What Is Software Escrow?

Software escrow means deposit of the software's source code into an account held by a third party escrow agent. Escrow is typically requested by a party licensing software (the "licensee"), to ensure maintenance of the software. The software source code is released to the licensee if the licensor files for bankruptcy or otherwise fails to maintain and update the software as promised in the software license agreement.


What Is Software Source Code?

Source code is the software's programming code represented in a particular programming language that humans can write and understand.