Common use of License of Non-EmTech Source Code Clause in Contracts

License of Non-EmTech Source Code. EmTech shall have the right, and to the maximum extent required is hereby granted a perpetual, exclusive, royalty-free, fully paid-up, transferable, unlimited, irrevocable and worldwide license, to disclose and display to authorized programmers, all such portions of the Non- EmTech Source Code, upon its release from escrow, that an authorized programmer would reasonably need to complete both an estimate for and the performance of services to maintain and use and otherwise employ the Non-EmTech Source Code, subject only to Article 5. If EmTech selects such authorized programmers to perform the services to maintain, use or otherwise Employ the Non-EmTech Source Code following its release from escrow, EmTech shall have the further right to deliver and disclose the Non-EmTech Source Code to the selected authorized programmers for the purpose of allowing the authorized programmers to make modifications and enhancements to, and create derivative works and improvements of, the Pre-existing Material and the Deliverables (including adding to the Deliverables modules or features of the Software not previously included in the Deliverables), the right, title and interest in and to all of which shall vest in EmTech, subject only to Article 5.

Appears in 2 contracts

Sources: Settlement Agreement (T Stamp Inc), Settlement Agreement (T Stamp Inc)