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When I've done it in the past, it was a vaguely tech-savvy law firm (the hard part isn't really the storage, it's the "evaluate the conditions of the escrow con
by eichin 2y ago
When I've done it in the past, it was a vaguely tech-savvy law firm (the hard part isn't really the storage, it's the "evaluate the conditions of the escrow contract release terms".) (IIRC recommended by the customer but we had some independent validation - I think one of our VC's law firms had dealt with them before?)
We also had to details on how to actually build the product from the source, though I think they mostly just trusted us on that as long as we supplied a separate document - and by trusted, there were penalties spelled out in the contract about that too. (We were in good shape releng-wise but I expect a lot of companies would have to clean up their act to actually comply with that part.)
- xp84 2y agoThose release terms are interesting to think about. I’m wondering how to spell out in a contract the difference between selling your company to a firm which will maintain the software well vs selling it to someone who will ruin it and/or do the most bare minimum? How can one draw the line?