Escrow Solutions
Our Escrow Solutions are designed specifically to assist organisations which are increasingly dependent on crucial assets which they do not own or control. These assets include the software behind business-critical functions, managed internally or through an outsourcer, or designs, processes or formulae supplied by a third-party.
We hold these crucial assets securely with the supplier's agreement on the end user's behalf, ensuring that if the supplier's business fails or they do not maintain their contractual obligations the material can be accessed and released to the user quickly and legally, leaving them free to carry on without disruption.
Our clients include both end-users and suppliers, who use our Escrow Solutions to reassure their customers of their stability and commitment to best practice.
We provide the following 'off-the-shelf' types of escrow agreement, however our experienced in-house legal team also create bespoke agreements to suit specific customer requirements.
Each client is allocated a dedicated account manager who guides them through the Escrow process from advising them on the most appropriate Escrow Solution for their needs to ensuring the necessary paperwork is completed correctly. All material held is 'integrity tested' to ensure it is of the expected type, accessible and free of viruses, and is deposited in two separate secure locations to ensure customers' business continuity
Software Escrow
A failure in business-critical software has far-reaching consequences for the continuity of any organisation. Prevent these risks by securing the source code and accompanying documentation using an Escrow arrangement.
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Our most comprehensive Escrow Solutions include expert Verification Testing which provides assurance that should a release of software source code or other material be required, it will be immediately useable.