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
Purpose of This Agreement
Certain Definitions
Deposit in Escrow
Definition of Release Condition
Release from Escrow
Arbitration
Delivery by Escrow Agent to Depositor
Ownership of Source Materials
License Upon Release to Beneficiary
Subpoenas
Warranties of Depositor
Liability Limitation of Escrow Agent
Indemnity
Certain Disputes
Verification
Fees and Term
Miscellaneous
