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.Recitals: A. Depositor and Beneficiary have entered into a SaaS Agreement (the "SaaS Agreement") pursuant to which. SaaS Escrow Agreement. The SaaS Escrow agreement outlines the responsibilities of all the parties and includes predefined release conditions. Eight crucial steps are outlined: assessing risk, determining deposit content, budgeting, selecting an escrow agent, negotiating contracts, prompt verification. A software escrow agreement can provide companies with protection and peace of mind. When setting up a SaaS Escrow agreement, it is important to consider the specific needs of the software user and the nature of the SaaS application.