This form is a Source Code Escrow Agreement. The form provides that as compensation for the services to be performed by the escrow agent, the licensee will pay the escrow agent a certain fee which is due at the time of execution of the agreement. The document also provides that neither the escrow agreement, nor any rights, liabilities or obligations may be assigned by the escrow agent without the prior written consent of the licensee and the licensor.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Look for terms like release conditions, maintenance obligations, and the duration of the escrow. These are the nuts and bolts that hold everything together.
Not really. Clients can only access the source code when certain conditions are met, like if the provider goes out of business or breaches the contract. It's kept under wraps until then.
The source code is usually delivered in a digital format, often packed up neatly in a zip file. Think of it as sending a present—well labeled and easy to open!
If the software provider goes belly up, the escrow agent can release the source code to the client. This way, the client can keep things running without a hitch.
Typically, three parties are involved: the software developer, the client, and the escrow agent. The escrow agent is like a referee, making sure everything goes smoothly.
Companies use Source Code Escrow in New Orleans to protect themselves from risk. It ensures that if something happens to the software provider, they won't be left high and dry. It’s peace of mind in a can!
A Source Code Escrow Agreement is a deal where a software developer puts their source code in a secure spot. It’s like a safety deposit box for code. If something goes wrong, like the developer goes out of business, a third party can release the code to the client.
Trusted and secure by over 3 million people of the world’s leading companies
New Orleans Louisiana Acuerdo de custodia del código fuente