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.
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.
Single Beneficiary Agreement
A single beneficiary agreement is made up of the depositor, beneficiary and Escrow London as the independent 3rd party.
A software escrow service agreement of this type is usually used when a client is licensing software from a developer. The agreement clearly outlines the release events and a guideline for the process should a release occur.
Multi Beneficiary Agreement
Multi Beneficiary agreements are used by a developer to provide comfort to their clients that they have a standing software escrow agreement in place.
By having a multi beneficiary agreement in place, under a single agreement, the developer is able to add an unlimited number of beneficiaries to the master agreement. The addition of each beneficiary is executed through a simple appendix to the master agreement.
SaaS Escrow Services
SaaS services provide companies with increased efficiency and flexibility often at reduced costs.
Along with the benefits of SaaS applications come increased risks. In most situations, the SaaS vendor maintains control and storage of your data.
The most efficient way to protect your company is to implement a SaaS Escrow solution.
Together with our team of AWS, Microsoft Azure and Google Cloud certified engineers, Escrow London prides itself on providing a range of cost effective, innovative and bespoke solutions depending on individual client requirements. We have a pragmatic approach and the ability and experience to think ‘outside the box’ when it comes to SaaS business continuity solutions.
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.
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