Canada Source Code Escrow Agreement

Make sure you get paid for your development services by putting the source code in escrow under this Escrow Agreement for Canadian software developers.

• The Escrow Agreement is between a software developer, a customer and the escrow agent (often a lawyer or other neutral third party).
• Under the terms of the software license between the developer and the customer, the developer places the program source code and documentation into escrow with the escrow agent.
• The source code remains in escrow until the customer has paid the developer in full.
• The form includes a Certificate of Supplier certifying that the materials placed in escrow are complete and reflect the most recent version of the source code.
• Also included is a Certificate of the Customer which can be used by the customer if the developer defaults in its obligations.
• An escrow agreement can be of benefit to both parties. For the developer, it ensures payment. For the customer, it holds the developer to its obligations under the software license.

Don't risk not getting paid. Get the Canada Source Code Escrow Agreement template today.