A software escrow is designed to protect a business by means of keeping the source
code of the software they purchased safe via escrow in case the vendor has to close or suddenly is bankrupt. A software escrow, therefore is a third party that acts as a liaison between a software vendor and their business client or customer. By ensuring that the source code is safe, the software escrow agent protects both the interests of the developer and their client. More information is available below.
There are many agencies and companies out there that offer the services of a software escrow. You have to list down several companies and then make comparisons. Make sure that the companies or agencies that you choose has an impeccable track record. You can actually read the reviews made by clients and software developers about the different escrow-provider to be able to find the best one. You can also ask your peers in the IT industry if they can recommend someone who can be trusted with such trade secret.
Make sure you are familiar with the details of the protection that is offered by the company you choose. It's important that you know how exactly the source code will be kept in escrow. It's vital that you are sure that the code will be protected properly. This is something that can be asked of the agent that is handling the escrow.
Escrow companies normally charge an annual fee for their services. There are also sometimes additional fees. Before you go into an agreement, also make sure you understand how much you will have to pay up front and then for each time you renew. Compare the prices that are charged by different service providers so that you can find a good deal but at the same time don't scrimp so much that you sacrifice the quality of the protection you are looking for.
Finding the perfect company to provide your software escrow is not an easy task. It takes some research to find out which one offers the best combination of quality service and affordable price. In the end, you have to find out the best service that gives you the protection that you require.