Source Code

Deposit of source code 

The purchase of software and IT systems as well as continuous patching, updating and adaptation of systems often involves large costs. However, when making the procurements, many companies forget to ensure that the source code of the software is available in the future. It can have serious consequences if the software vendor goes bankrupt or does not meet its obligations or a dispute arises between the software company and the customer.

Nordic Trustee offers standardised agreements that ensure easy and safe deposit of the source code with an independent third party. This allows purchasers of software to be less dependent on the provider and ensures that the source code is available regardless of any incidents at the supplier.

For further information, please e-mail us at escrow@nordictrustee.com