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It holds important information about the different parties involved in the agreement, details about the material to be put into escrow, and specifications relating to the release conditions.

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A release event is any event that causes you to lose access to the software that is critical for your business continuity. This can include anything from bankruptcy, system failure, to a natural disaster.

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When a release event is triggered, the material that is held in escrow is released to the beneficiary. This adds an extra layer of security that helps ensure your business can keep running in the event of an unforeseen circumstance.

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At Codekeeper, we take care of the legal aspects of the agreement, and ensure the materials deposited into escrow are kept safe and secure, which means you don't need to pay for additional expensive lawyers fees. Our data centers ensure the highest level of security.

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Visit our website to download a free software escrow agreement template, or our e-book that provides expert insights into what to look out for when entering into a software escrow agreement.

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