{"product_id":"escrow-agreement-safeguarding-software","title":"Escrow Agreement South Africa - Template","description":"\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eESCROW AGREEMENT SOUTH AFRICA\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eSafeguarding of Software\u003c\/strong\u003e\u003c\/p\u003e\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis Escrow Agreement may be used to contract with a business associate and agree on the terms of placing software in escrow with an independent third party. The agreement sets out each party’s rights and obligations, specifies the escrow services that the escrow agent is required to perform, and identifies the rights and obligations of both the supplier of the software and the business associate.\n\n\u003cstrong\u003eWhy do I need an Escrow Agreement? \u003c\/strong\u003eA software company that has rights in and to software and associated source code may from time to time enter into an escrow agreement with a business associate, such as a client, providing that the software may be released to the business associate under certain defined conditions. The agreement sets out the terms of the relationship, including confidentiality, release conditions, and the payment of escrow fees.\n\n\u003cstrong\u003eWhat does the Software Escrow Contract say? \u003c\/strong\u003eThe template agreement consists of: Parties; Interpretation; Introduction; Duration; Deposit of Material; Loss of Material; Release of Material; Objection to Release; Arbitration; Fees and Charges; Confidentiality; Termination; General.\n\n\u003cstrong\u003eWhat does the standard Agreement look like? \u003c\/strong\u003eThe template document can be printed onto five pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Escrow Agreement template? \u003c\/strong\u003e\n\u003cul\u003e\n \t\u003cli\u003eRead the document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n \t\u003cli\u003eComplete all relevant details, sign and get all three parties to sign.\u003c\/li\u003e\n\u003c\/ul\u003e\nAlso known as: Escrow Arrangement; Safekeeping of Software in Escrow; Escrow contract – Safekeeping of Software; Escrow Terms and Conditions; Escrow Contract\n\nEscrow Agreement Template South Africa [Microsoft Word Doc]\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164047933580,"sku":"AO-3864","price":834.0,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Escrow-Agreement-Template-1.jpg?v=1789524820","url":"https:\/\/agreementsonline.co.za\/products\/escrow-agreement-safeguarding-software","provider":"Agreements Online","version":"1.0","type":"link"}