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ARTICLE · 12 DECEMBER 2019

In Software We Trust: The Case For Software Escrow

DAC Beachcroft LLP
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Nowadays, it wouldn't be an exaggeration to say there is barely any sector or industry left "untouched" by software.

United KingdomMedia, Telecoms, IT, Entertainment
Tim Ryan
Tim Ryan
Oana Labontu-Radu
Oana Labontu-Radu

Nowadays, it wouldn't be an exaggeration to say there is barely any sector or industry left "untouched" by software. Add lots of data to the mix, and most businesses are heavily reliant on software and having access to data 24/7.

The importance of software escrow is often overlooked, however. When two or more parties negotiate a software licence or a software as a service offering, software escrow can be a way of mitigating risk (and especially important in the context of business critical/regulated services).

Software escrow at a glance

What is escrow again?

Escrow is a legal concept in which an asset is held by an independent third party on behalf of other parties that are in the process of completing a transaction, on terms which are negotiated and agreed.

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