PSC Software Clause Samples
The "PSC Software" clause defines the terms under which software provided by the Project Support Consultant (PSC) is supplied, used, and maintained within a project. Typically, this clause outlines the scope of software deliverables, licensing arrangements, and any restrictions on use or distribution. For example, it may specify whether the client receives a perpetual or limited license, who is responsible for updates, and how intellectual property rights are handled. The core function of this clause is to ensure both parties have a clear understanding of their rights and obligations regarding the PSC's software, thereby minimizing disputes over usage, ownership, and support.
PSC Software. PSC represents that Exhibit D attached hereto includes a complete list of the Licensed PSC Programs used by PSC in providing the Network Services. PSC hereby grants to UBS AG a license to use the Licensed PSC Programs in accordance with Section 4.3 of the Amended and Restated Master Operating Agreement as if the Network Transition was a termination of the SBC Warburg EPI Agreement as contemplated by Section 4.3. The license granted hereby is assignable by UBS AG to the Designated UBS Entity with notice to PSC.
PSC Software. PSC Software is and shall remain PSC's property and MBC shall have no rights or interests to the PSC Software except as described in this Section 12.5.
PSC Software. PSC Software shall consist of the following products, subject to availability as set forth in PSC’s life cycle policies. The user definitions referenced in the licensing models herein are as defined in PSC’s then current Policy Guide.