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The agreement defines key terms, requires prompt electronic upload within specified business days, and mandates updates for new product releases. 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Our in-house legal team review all revised agreements within 24 hours.  \nWe offer agreements under global jurisdictions including United Kingdom, USA, Canada, EU (most countries), Australia, New Zealand, South Africa, Singapore and Hong Kong.  \nAgreement terms follow on page 2  \nSaaS Single Beneficiary Software Escrow Agreement  \n[Agreement Number EL__________]  \nThis Escrow Agreement (“Agreement”) is made on [INSERT DATE] by and among:  \n1) [Depositor Name, registered company number \\#\\#\\#\\#\\#\\#] located at [registered address] (“Depositor”),  \n2) [Beneficiary Name, registered company number \\#\\#\\#\\#\\#\\#] located at [registered address] (“Beneficiary”), 3) Escrow London LTD (registered number: 09997952) located at Level 5, 100 High Street, London, N14 6BN,  \nUnited Kingdom (“Escrow London”)  \nRecitals:  \nA. Depositor and Beneficiary have entered into a SaaS Agreement (the “SaaS Agreement”) pursuant to which Depositor has licensed the Beneficiary the rights to use a certain hosted software package and hosted Database.  \nB. Continuous availability of such Product and the maintenance thereof are critical to Beneficiary in the conduct of its business.  \nC. Beneficiary wishes to ensure that the manufacture, maintenance and support of Product is available if Depositor fails to fulfill its obligations as set forth in the SaaS Agreement or if Depositor does not remain in business.  \nE. Escrow London is in the business of providing third party escrow protection by storing, retaining and allowing limited access to proprietary technology.  \nNOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows:  \n1. DEFINITIONS  \n1.1. In this Agreement the following terms shall mean the following:“Agreement” means this Agreement including all Schedules and Appendices.  \n“Beneficiary” means the organisation, company or individual listed under this Agreement that has been granted a license to use the Product.  \n“Business Day” means a day, other than a Saturday, Sunday or public holiday in England, on which clearing banks in the city of London are generally open for business.  \n“Data” means the Beneficiary data hosted within the Product Database.  \n“Databases” means the database hosting the Beneficiary’s Data.  \n“Deposit Materials” means the proprietary technology including source codes, system images, deployment scripts, other materials and documentation required to build the Product.  \n“Electronic Upload” means an upload of data or Databases through the internet to a Virtual Server.  \n“File Integrity Test” means the tests performed by Escrow London on the Deposit Materials to ensure the Deposit Materials can be accessed and are free of viruses.  \n“Intellectual Property Rights” means any patents, copyrights, database rights, trademarks, confidential information, domain names and any other similar rights.  \n“Product” means the proprietary technology including any updates licensed to the Beneficiary as listed in Schedule 2.  \n“SaaS Agreement” means the agreement that entitles the Beneficiary to use the Product.  \n“Source Code” means the computer code that was used to program the Product.  \n“Third Party” means an individual, organization or corporation that becomes an owner of the rights to the Intellectual Property in the Deposit Materials following an assignment of rights by the Depositor.  \n“Third Party Codes” means the Source Code that is not Intellectual P","cbCaijOqnFQIjqsm","https://ap.wps.com/l/cbCaijOqnFQIjqsm","pdf",336652,13,"English","# SaaS Single Beneficiary Software Escrow Agreement\n## Definitions\n## Deposit of Deposit Materials","[{\"question\":\"What is the purpose of this SaaS single beneficiary software escrow agreement?\",\"answer\":\"It ensures the beneficiary has escrow protection for the hosted software package and database by arranging the deposit, retention, and limited access to proprietary deposit materials if the depositor cannot meet its SaaS obligations or remains in business.\"},{\"question\":\"What deposit materials must the depositor provide?\",\"answer\":\"The depositor must submit a complete copy of deposit materials, including proprietary technology such as source codes, system images, deployment scripts, and required documentation, as well as database-related data hosted within the product database.\"},{\"question\":\"When and how must deposit materials be submitted?\",\"answer\":\"The depositor must submit the initial deposit promptly following the agreement date and, in any event, within twenty business days, using electronic upload to Escrow London.\"}]","SaaS Single Beneficiary Software Escrow Agreement - December 2020 UK Version - Template | PDF",1789145503]