A security architect Is analyzing an old application that is not covered for maintenance anymore...

A source code escrow is a legal agreement that involves a third party holding the source code of a software application on behalf of the software vendor and the software licensee. The source code escrow ensures that the licensee can access the source code in case the vendor goes out of business, fails to provide maintenance or support, or breaches the contract terms.

A source code escrow would have prevented the risk of having an old application that is not covered for maintenance anymore because the software company is no longer in business, because it would:

Allow the licensee to obtain the source code and continue to update, fix, or modify the application according to their needs.

Protect the vendor’s intellectual property rights and prevent unauthorized disclosure or use of the source code.

Provide a legal framework and a trusted mediator for resolving any disputes or issues between the vendor and the licensee.