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 Agreement is a simple tri-party arrangement with mutually agreed terms between the SaaS vendor, customer, and Escode.A SaaS escrow agreement ensures customers can access critical software and data if the provider fails to deliver, like during bankruptcy. A SaaS escrow is a contractual agreement between a software provider, their client, and an independent third party, known as the escrow agent. Learn how Escrow London can help draft a fully, comprehensive SaaS escrow template agreement from start to finish. The first step in creating a Software Escrow agreement is to clearly define the parties involved and their respective roles. Define the Escrow Agreement: Collaborate with your SaaS provider and escrow agent to establish a comprehensive escrow agreement.