Software Escrow
for Developers...
For software developers, the software escrow agreement would be set up to ensure the ongoing maintenance and continuity of the software while protecting their intellectual property (IP).
Benefits for Developers:
- Builds Trust:
- Demonstrates a commitment to customer continuity, enhancing trust and credibility with clients
- Increases Sales
- Provides assurance to customers, particularly large or critical organizations, who may require source code protection before licensing software
- Protects Intellectual Property
- The developer retains ownership rights to their software while providing a safety net for their customers
- Risk Mitigation
- Offers a way to manage the risk of unforeseen developer failures without losing clients' business.