A SaaS escrow agreement exists to outline how the software data will be delivered from the software as a service, or SaaS provider. SaaS Escrow Agreement.When an escrow account is set up, you can authorize individuals to use the money in the account. A source code escrow agreement is a contract between a client and a software developer, ensuring client protection if software maintenance fails. The following items may be deducted from the escrow account: __Permits only ___Re-inspection fee's and Scheduling fee's only ___All fee's. A SaaS escrow is a contractual agreement between a software provider, their client, and an independent third party, known as the escrow agent. A form of escrow agreement is a legal contract that guarantees a third party will hold the funds or property during an exchange. Rights issues come into play when you seek the source code to keep your business going if your online platform goes down. Learn about the types of Software Source Code Escrow Agreements, Software Escrow Agreement release conditions and download a sample below. One reason is that in the event of unauthorized access, the vendor cannot claim an IP infringement unless there was a prior license granted.