Continuity Schemes & Escrow
For users of information technology it is important that they can be sure that their software and data can continue to be used. A continuity scheme can provide a solution. Such a continuity scheme will be concluded in cooperation with the IT service provider. This means that, In case of for example bankruptcy, IT services can be continued.
For the purpose of establishing a continuity scheme, it will be necessary to look at the type of IT service. Sometimes a source code escrow scheme will be sufficient, whilst in other cases it will be necessary to make additional arrangements. In case of continuity of a Cloud one for example has to keep in mind both the suppliers and the hosting providers.
A continuity scheme is essential for maintaining your data. Law & More can advise you on continuity schemes. We can help you draft such a scheme in order to secure your software and data.