Proprietary Software definition
Examples of Proprietary Software in a sentence
No Proprietary Software is subject to any “copyleft” or other open source license that requires, as a condition of the use, modification, or distribution of such open source software, that such Proprietary Software or any portion thereof be (i) disclosed or distributed in source code form, (ii) licensed for the purpose of making derivative works, or (iii) redistributable at no charge.
The Acquired Companies exclusively own all right, title, and interest in and to the Proprietary Software (except for the underlying open source and other licensed products forming a part thereof) and all related Intellectual Property Rights, free and clear of any Restrictions (other than Permitted Liens), and no Person has any rights to obtain ownership or exclusive license rights therein.
The Proprietary Software is, and during the past 24 months has been, in all material respects functional for its intended purpose and in conformity with its applicable documentation and specifications, subject to ordinary-course bugs, errors, and defects that do not, individually or in the aggregate, materially impair the use of the Proprietary Software in the operation of the Business.
The Acquired Companies have not disclosed or provided the source code for the Proprietary Software to any third party, except to employees and contractors in the ordinary course, or as required by Law.
The Acquired Companies are not obligated to disclose or deliver, and are not subject to any escrow 59 4907-7785-9703.29 arrangement requiring the disclosure or delivery of the source code for the Proprietary Software to any Person.