Software Escrow and SaaS Escrow
DataSpace provides software escrow solutions through our dedicated escrow division “Escrow London”. We believe that software escrow solutions do not need to be complicated. This why we keep our process as easy as possible to provide a simple and cost effective service.
Escrow London prides itself on a boutique approach, which recognises the customers need for a unique and cost effective solution. Furthermore they simultaneously maintain international corporate standards that are vital for ensuring the highest level of data security.
In addition, Escrow London provides uncompromising friendly service and will always allow flexibility at no additional charge.
What is software escrow?
Software escrow is a three party agreement between a software developer (the depositor), the end user (beneficiary) and the Escrow Agent.
The objective of a software escrow agreement is to provide comfort to the end user that if the software developer is unable or unwilling to support the software, the code can be released to them.
The agreement outlines the responsibilities of all the parties and includes the pre-defined release conditions.
Types of software escrow agreements
As a part of software escrow services, we offer a range of software escrow agreements to suit every type of licensing contract.
This software escrow agreement is made up of the depositor, beneficiary and Escrow London as the independent 3rd party.
This software escrow agreement is used by a developer to provide comfort to their clients that they have a standing software escrow agreement in place. Under a single agreement, the developer is able to add many beneficiaries as a simple appendix to the master agreement.
This software escrow agreement is used when the application is a SaaS and hosted in a cloud environment. This agreement protects both the run time environment and the customer data.
A Project Escrow service is used when a company is using a developer to create a bespoke web application or software. This agreement protects the customer from a dispute that may occur mid project by ensuring the code is deposited on a frequent basis during development.