Common use of SOURCE CODE ESCROW FOR LICENSED PRODUCT Clause in Contracts

SOURCE CODE ESCROW FOR LICENSED PRODUCT. If Source Code or Source Code escrow is offered by either Contractor or Product manufacturer or developer to any other commercial customers, Contractor shall either: (i) provide Licensee with the Source Code for the Product; or (ii) place the Source Code in a third party escrow arrangement with a designated escrow agent who shall be named and identified to the State, and who shall be directed to release the deposited Source Code in accordance with a standard escrow agreement

Appears in 2 contracts

Sources: Food (Baked Goods) Contract, Food (Baked Goods) Contract