Common use of Source Code Escrow Clause in Contracts

Source Code Escrow. Pursuant to 62 O.S. § 34.31, if customized computer software is developed or modified exclusively for a State agency, the Supplier has a continuing obligation to comply with such law and place the source code for such software and any modifications thereto into escrow with an independent third party escrow agent. Supplier shall pay all fees charged by the escrow agent and enter into an escrow agreement, the terms of which are subject to the prior written approval of the State, including terms that provide the State receives ownership of all escrowed source code upon the occurrence of any of the following:

Appears in 11 contracts

Samples: State of Oklahoma Contract, Oklahoma Statewide Contract, Flexible Spending Accounts Services Agreement

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