Code Escrow: A legal agreement involving at least three parties – a software licensing organization, the licensing customer, and an escrow agent. In this arrangement, the software’s source code is given to an independent third party (the escrow agent) for safekeeping. The escrow agent releases the source code to the licensee in the event that the licensor fails to meet contractual obligations, such as maintenance, support, or bankruptcy, ensuring business continuity and access to critical functionalities.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D8: Software Development Security | Security+ D5: Security Program Management and Oversight | SSCP D6: Network and Communication Security
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