The idea of technology escrow services was commercialized by a company that was later acquired. To this day, technology escrow plays a vital role in securing software and other intellectual property assets via an unbiased third party.

Hardware and software systems form the mainstay of the networks that run our command, control, communications, mainframes, cyber, intellect, surveillance and investigation—and protection of this technology is vital.

In totalling, government agencies need the ability to preserve and upgrade software applications in the event something stops the developer from supporting them. For example, software source code is essential for the development of new purposes, reports, and creating bug fixes. If the developer is no longer accessible, a release of the escrow resources enables the federal government to admit that source code to make those variations themselves or to give another contractor the tools to take over.

In detail, any Technical Data Package can be safeguarded with a technology escrow agreement. For illustration, the Technical Data Package carried with a defence system comprises all the engineering data and expressive documentation essential to support the system throughout its lifespan cycle—all of this data can be deposited into an escrow account. The developer’s IP is securely protected as long as they are dynamically supporting the technology. But if that is no longer true, the TDP information will be unrestricted to the government agency rendering to predefined release settings. This gives the government agency admission to the technology required to keep critical systems always running.