Source Code Escrow Agreement

£10.00

The Source Code Escrow Agreement is used to create an agreement for escrowing software source code, so that customers may obtain the source code in the event of a default by the developer.

Description

The Source Code Escrow Agreement is used to create an agreement for escrowing software source code, so that customers may obtain the source code in the event of a default by the developer.

Extract

 Source Code Escrow Agreement

THIS AGREEMENT, made and entered into this day of , 20      by and between [Insert Name of Company] a company registered in England and Wales.

Registered number: [Insert Registered Number]. Registered office: [Insert Registered Address] (hereinafter "Licensor") and [Insert Name of Company] a company registered in England and Wales. Registered number: [Insert Registered Number]. Registered office: [Insert Registered Address] (hereinafter "Escrow Agent").

Witness

WHEREAS, Licensor and Licensee have entered into an agreement (the "License Agreement") pursuant to which Licensor has provided to Licensee certain proprietary computer programs in object code form, such programs being listed in Schedule A below (the "Licensed Programs");

and

WHEREAS, Licensor and Licensee have agreed to place the source code corresponding to the Licensed Programs in escrow to be released to Licensee upon breach of certain obligations of...

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