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Describe source code escrow​

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Source code escrow is the depositing of the source code of software with a third-party escrow agent to ensure that the source code for a software product is always available, even if the software company goes out of business or otherwise becomes unable to maintain the code. The steps involved in source code escrow are: 1. Agreement between the software company, the licensee, and the escrow agent. 2. Depositing the source code and related documentation with the escrow agent. 3. Periodic verification of the deposited materials to ensure that they remain complete and up-to-date. 4. Release of the deposited materials to the licensee under certain predefined conditions, such as the software company going out of business or being unable to update or maintain the code.

  • Q:What is source code escrow? A:Source code escrow is the depositing of the source code of software with a third-party escrow agent.
  • Q:What is the purpose of source code escrow? A:The purpose of source code escrow is to ensure that the source code for a software product is always available, even if the software company goes out of business or otherwise becomes unable to maintain the code.
  • Q:What are the steps involved in source code escrow? A:The steps involved in source code escrow are: 1. Agreement between the software company, the licensee, and the escrow agent. 2. Depositing the source code and related documentation with the escrow agent. 3. Periodic verification of the deposited materials to ensure that they remain complete and up-to-date. 4. Release of the deposited materials to the licensee under certain predefined conditions, such as the software company going out of business or being unable to update or maintain the code.