LastName] shall be granted a 72 hour period after initial access is granted. During this period, the Licensee may report any errors, missing features, or other issues related to the source code. This initial inspection shall be performed with the source code in its original state.
Any modification or other alteration of the source code shall constitute acceptance of the Software by [Client. LastName] agrees to correct any such errors in a timely manner, after which [Client.
LastName] shall accept the source code for use pursuant to the terms of this agreement. Under no circumstances will either party or their representatives be liable to each other for any incidental, consequential, or indirect damages including but not limited to lost or damaged data, revenue loss, economic loss, or commercial loss arising out of a breach of any terms and conditions set forth in this source code license agreement.
This limitation of liability shall apply regardless of if the alleged breach is a fundamental breach or fundamental term. Both parties are in understanding that some jurisdictions do not allow the exclusion of liability for consequential damages and as so the above limitation may not apply.
While the term of this agreement may be perpetual, this agreement may terminate immediately in the event any breach occurs of the terms and conditions listed herein. The defaulting party will be allotted 30 days to cure the breach upon written notice or face immediate agreement termination. Under no condition should any disclosures of the licensed source code or theft of the Clients computers be grounds for termination of this agreement.
In the event of termination [Client. LastName] must destroy any and all copies of the Software as well as the included documentation. LastName] agrees to hold [Sender. LastName] harmless as well as defend [Sender.
LastName] from any and all damages, costs, and liabilities that take place from a lawsuit due to any of the following. Additionally, [Sender. If your software and all its related information and documents will be seen and accessed by multiple parties employers, consultants, freelancers working with the other party , you could also insert a clause requesting for a list of all parties that had access to your confidential information.
Using this list, you can perform an individual check with each party to ensure that all information has been returned to you or deleted. This list is also useful for any breaches that may occur in the future as it helps you to track down with whom or where the breach might have occurred. To prevent any misunderstandings or conflict of laws, you should insert a clause that specifies which governing law is to apply in case of any disagreement with regards to the terms of the NDA.
Although this can present a different set of challenges, you can choose to have governing laws and jurisdictions from different areas.
When it comes to retail software, most companies use an end-user license agreement EULA to protect their software. Nov 28, Non-disclosure Agreements. Negotiation may be necessary, as clients generally prefer to own the source code upon completion of the deliverable. A potential solution is to carefully draft the software development agreement to distinguish between a source code that was pre-built or not custom and thus will only licensed , b any open source code used that will be subject to open source licenses , and c custom code built for the delivered application.
If you have any questions or legal needs, please feel free to give us a call or use our contact form. We endeavor to respond back within 2 business days to set up a time to chat. Document everything legally with the help of our Source Code Trust Agreemendormernsed Program Template, a trustworthy legal agreement in Google Docs that gives you a proper structure to help you write the document correctly with suggestive content. It will guide you through the complete process of with legitimate format.
Download today and keep up the professional work the way you want it! Then you should make this Source Code Escrow Agreement Template between the licensor, licensee and the escrow agent. No more worrying about your contractual relationships with the escrow agent. You can bring the high-quality and versatility of this agreement template in Pages , Word and Docs file to your use and customize it according to preference! You should develop a trust agreement with your agent who will help you deal with such agreements.
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Get assured of your professional and personal outcome by using this Source Code Trust Agreement Development Template between the licensing parties. Our expert team has embedded this agreement sample template with suggestive headings and content that will help you draft a ready-made document in no time!
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