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What is a Source Code Escrow Service?

April 26, 2017escrow service source code

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What is a Source Code Escrow Service?

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A Source Code Escrow Service allows you to lodge your software product source code safely with a third party escrow agent – without having to disclose it to your customers. Your customers can then subscribe to the Source Code Escrow Service for an annual fee. This Source Code Escrow Service entitles the customer to gain access to your software product source code in the following circumstances: • If your company goes out of business and the customer is therefore unable to maintain their application software • If your company officially stops supporting the software product and the customer is therefore unable to maintain their application software • If you sell your product to another software publishing company and they fail to offer an equivalent source code escrow service to the existing Source Code Escrow Service customers How does the Source Code Escrow Service work? ComponentSource offers to act as your Escrow Agent. You sign an Escrow Agreement with us and send us the source cod