A software escrow agreement is a legal arrangement where the source code of a software application is securely deposited with a neutral third party. ContractsCounsel has assisted 40 clients with software source code escrow agreements and maintains a network of 61 technology lawyers available daily.Protect business critical software with Escode's Software Escrow Agreements, ensuring business continuity, compliance, and secure intellectual property. A source code escrow agreement is a contract between a client and a software developer, ensuring client protection if software maintenance fails. A SaaS escrow agreement exists to outline how the software data will be delivered from the software as a service, or SaaS provider. Eight crucial steps are outlined: assessing risk, determining deposit content, budgeting, selecting an escrow agent, negotiating contracts, prompt verification. This practice note addresses key issues in drafting and negotiating a software source code escrow agreement involving an independent thirdparty escrow agent. Chicago Title CMetro. Escrow ensures that both parties get what they want without risking financial losses. Freedman, "A Practical Guide to Software License Agreements: Source Code Escrow.