Software & Source Code Escrow
Software application code can take one of two forms: object code or source code.
Object code is in a form that allows a computer to process transactions, typically in binary or some other format not readily intelligible to humans.
Source code is the humanly readable version of software written in a computer programming language intelligible to software engineers who are skilled in the art of the particular programming language. The software developer almost always withholds the source code from users and competitors alike, as access to it could enable the users to generate unlicensed copies of the program or allow a competitor to understand the trade secrets underlying the code. Therefore a copy of the object code, rather than the source code, is usually provided to the software customer by the vendor. However, the source code is essential for any on-going development or for the proper maintenance of the software application.
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