What is Software Escrow? Is Software Escrow something you want? [closed]

Question

What is Software Escrow? Is Software Escrow something you want?

Answer 1

This is where, when a customer purchases the software or a service, a vendor will put their codebase into the control of a third-party with contractual terms that it can be released to the customer should the vendor cease trading.

As a customer buying in a closed-source product from a small vendor where their longevity is unclear it can be a make-or-break on a deal providing some assurance of continuity should they cease trading.