software escrow

Software escrow is a service where a third-party agent holds and maintains a secure copy of a software’s source code and related materials. This arrangement ensures that, if the software vendor becomes unavailable, uncooperative, or unable to maintain the software, the licensee (the customer) can access the source code to continue operation or make necessary updates. It's a safeguard for businesses that rely heavily on specialized software, providing peace of mind that vital code will be accessible under specific circumstances, thus reducing dependency on a single vendor and protecting their investment.