Common use of Source Code Escrow Agreement Clause in Contracts

Source Code Escrow Agreement. At the request of Swedavia the Parties shall enter into a source code escrow agreement (the "Escrow Agreement") pursuant to the terms of the Stockholm Chamber of Commerce ("Chamber of Commerce") template agreement for source code escrow ("Template Agreement"). The Escrow Agreement shall include an obligation for the Supplier to continually deposit the latest version of the source code for the Deliverables/Results. Notwithstanding the foregoing, the Supplier shall only be liable to deposit the source code owned by a third party in the event that consent to such deposition can be obtained from the third party. The Supplier shall take all reasonable measures to obtain such consent from the third party. The Parties agree that the Escrow Agreement, in addition to the situations described in the Template Agreement, also shall include instructions on disclosure of source code in the event that Swedavia exercises its right to terminate the Agreement. With the exception of charges to be paid to the Chamber of Commerce, which is to be borne by Swedavia, each Party shall bear its own costs associated with the escrow.