Technology Escrow Agreements: Safeguarding Technology Investments

“What happens to your mission-critical… application source code should the vendor go bankrupt? This is when you need a Technology Escrow service.Tech Escrow requires vendors to deposit source code into an account held by a third party agent to ensure ongoing accessibility of the software. Recent research by IDG research Services highlights some recent trends and gaps in coverage, making the case for Technology Escrow.”

See: How to Minimize Risk with a Software Vendor ‘Prenup’ Paper by Digital Iron Mountain under sponsorship of IDG Research..

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