Advice on whether you need a software escrow arrangement, what it should cover, and review of escrow agent terms. Suitable for businesses that depend on bespoke software and want protection if the developer ceases trading.
What’s included:
• Assessment of whether a software escrow arrangement is appropriate for your situation.
• Advice on what should be deposited, release triggers, and verification.
• Review of the escrow agent’s standard terms.
• A clear written summary with practical recommendations.
What’s not included:
• Negotiation with the software supplier or escrow agent.
• Drafting bespoke escrow terms.
• Tax advice (including VAT, corporation tax, income tax, capital gains tax, and stamp duty). If specialist tax advice is needed, I can recommend a suitable accountant or tax adviser.
Advice on whether you need a software escrow arrangement, what it should cover, and review of escrow agent terms. Suitable for businesses that depend on bespoke software and want protection if the developer ceases trading.
What’s included:
• Assessment of whether a software escrow arrangement is appropriate for your situation.
• Advice on what should be deposited, release triggers, and verification.
• Review of the escrow agent’s standard terms.
• A clear written summary with practical recommendations.
What’s not included:
• Negotiation with the software supplier or escrow agent.
• Drafting bespoke escrow terms.
• Tax advice (including VAT, corporation tax, income tax, capital gains tax, and stamp duty). If specialist tax advice is needed, I can recommend a suitable accountant or tax adviser.