Single User
An escrow agreement designed as a framework for you to use rather than a temple that must be used!
Single user software escrow agreements are used when the application has been written or enhanced specifically for you the client. This is called a bespoke application and must be covered by a set of terms that both licensee and vendor are comfortable with. Only by using a software escrow agreement can you ensure that your business continuity is guaranteed.
Single user escrow agreements are used by licensees to mitigate the risk that is present when relying on a third party software vendor to supply business critical applications; simply, a legal agreement is entered into that provides a copy of the source code to the licensee if the vendor is unable to provide the support or service that was original outlined in the service level agreement.
Vendor
As a developer, you deposit code with TES, the escrow agent, at significant milestones during the development. These milestones are agreed by all parties prior to the start of the project.
Trigger events may be constituted should you at any point fail to deliver either:
Code to the escrow agent.
Any part of the completed application.
In these circumstances source code may be released.
Licensee
Choose the Single User software escrow agreement option when the application has been written or enhanced specifically for you, the client. This is known as a ‘bespoke application’ . It must be covered by a set of terms that both you, the licensee, and the vendor are comfortable with.
Put simply, all parties enter into a legal agreement. This will provide a copy of the source code to you, the licensee, if the vendor is unable to provide the support originally outlined in the service level agreement.
Validation of Media Deposits
Whenever Total Escrow Solutions receive a media deposit, we subject it to a basic validation testing process.
This ensures that the media is:
Readable
Contains source code
Is of the expected size and format
Free from viruses
Any encryption or password technology can be circumvented
Once the initial deposit has passed the basic validation test, we will make a copy of the media and store the deposit in 2 separate, secure storage locations.
Pricing
| Initial Set-Up Fee | £650 |
|---|---|
| Annual Fee | £500 (upon completion and then annually – fixed for 5 years) |
| Non Standard Fee | £250 |
| Deposits Fee | £150 per deposit (defined upon order and invoiced with initial fee) |
Why do I need an escrow service?
Looking for a tailored solution?
All software escrow solutions can be tailored to your exact specifications. This applies whether they are non-standard legal terms or technical verification of source code, verification of build & make files, verification of third party tools and all associated documentation required to successfully build and deploy your application.
Latest News
Posted: 05 January 2009
OGCbuying.solutions working with TES to deliver savings to UK Public Sector
OGCbuying.solutions has negotiated a 3-month special deal with Total Escrow Solutions PLC, commencing on 5 January 2009.
Posted: 05 February 2009
Almost half of UK tech companies to cut IT staff
And make techies work harder for fewer bonuses
Posted: 23 January 2009