This form is an Interim Source Code License Agreement. The form provides that the licensor has agreed to furnish the licensee with a non-exclusive and non-transferable license to use the system's source code.
Vermont Interim Source Code License Agreement
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FAQ
Source code is primarily used as input to the process that produces an executable program (i.e., it is compiled or interpreted). It is also used as a method of communicating algorithms between people (e.g., code snippets in books).
When the source code of a public company is leaked the company has a fiduciary duty to inform shareholders and be disclosed in public securities filings. Losing control of proprietary information can have devastating effects on a company.
If you have discussed about sharing the source code the customer during project plan, you should give the code. if customer is asking at the deployment stage, its your own personal decision. Also it should be a part of your agreement with the customer, whether you should share it or not.
Source code serves the needs of companies who have procedures in place that they want to retain regardless of the software installed. Some companies consider source code as a way to guarantee that the software changes as their company's needs change in the future.
If you want others to use, distribute, modify, or contribute back to your project, you need to include an open source license. For example, someone cannot legally use any part of your GitHub project in their code, even if it's public, unless you explicitly give them the right to do so.
Source Code License means any contract or contractual provision (whether or not denominated a "license") that prescribes the terms, conditions and restrictions applicable to the possession and use of Source Code by a licensee of the Software to whom Source Code of any Software has been released.
Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.
Software that is subject to a Contract for Third-Party Intellectual Property is protected by a written source code escrow agreement that entitles the Company to access such source code in the event of certain specified circumstances (including the insolvency of the supplier) and relevant up-to-date source code has been
In general, the author of content owns the copyright. In the case of a software developer, it's the person physically typing on the key board to create the code. An exception occurs under the Work for Hire doctrine where the work is developed by an employee with the scope of their employment.
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