Why is it important to use an online vault for the storage of escrow deposits?

Software and source code escrow agreements are a good part of any business continuity plan. However, the quality, completeness and accuracy of the deposit materials determine the value of the escrow deposit.

All electronic media degrades over time. Since the deposit materials may not be utilised until some later date, the storage and preservation is critical in preserving the value of the escrow deposit. Storing electronic files in an appropriate fashion and environment will significantly extend the value of the escrow deposit and reduce the risk to the Client's business.