Source Code Escrow

Software companies in India are embracing the trend where source code for the software being bought or sold is kept safe with an escrow agent with carefully drafted agreements. This allows the buyer to get hold of the source code in cases where software was licensed from a start-up which has now folded or a breach of contract regarding the maintenance services that were agreed upon can be proven. The source code is automatically released upon the occurrence of any of the events mentioned in the escrow agreement and the buyer will be able to study the source code and continue to provide support services for the software bought without relying on the employees of the software supplier

Share this Story
Load More Related Articles
  • Rights Technology World

    EU Votes Today On Content Portability to Reduce Piracy

    Members of the European Parliament will vote today on draft rules that would allow citizens to enjoy legally purchased music and movie streaming subscriptions when they travel to another EU country. It's hoped that improved access to content will help ...
  • Politics Technology

    How Australia Bungled Its $36 Billion High-Speed Internet Rollout

    The story of Australia’s costly internet bungle illustrates the hazards of mingling telecommunication infrastructure with the impatience of modern politics. The internet modernization plan has been hobbled by cost overruns, partisan maneuvering ...
  • Technology

    Google invests in new undersea cable from Australia to Southeast Asia

    Google announced Wednesday that it's investing in a new subsea cable system that will run between Australia and Asia. The investment is Google's latest move to strengthen its ties to the APAC region. Called Indigo, the cable will connect Perth, Sydney...
  • Technology

    Google Has Finally Killed the CAPTCHA

    CAPTCHA’s are an irritating but necessary evil. The system that is used to verify whether or not a user is human has been around a while and it had to evolve because machines were getting better at reading the text than humans. With its latest iteration, Google says you&r …
  • Technology

    Wikipedia bans Daily Mail as ‘unreliable’ source

    Wikipedia editors have voted to ban the Daily Mail as a source for the website in all but exceptional circumstances after deeming the news group “generally unreliable”. The move is highly unusual for the online encyclopaedia, which rarely ...
  • Technology

    Impact of the Internet / David Bowie

    In a BBC interview in 1999 David Bowie predicted the huge impact of the Internet in society and the new ways ...
Load More In Technology

Photos from Flickr