The Source Code Agreement favoring the licensee provides a framework for granting the licensee broad rights to use the source code. The definition of source code under the Agreement is very broad and includes documentation, specifications and instruction sets as required to understand the structure of the program code. The broad license grant empowers licensee to use and modify the source code, develop derivative works, and distribute product developed from the source code. The license also grants licensee the right to use and display the trademark associated with the source code. Receipt of the source code is subject to verification by licensee and licensor has a continuing obligation to deliver source code updates to licensee. The license is granted as security for a loan granted to a third corporate party and does not require payment of a separate source code license fee. You can find answers to your questions using our extensive library of audio questions and answers.
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