Chapter 21
CHECKLIST
What Type of Escrow?
□ Two-party
□ Three-party
□ Self-escrow
Release Conditions
□ Insolvency of vendor
□ Filing of voluntary or involuntary bankruptcy proceedings that remain undismissed
□ General assignment for the benefit of creditors
□ Ceasing to provide support and maintenance services
□ Breach of the license agreement
Key Issues to Be Addressed in Software License
□ Requirement that source code be escrowed
□ Identify approved escrow agent
□ Definition of “source code”
Identify release conditions
□ Require vendor to update the source code to reflect current version of the software
□ Identify all relevant fees and the responsible party
□ Include right to request verification services ...
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