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It's essential to have a reviewer with a solid understanding of software development for contracts, as those without this knowledge may overlook critical issues. Ideally, a legal expert with an engineering background can identify subtle problems that could render an insurance policy ineffective. In this episode of the Contract Teardown Show from Law Insider, attorney and tech founder Martin Clausen examines a SaaS escrow agreement from Escrow London Limited. This type of agreement serves to protect a business dependent on technology, ensuring continued access even if the developer ceases operations. While escrow agreements are a common safety measure, their specifics can significantly impact their effectiveness.
