Third Party Licensor Sample Clauses
The Third Party Licensor clause defines the rights and obligations related to software, technology, or content that is licensed from entities other than the main contracting parties. This clause typically clarifies that certain components of a product or service are governed by separate agreements with third-party licensors, and may outline any restrictions, obligations, or limitations imposed by those third parties. For example, it may specify that the use of embedded open-source software is subject to its own license terms. The core function of this clause is to ensure that all parties are aware of and comply with external licensing requirements, thereby reducing the risk of inadvertent infringement or breach of third-party rights.
Third Party Licensor s may modify or update the Managed Security Services from time to time without materially reducing or degrading its overall functionality; and the Supplier may modify or update this Schedule at any time to accurately reflect the Services by giving notice in accordance with clause 16.1 of the General Conditions.