South Dakota User oriented Source Code Escrow Agreement

State:
Multi-State
Control #:
US-CP0718-AM
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed User Oriented Source Code Escrow Agreement document, is for use in the computer, internet and/or software industries. Adapt to fit your circumstances. Available in Word format.
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FAQ

The objective of source code escrow is to ensure continued availability of software support and maintenance.

The escrow agreement will provide the conditions under which you will receive a copy of the source code. The most common release conditions are (1) the software vendor ceases business or goes bankrupt and (2) the software vendor ceases to provide support and maintenance services.

A source code escrow agreement typically instructs the agent to release the source code to the licensee if and when a specified event occurs, such as the licensor becoming insolvent or defaulting on its maintenance obligations under the principal license agreement.

Source code escrow is the deposit of the source code of software with a third-party escrow agent. Escrow is typically requested by a party licensing software (the licensee), to ensure maintenance of the software instead of abandonment or orphaning.

A Source Code Escrow provides a secure environment for storing the software's source code, preventing unauthorized access and ensuring that the intellectual property rights of both the developer and the licensee are protected.

A source code escrow agreement typically instructs the agent to release the source code to the licensee if and when a specified event occurs, such as the licensor becoming insolvent or defaulting on its maintenance obligations under the principal license agreement.

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South Dakota User oriented Source Code Escrow Agreement