|
Simply
having escrow agreements within software license contracts
is not enough. Midsize businesses should specify the
following within the agreement:
• |
The
specific circumstances under which they would
gain access to the code. |
• |
The
timeframe required before gaining that access. |
• |
The
rights that would be available to the enterprise
once the source code is in hand. |
Further, any organization that uses escrow agreements
should have plans in place as to how the code would
be supported and maintained if necessary. Approximately
70% of escrow agreements are three-party agreements
in which an independent agent holds the code and is
authorized to release it to an enterprise if any such
events occur.
Good
software deals require a lot more than getting a good
initial price. At the upcoming Midsize
Enterprise Summit, Jane Disbrow, research director
in Gartner research, offers “Tips and Tricks
for Getting the Best Software Deal”. Qualify
to attend this North American event as our guest now.
Reference
Research Note
Midsize Enterprise Summit Business Continuity
Questions
Published: February 6, 2003
Author: D. Scott and F. DeSalvo, Gartner, Inc.
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