A SaaS Escrow Agreement is a simple tri-party arrangement with mutually agreed terms between the SaaS vendor, customer, and Escode. PRAXIS Escrow offers holistic escrow solutions, addressing the specific needs of SaaS software.A SaaS escrow agreement exists to outline how the software data will be delivered from the software as a service, or SaaS provider. A SaaS escrow is a contractual agreement between a software provider, their client, and an independent third party, known as the escrow agent. Learn about the types of Software Source Code Escrow Agreements, Software Escrow Agreement release conditions and download a sample below. The District shall pay the Escrow Bank full compensation for its duties under this Escrow Agreement, including outofpocket costs such as. Rights issues come into play when you seek the source code to keep your business going if your online platform goes down.