This presentation reviews key provisions of source code escrow agreements including (i) how to define escrow deposits; (ii) the importance of verfication services; and (iii) definitions of release events. The presentation also considers other uses of escrow such as SaaS escrow. It concludes by looking at IP licenses under s. 365(n) of the U.S. Bankruptcy Code and under s. 65.11 of the recently amended Canadian Bankruptcy and Insolvency Act.