Key description
- This is an agreement whereby a party (the Depositor) deposits a software source code with an escrow agent to be held in custody in favor of another party (the Beneficiary) following the entry into of a license agreement between the parties. Although designed for use in the US, this form may be adapted for use in other jurisdictions.
Language
Categories
Industries
Covered clausesGeneral
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Purpose of This Agreement
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Certain Definitions
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Deposit in Escrow
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Definition of Release Condition
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Release from Escrow
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Arbitration
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Delivery by Escrow Agent to Depositor
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Ownership of Source Materials
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License Upon Release to Beneficiary
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Subpoenas
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Warranties of Depositor
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Liability Limitation of Escrow Agent
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Indemnity
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Certain Disputes
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Verification
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Fees and Term
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Miscellaneous
