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A company agrees to store its source code for use by customers in the event that it ceases business. What is this model called?

A. Code escrow
B. SLA
C. BCP
D. CA

1 Answer

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Final answer:

The practice of storing a company's source code for customer use if the company goes out of business is known as Code Escrow.

Step-by-step explanation:

The model in which a company agrees to store its source code for use by customers in the event that it ceases business is called Code Escrow. Code escrow is a service that ensures that a third party, often an escrow agent, securely stores the source code of software. This setup is typically part of a contractual agreement to protect the client's interest if the software vendor goes out of business, fails to maintain the software, or if other agreed-upon conditions are met which necessitate the release of the source code to the licensee.

The model of storing source code for use by customers in the event that a company ceases business is called code escrow. Code escrow is a service that ensures that a third party, often an escrow agent, securely stores the source code of software. This setup is typically part of a contractual agreement to protect the client's interest if the software vendor goes out of businessCode escrow involves a third-party holding and releasing the source code to the customers if certain predetermined conditions are met. It provides a safety net for customers who rely on the company's software or technology, ensuring they can continue to use it even if the company goes out of business.

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