Verifying Deposits: An Integral Part of Software Escrow lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
Software Escrow is a simple and effective tri-party agreement with mutually agreed terms between the software customer, software supplier, and an independent escrow provider,.
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This is the third in a series of three blog posts on technology escrow for the federal government. See the Deeper Dive section at the end of this post for links to the first and second posts in this series.
Technology escrow is an important and viable solution for federal government agencies in fact, it should be considered a best practice. Escrow plays an important role in securing software and other intellectual property (IP) assets via a neutral third party.
Any Technical Data Package (TDP) can be protected with a technology escrow agreement. A TDP consists of applicable technical data such as models, drawings, associated lists, specifications, standards, performance requirements, software documentation, and packaging details. TDPs provide critical information for maintenance planning, developing supply support strategies, establishing configuration management requirements, and developing training and related engine