Common use of Updates and Modifications Clause in Contracts

Updates and Modifications. Licensee acknowledges and agrees that R3 may make available to Licensee modifications or updates to the Corda Enterprise Software or the Documentation from time to time, including by posting a link or otherwise providing access allowing Licensee to download such modifications or updates. Licensee agrees to implement such modifications and updates within any required time period specified by R3 in connection with the notice of such modification or update, or if no time period is specified, within 30 days; provided that Licensee may continue to use prior versions of the Corda Enterprise Software solely for purposes of testing and certifying against newer versions. Licensee expressly acknowledges that such modifications may change the functionality of the Corda Enterprise Software and integration with other systems (including Licensee’s CorDapps), and may not be backward compatible with earlier versions of Corda Enterprise Software. Licensee acknowledges and agrees that in the event updates to Licensee’s CorDapps are needed to ensure compatibility with modifications or updates to the Corda Enterprise Software, Licensee shall be responsible for making such changes.