The Importance of Software Escrow Services to Software Developers and Companies
Are you familiar of software escrow services? Is it beneficial to companies and software programmers? In case you want to learn more about software escrow services and its associated benefits, then you are advised to continue reading this article.
Meaning of Software Escrow Service
Software escrow service is the computer software source code deposit for also include the third party software escrow agent. Actually, the word “escrow” means the contract of the two parties for the deposit of valuables to third party as agent. These contracts are serve as their protection for the valuables they have like money, intellectual property, documents and etc. These things are regarded as escrow when held by third parties, especially the source codes. The licensees of these source codes or the business enterprises that use them can request their agents to hold. In simple terms, these escrow services serve as protection for the computer software licensees so they will still access its source codes the moment issues arise. The moment issues and problems occur, like law cases and bankruptcies, they will not update nor maintain the computer software as agreed on the contract, thus these source codes are released to licensees.
The computer programmers are the ones who developed the program by writing the source codes, which are then further processed to become executive programs, these are the applications containing .exe as extensions. As the name executable file connotes, it simply means that these computer programs are standalone and are ready for use by computer users. Nonetheless, when problems arise, the software developers will not be able to make changes and updates, thus the escrow agents transferred the rights to the licensees so they will be the ones to make the needed updates and maintenance when necessary. Because of these contracts, the products will still serve its purposes despite the absence of the licensor. If you are a computer programmer and you don’t want these problems to arise in the near future, then you should carefully and cautiously choose your escrow service providers. To help you choose one, consider the tips showcased underneath.
1. Before inking a deal with any company, be sure to investigate first to know what service providers furnished dependable escrow services.
2. You are advised to select escrow service providers that serve the corporate goals and intentions very well.
3. Be sure to check and to read the contract first before inking one. Should you have concerns and doubts, you should call your trusted lawyer to explain it to you.
4. Opt for those escrow service providers which contracts are applicable not just to you but also to your customers.
The suggestions and pointers found in here will serve as your guide in finding reputable and dependable escrow services providers.