This form is a Source Code Escrow Agreement. The form provides that as compensation for the services to be performed by the escrow agent, the licensee will pay the escrow agent a certain fee which is due at the time of execution of the agreement. The document also provides that neither the escrow agreement, nor any rights, liabilities or obligations may be assigned by the escrow agent without the prior written consent of the licensee and the licensor.
The Lima Arizona Source Code Escrow Agreement is a legally binding contract between a software developer, a licensee, and an escrow agent. It is designed to protect the interests of the licensee by ensuring that the source code, which is the backbone of any software, is accessible even in unforeseen circumstances. The Lima Arizona Source Code Escrow Agreement ensures that the licensee has access to the source code in case of certain triggering events such as bankruptcy, acquisition, or failure to maintain the software by the developer. By depositing a copy of the source code with a trusted third-party escrow agent, the licensee can gain access to the source code should the developer fail to fulfill their obligations. Keywords: Lima Arizona, Source Code Escrow Agreement, software developer, licensee, escrow agent, source code, triggering events, bankruptcy, acquisition, failure, deposit, trusted third-party, fulfill obligations. Different types of Lima Arizona Source Code Escrow Agreements may include: 1. Single Beneficiary Escrow Agreement: This type of agreement involves only one party as the beneficiary or the licensee, which is usually a company or an individual who has obtained a software license from the developer. 2. Multi-Beneficiary Escrow Agreement: In this agreement, multiple licensees are involved, each having their own separate agreements with the developer. The escrow agent ensures that each licensee's source code is securely stored and accessible to them individually. 3. Developer-Friendly Escrow Agreement: This type of agreement is more favorable to the software developer, as it includes specific provisions that protect the developer's intellectual property rights and limits the circumstances in which the source code can be accessed by the licensee. 4. Customized Escrow Agreement: This type of agreement allows for the inclusion of specific clauses and terms tailored to the unique needs and requirements of the licensee and the developer. It provides flexibility in negotiating terms such as access conditions, release triggers, and periodic audits of the source code deposits. Keywords: Single Beneficiary Escrow Agreement, Multi-Beneficiary Escrow Agreement, Developer-Friendly Escrow Agreement, Customized Escrow Agreement, IP rights, access conditions, release triggers, periodic audits.
The Lima Arizona Source Code Escrow Agreement is a legally binding contract between a software developer, a licensee, and an escrow agent. It is designed to protect the interests of the licensee by ensuring that the source code, which is the backbone of any software, is accessible even in unforeseen circumstances. The Lima Arizona Source Code Escrow Agreement ensures that the licensee has access to the source code in case of certain triggering events such as bankruptcy, acquisition, or failure to maintain the software by the developer. By depositing a copy of the source code with a trusted third-party escrow agent, the licensee can gain access to the source code should the developer fail to fulfill their obligations. Keywords: Lima Arizona, Source Code Escrow Agreement, software developer, licensee, escrow agent, source code, triggering events, bankruptcy, acquisition, failure, deposit, trusted third-party, fulfill obligations. Different types of Lima Arizona Source Code Escrow Agreements may include: 1. Single Beneficiary Escrow Agreement: This type of agreement involves only one party as the beneficiary or the licensee, which is usually a company or an individual who has obtained a software license from the developer. 2. Multi-Beneficiary Escrow Agreement: In this agreement, multiple licensees are involved, each having their own separate agreements with the developer. The escrow agent ensures that each licensee's source code is securely stored and accessible to them individually. 3. Developer-Friendly Escrow Agreement: This type of agreement is more favorable to the software developer, as it includes specific provisions that protect the developer's intellectual property rights and limits the circumstances in which the source code can be accessed by the licensee. 4. Customized Escrow Agreement: This type of agreement allows for the inclusion of specific clauses and terms tailored to the unique needs and requirements of the licensee and the developer. It provides flexibility in negotiating terms such as access conditions, release triggers, and periodic audits of the source code deposits. Keywords: Single Beneficiary Escrow Agreement, Multi-Beneficiary Escrow Agreement, Developer-Friendly Escrow Agreement, Customized Escrow Agreement, IP rights, access conditions, release triggers, periodic audits.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.