Document background
The IT Software Escrow Agreement serves as a risk mitigation tool in software licensing relationships. It enables software vendors to protect their intellectual property while providing licensees with business continuity assurance. This agreement, commonly used in the United States, establishes specific conditions for deposit, maintenance, and release of source code and related materials. It addresses scenarios such as vendor bankruptcy, discontinued support, or breach of maintenance obligations. The agreement typically includes detailed provisions for verification procedures, confidentiality protections, and release triggers, ensuring compliance with both federal and state regulations governing software licensing, trade secrets, and intellectual property rights.
