Virgin Islands Vendor Oriented Source Code Escrow Agreement

State:
Multi-State
Control #:
US-13087BG
Format:
Word; 
Rich Text
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Description

Source code is the list of human readable instructions that a programmer writes when developing a program. The source code is run through a compler to turn it into machine code, also called object code that a computer can unerstand and execute.
A Virgin Islands Vendor Oriented Source Code Escrow Agreement is a legal arrangement between a software vendor and a licensee (typically a software customer) that outlines the terms and conditions for securing access to the source code of the licensed software. This type of agreement is specifically tailored for parties located in the Virgin Islands jurisdiction and aims to protect the licensee's investment by ensuring the availability and usability of the source code even in unforeseen circumstances such as the vendor's bankruptcy, acquisition, or failure to maintain and support the software. The Virgin Islands Vendor Oriented Source Code Escrow Agreement typically includes the following key components: 1. Parties: The agreement explicitly identifies the participating parties, namely the software vendor, the licensee, and the independent escrow agent who will hold the source code. 2. Source Code Depository: It outlines the procedures for the licensee to deposit the source code with the escrow agent. This may include details on the format, documentation, and any associated materials to be included. 3. Release Conditions: The agreement specifies the conditions under which the escrow agent will release the source code to the licensee. These conditions commonly include situations where the vendor breaches their obligations, becomes insolvent, or fails to provide necessary support. 4. Verification and Testing: It may outline provisions for the licensee to periodically verify and test the deposited source code to ensure its completeness, integrity, and usefulness. 5. Escrow Fees: The agreement may detail the fees or costs associated with establishing and maintaining the escrow arrangement, including any periodic payments and termination expenses. 6. Termination and Updates: It clarifies the procedures and consequences in case of agreement termination by either party, as well as the steps to update the escrow account with newer versions or updates of the software. Within the Virgin Islands jurisdiction, there may not be distinct types of Vendor Oriented Source Code Escrow Agreements named specifically. However, different variations of such agreements might exist, focusing on specific industries or sectors, such as technology, finance, healthcare, or government. In conclusion, a Virgin Islands Vendor Oriented Source Code Escrow Agreement is a legally binding document that safeguards the licensee's access to the source code of licensed software. Its purpose is to mitigate risks and uncertainties associated with the software vendor. By utilizing such agreements, parties can ensure the continuity and maintenance of critical software systems.

A Virgin Islands Vendor Oriented Source Code Escrow Agreement is a legal arrangement between a software vendor and a licensee (typically a software customer) that outlines the terms and conditions for securing access to the source code of the licensed software. This type of agreement is specifically tailored for parties located in the Virgin Islands jurisdiction and aims to protect the licensee's investment by ensuring the availability and usability of the source code even in unforeseen circumstances such as the vendor's bankruptcy, acquisition, or failure to maintain and support the software. The Virgin Islands Vendor Oriented Source Code Escrow Agreement typically includes the following key components: 1. Parties: The agreement explicitly identifies the participating parties, namely the software vendor, the licensee, and the independent escrow agent who will hold the source code. 2. Source Code Depository: It outlines the procedures for the licensee to deposit the source code with the escrow agent. This may include details on the format, documentation, and any associated materials to be included. 3. Release Conditions: The agreement specifies the conditions under which the escrow agent will release the source code to the licensee. These conditions commonly include situations where the vendor breaches their obligations, becomes insolvent, or fails to provide necessary support. 4. Verification and Testing: It may outline provisions for the licensee to periodically verify and test the deposited source code to ensure its completeness, integrity, and usefulness. 5. Escrow Fees: The agreement may detail the fees or costs associated with establishing and maintaining the escrow arrangement, including any periodic payments and termination expenses. 6. Termination and Updates: It clarifies the procedures and consequences in case of agreement termination by either party, as well as the steps to update the escrow account with newer versions or updates of the software. Within the Virgin Islands jurisdiction, there may not be distinct types of Vendor Oriented Source Code Escrow Agreements named specifically. However, different variations of such agreements might exist, focusing on specific industries or sectors, such as technology, finance, healthcare, or government. In conclusion, a Virgin Islands Vendor Oriented Source Code Escrow Agreement is a legally binding document that safeguards the licensee's access to the source code of licensed software. Its purpose is to mitigate risks and uncertainties associated with the software vendor. By utilizing such agreements, parties can ensure the continuity and maintenance of critical software systems.

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(the ?PURCHASER?), a BVI International Business Company, the registered address of which is; 30 De Castro Street, Road Town Tortola, British ... See also the definitions of supplies and information technology systems in this section. Contract means, for the purpose of Federal financial assistance, ...$4,875,000 into an escrow account to be used to implement TerritorialBankruptcy Code in the District Court of the U.S. Virgin Islands, ...218 pages ? $4,875,000 into an escrow account to be used to implement TerritorialBankruptcy Code in the District Court of the U.S. Virgin Islands, ... Reimbursable when the specified support increases the seller'scommunicates the Treasury Account Symbol/Business Event Type Code for each order.273 pages reimbursable when the specified support increases the seller'scommunicates the Treasury Account Symbol/Business Event Type Code for each order. In the case of a proposal for information technology, as defined in § 2.2-2006,of the particular contractor shall be included in the contract file. By C Comito · 2016 · Cited by 2 ? pertinent sections from the Code of Federal Regulations (C.F.R.'s), the FTA Master. Agreement (MA) and FTA Circulars that are the source of the requirement.319 pages by C Comito · 2016 · Cited by 2 ? pertinent sections from the Code of Federal Regulations (C.F.R.'s), the FTA Master. Agreement (MA) and FTA Circulars that are the source of the requirement. To file a program complaint of discrimination, complete the USDA Programthat enters into the agreement with the State Agency and must.468 pages ? To file a program complaint of discrimination, complete the USDA Programthat enters into the agreement with the State Agency and must. EGID is seeking a Pharmacy Benefit Manager (PBM) to provide processing services for prescriptionSource Code Escrow ? Reference Title 62 O.S. § 34.31 .77 pages EGID is seeking a Pharmacy Benefit Manager (PBM) to provide processing services for prescriptionSource Code Escrow ? Reference Title 62 O.S. § 34.31 . The Buyers also signed an Escrow Agreement in which they agreed to pay $1.5Here, the relevant source of law is the Virgin Islands Code. (2) Any undeveloped resource that is, or with new technology will become, a source of raw materials. (b) Unless this contract otherwise requires virgin ...

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Virgin Islands Vendor Oriented Source Code Escrow Agreement