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.
Once you have access to the source code, you can typically modify it, but check the agreement for any restrictions to avoid stepping on any toes!
It’s pretty straightforward! The software developer deposits the source code into an escrow account, and the terms of the agreement specify when and how you can access it.
Absolutely! You’ll want clear terms about what triggers access, how often the code is updated in escrow, and the responsibilities of both parties.
If the provider goes belly up, the escrow agreement allows you access to the source code, so you can keep things running smoothly without a hitch.
Usually, it’s the businesses using custom software and their developers. It’s a partnership that ensures everyone is on the same page about preserving the software.
Having a source code escrow agreement in Jacksonville is a wise move. It protects your investment in software by making sure you can access the code if the developer can’t deliver.
A source code escrow agreement is like a safety net for software. It ensures that if something goes wrong with a software provider, the source code is safely stored and can be accessed by the client.