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| Software Escrow |
What is Software Escrow?
Our software escrow accounts protect your intellectual assets, while giving licensees the access they need.
Depositing your proprietary information in a DSI account reduces the risk exposure associated with the licensing or creation of intellectual property.
With software escrow services, you can protect your technology edge. Whether you are negotiating data licenses, or documenting your patents for future products, DSI Technology Escrow Services, an Iron Mountain subsidiary, offers reliable solutions to the protection of your intellectual property. DSI is not only the largest provider of intellectual property protection services, we’re also the industry’s leading innovator. We were first to offer the ability to create custom contracts online. Among our many unique services, we offer three levels of technical verification and two ways to send deposits electronically. Plus, we are continually implementing new ideas to improve our software escrow services.
Safeguard your technology investments with a software escrow account at DSI Technology Escrow Services.
At DSI, we have over 45,000 clients worldwide, including three-fourths of the Fortune 500 firms. We provide the most thorough and professional intellectual property protection services available. Our attention to the administration and follow-through of contractual terms reflects the highest standards in the industry. Secure your code and other proprietary information with us, and thereby remove the dangers involved in the process of establishing intellectual assets and licensing. With DSI Technology Escrow, whether you are a Technology Developer, a Technology User, or an IP Legal Counsel, you will receive a comprehensive range of technology and software escrow services to meet your needs
What does intellectual property documentation entail?
Our services and expertise are most often required when parties negotiating software licenses are concerned about continued vendor support. Source code escrow, depositing source code into a special account and thus providing licensees limited and controlled access to those materials, is the best way to safeguard investments and innovations in technology. DSI provides various types of escrow arrangements to meet your unique requirements, including two- and three- party agreements.
Our three-party agreements cater to companies that need a high level of protection for their licensed technology assets and intellectual property. DSI, the depositor, and the beneficiary sign a software escrow contract that allows for tailored release conditions, modifiable terms for unique requirements and other options. Clients also receive additional administrative services, including account history information, deposit notices to all parties, verification rights, special billing arrangements, and other add-on services. Our three-party agreements include: Preferred Agreement, Master Preferred Agreement for Depositors and Beneficiaries, Comprehensive Preferred Agreement, and Reseller Agreement.
A more basic level of protection is offered in our two-party agreement. These are simplified contracts between only DSI and the depositor. The beneficiary does not sign the contract, but instead is enrolled into the account by the depositor. The depositor has complete control over the conditions that trigger an escrow deposit release. In the two-party agreement, the company's management of its accounts is simplified because the contract’s terms and conditions are established once and apply to all future software escrow arrangements.
Protect your valuable proprietary source code with software escrowaccounts through DSI.
Summary: A software escrow agreement allows a software licensee to obtain access to the all-important source code and other materials if the software licensor goes bankrupt or otherwise fails to perform as required. This article explains the vital elements of an escrow agreement and how it should work.
Author: The author of this article, Keith Mobley, is General Counsel of Fort Knox Escrow Services, Inc., in Atlanta. He is licensed to practice law in the state of Ohio. E-mail:
The escrow system operates for the protection of software licensees. At the start of a licensing transaction, the source codes and other technical information are deposited with a third party, the escrow agent, and are disclosed to the licensee only when certain pre-designated conditions occur, such as when the licenser has been affected by trouble or accident. SOFTIC is the first organization in Japan to provide escrow services for software.
What Is Software Escrow?
Software escrow means deposit of the source code of the software into an account held by a third party escrow agent. Escrow is typically requested by a party licensing software (the "licensee"), to ensure maintenance of the software. The software source code is released to the licensee if the licensor files for bankruptcy or otherwise fails to maintain and update the software as promised in the software license agreement.
Escrow for Web Transactions?
Escrow for web transactions can also be beneficial in that the website and database code is deposited with an agent who releases it simulatenously with payment to the designer. This allows the purchaser to approve the work prior to releases payment and allays the programmers concerns about not being paid.
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