applications.
- Technology provided by a smaller or privately held vendor.
- Software supporting important customer or business operations.
- Contracts requiring additional continuity or risk protection.
- SaaS applications where continued availability of the application and data is important.
- Intellectual property that needs to be independently protected or preserved.
- Transactions involving acquisition, financing, litigation, or other business risks.
An escrow arrangement provides an independent mechanism for protecting critical materials while allowing the technology owner to retain control of its intellectual property. The appropriate escrow structure depends on the technology, the parties involved, and the risks being addressed.