Triggering Events

You’re likely going to come across the terms “triggering event” or “defaulting event” during discussions relating to source code escrow. What do they mean?

What happens when a triggering event occurs?
Source code is only released from escrow when a triggering event occurs.

What is considered to be a triggering event?
That’s entirely up to both the software developer and software customer. The two parties can define a triggering event to be whatever they would like it to be.

What are some common triggering events?
Triggering events most often include bankruptcy or cessation of business by the software developer, or a failure by the software developer to maintain the software as agreed upon.