Please be advised, that you really should NOT rely on the in is post as legal assistance and must seek consultation with an professional attorney.
Just about every software has a one of a kind code made by the programmers of the software. Source Code Escrow or Software program Escrow relates to depositing that distinctive programming source code of particular software program in the hands of a third party that acts as an agent.
An escrow agreement is necessary when the programmer is the owner of the code. In these situations the programmer typically does not provide the licensee a copy of the source code. This scenario can be really risky for the licensee given that the programmer may possibly abuse his possession of the source code. Moreover, the licensee may perhaps locate himself in a scenario that the programmer is out of .
The source code escrow agreement ought to consist of the following terms and conditions:
Deposit of source code - the agreement should certainly stipulate when will the programmer deposit the source code with the agent. The agreement must also state that modification of the source code will also be deposited with the agent.
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