In this episode from Law Insider, attorney and tech founder Martin Clausen digs into a SaaS Escrow Agreement from Escrow London Limited. This document has a particular purpose—giving a business who’s relied on a technology the ability to continue using it even if the developer closes up shop. But, while escrow agreements are a common form of insurance, translating it to the modern world can be a clumsy undertaking. Martin explains how lawyers can mess up that transition and why they should defer to drafters that understand the tech context. There’s a lot to learn here about bringing old concepts into the modern world, so let’s tear it down.
