Ajay K Sanghi wrote:
>
> ><snip>but the cash offered by Behemoth Inc. when they
> >buy you up isn't reduced
> >by the apparent compromising of your software assets.
I think Chris means that you should make sure that the escrow
agreement for example states that the source code does not have to be
transferred to your customer in the event that some other company buys
your company or the rights to your software (because of bankruptcy or
other) and intend to continue support for the product. Otherwise you
cannot recover as much from the company.
> >You should be
> >careful to retain full Intellectual Property Rights to >the software.
Here I think he means that you should be careful that your customer
does not get all the rights to your software, meaning they cannot go
and start selling your software in the case they get the source code.
I'm certainly no legal expert and do not know much about escrow, but I
think the principle is that the source is left with a third party that
ensures source code is available in case the developer can no longer
maintain the product. If the developer can still maintain the product,
the source would not be released to the user.
Just my .05 Euro.
Erlend.
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