NOVATION SOFTPRO SOFTWARE LICENSE AGREEMENTEnd User License Agreement |
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Exhibit 10.17
NOVATION
SOFTPRO SOFTWARE LICENSE AGREEMENT
This SOFTWARE LICENSE AGREEMENT (the "Agreement") is dated as of September 27,
2005 ("Effective Date") and is made by and between FNIS SoftPro, a division of
FIDELITY NATIONAL INFORMATION SOLUTIONS, INC., with its principal office at 333
East Six Forks Road, Raleigh, North Carolina, 27609 ("SoftPro"), and FIDELITY
NATIONAL TITLE GROUP, INC., with its principal offices at 601 Riverside Avenue
Jacksonville, FL 32204 ("Client" or "FNT").
WHEREAS, Fidelity National Information Services, Inc. ("FIS"), the
parent company of SoftPro, previously entered into a certain Stock Purchase
Agreement, dated as of December 23, 2004 (the "Stock Purchase Agreement"), with
Fidelity National Financial, Inc., a Delaware corporation ("FNF"), pursuant to
which certain purchasers (the "Purchasers") purchased from FIS 50,000,000 shares
of FIS' common stock, subject to the terms and conditions of the Stock Purchase
Agreement; and
WHEREAS, a condition to the closing of the transactions contemplated by
the Stock Purchase Agreement required that FIS and FNF enter into certain
Intercompany Agreements (as defined in the Stock Purchase Agreement), and that
the form and substance of such Intercompany Agreements be satisfactory to the
Parties and the representatives of the Purchasers; and
WHEREAS, SoftPro previously entered into a SoftPro Software License
Agreement dated as of March 4, 2005 (the "FNF Agreement") with FNF, as the
parent company of FNT and its subsidiaries, with respect to the use of certain
software and the provision of certain services, as more fully described herein;
and
WHEREAS, pursuant to an Assignment and Assumption Agreement of even date
herewith between FNF and FNT, FNT has assumed, with the consent of FIS and
SoftPro, all of FNF's rights and obligations under the FNF Agreement; and
WHEREAS, SoftPro and FNT wish to enter into a novation of the rights and
obligations under the FNF Agreement, as assumed by and assigned to FNT, so that
FNT is the clear party in interest with respect to the license and services to
be provided by SoftPro, as more particularly described herein;
NOW THEREFORE, in consideration of the premises, and of the
representations, warranties, covenants and agreements set forth herein, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereto agree as follows:
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1. DEFINITIONS.
As used in this Agreement:
1.1 "ASSISTANCE" shall mean installation, conversion planning,
conversion, consulting assistance, workshops, training or
education classes performed by SoftPro, or other functions
mutually agreed to be "Assistance" by Client and SoftPro.
1.2 "BASE MODIFICATION" shall mean any Modification which SoftPro,
in its sole discretion, has incorporated into the base version
of the SoftPro Software which SoftPro makes generally available
to its customers.
1.3 "CLIENT SERVER SOFTWARE" shall mean those client-server based
applications set forth in Section 1.3 of Exhibit A hereto.
1.4 "COMPETITOR" shall mean a natural or legal person offering a
product that competes with SoftPro Software.
1.5 "CUSTOM MODIFICATION" shall mean any Modification to the SoftPro
Software other than a Base Modification.
1.6 "DAYS" shall mean calendar days, unless otherwise specified.
1.7 "DEFECT" shall mean any failure, malfunction, defect or
non-conformity in the SoftPro Software that prevents the SoftPro
Software in any material respect from operating and performing
in accordance with the Documentation.
1.8 "DOCUMENTATION" shall mean SoftPro's standard operating
instructions relating to the SoftPro Software, consisting of one
copy of the object code form of the SoftPro Software; a copy of
manuals consisting of instructions and procedures for systems
and operations personnel and end users of SoftPro Software, and
related documentation which SoftPro makes available to its
customers in general. SoftPro will deliver the Documentation to
Client in paper form, on CD ROM or electronically, at SoftPro's
discretion and in accordance with SoftPro's then-current
practices for such delivery (except that SoftPro Software shall
be delivered on machine readable media). Client acknowledges
that not all items of Documentation are available in all forms
of media. SoftPro shall have the right to change the medium upon
which the Documentation is delivered to Client without notice to
Client. Upon electronic delivery of Documentation, any
obligation of SoftPro to deliver multiple numbers of copies of
such Documentation to Client shall have no further force or
effect.
1.9 "ESCALATION PROCEDURES" shall mean the procedures set forth in
Section 10.3 of this Agreement.
1.10 "INSTALLATION SITE" shall mean each location at which the
SoftPro Software is installed and which is either (i) owned or
controlled by Client, (ii) owned or controlled by one or more
subsidiaries of FIS that are involved in the operation of
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the LSI business for FIS, or (iii) owned or controlled by a
Client contractor (who is not a Competitor and who has executed
a nondisclosure agreement consistent with the terms of this
Agreement) providing use of systems to Client, and which is
located in the United States. The initial Installation Site
address is listed in Section 2 of Exhibit A. Client may update
the list of Installation Sites from time to time upon thirty
(30) Days prior written notice to SoftPro.
1.11 "MAINTENANCE" shall mean the services described in Exhibit B
hereto.
1.12 "MAINTENANCE RELEASE" shall mean the current Release of the
SoftPro Software and the immediately prior Release (provided
that such Releases have been made available to Client), and
shall also include, at any given time, each Release delivered to
Client within the prior two years.
1.13 "MODIFICATION" shall mean any customization, enhancement,
modification or change made to the SoftPro Software authored by
or for SoftPro under this Agreement.
1.14 "MSA" shall mean the Master Information Technology Services
Agreement by and between Fidelity Information Services, Inc. and
Fidelity National Title Group, Inc. entered into as of the date
hereof, as amended, supplemented or modified from time to time.
1.15 "PC SOFTWARE" shall mean those personal computer-based
applications developed by SoftPro that are set forth in Section
1.2 of Exhibit A.
1.16 "PROPRIETARY INFORMATION" shall mean all information disclosed
by or for Client or SoftPro to the other during the negotiations
hereof and/or learned by reason of the relationship established
hereunder or pursuant hereto, including, without limitation, the
SoftPro Software, Documentation, Releases, Modifications and all
information, data and designs related thereto. Information
relating to each party's business, plans, affiliates or
customers shall also be deemed "Proprietary Information" for
purposes of the Agreement. "Proprietary Information" shall also
include all "non-public personal information" as defined in
Title V of the Gramm-Leach-Bliley Act (15 U.S.C. Section 6801,
et seq.) and the implementing regulations thereunder
(collectively, the "GLB Act"), as the same may be amended from
time to time, that SoftPro receives from or at the direction of
Client and that concerns any of Client's "customers" and/or
"consumers" (as defined in the GLB Act).
1.17 "RELEASE" shall mean the Base Modifications, and other new
versions, corrections, revisions, updates, modifications and
enhancements to the SoftPro Software and related Documentation
that SoftPro makes commercially available, without additional
charge, to licensees of the SoftPro Software to which SoftPro is
providing Maintenance. A Release does not include any new or
replacement products.
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1.18 "SERVER" shall mean a logical server that may include one (1) or
more physical servers.
1.19 "SOFTPRO AFFILIATE" shall mean any majority-owned, direct or
indirect subsidiary of SoftPro, as from time to time
constituted.
1.20 "SOFTPRO SOFTWARE" shall mean the object code and/or Source Code
of any program or part of a program as described in Exhibit A
licensed hereunder to Client. SoftPro Software includes all Base
Modifications, all Modifications authored by or for SoftPro, and
all Releases issued during the term of Maintenance under this
Agreement.
1.21 "SOURCE CODE" of SoftPro Software shall mean a copy of the
source code (or comparable high level coding) for the SoftPro
Software, including any annotations therein, certified by
SoftPro to Client, upon each delivery to Client, as a complete
and accurate copy of source code corresponding to the SoftPro
Software as last delivered or otherwise made available by
SoftPro (whether in pieces or in an integrated whole).
1.22 "THIRD PARTY SOFTWARE" shall mean those third party applications
provided by SoftPro that are set forth in Section 1.4 of Exhibit
A.
1.23 "USE LIMITATIONS" shall mean the use by Client of the Client
Server Software simultaneously on no more than the number of
Workstations licensed herein.
1.24 "WORKSTATION" shall mean any personal computer or computer
terminal on which use of Client Server Software is authorized.
2. GRANT OF LICENSE.
2.1 GRANT. Subject to Client's full payment, as due, of fees listed
in Exhibit C, SoftPro hereby grants to Client, and Client
accepts from SoftPro, a world-wide nonexclusive, perpetual,
irrevocable right and object code license (except as otherwise
provided for in Section 3 below) to use the SoftPro Software and
Documentation at the Installation Site(s), subject to the
restrictions and obligations set forth herein.
2.2 DELIVERY. Client acknowledges and agrees that it has received,
prior to the Effective Date, delivery of the SoftPro Software in
object code form and the Documentation.
3. SOURCE CODE DELIVERY
3.1 DUTY TO DELIVER. Under the circumstances listed in Section 3.2
below, solely for purposes of integration, maintenance,
modification and enhancement of Client's installation(s) of
SoftPro Software, SoftPro shall promptly deliver to Client a
complete copy of Source Code, which shall be subject to all of
the license terms and restrictions applicable to the SoftPro
Software.
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3.2 CONDITIONS. SoftPro's duty of delivery of Source Code as
described above shall be immediately due and enforceable in
equity upon any of these circumstances:
(a) SoftPro has given notice to Client under terms of
Maintenance that SoftPro shall cease, or SoftPro has
ceased, (i) providing Maintenance generally or (ii)
supporting any part of SoftPro Software, and in the
event of notice of future termination, such termination
(whenever notice is given) shall be effective within
twelve months.
(b) SoftPro shall apply for or consent to the appointment of
a receiver, trustee, or liquidator of all or a
substantial part of its assets, file a voluntary
petition in bankruptcy, make a general assignment for
the benefit of creditors, file a petition or an answer
seeking reorganization or arrangement with creditors or
take advantage of any insolvency law, or if an order,
judgment or decree shall be entered by any court of
competent jurisdiction, on the application of a
creditor, adjudicating SoftPro as bankrupt or insolvent
or approving a petition seeking reorganization of
SoftPro or appointing a receiver, trustee, or liquidator
of SoftPro or of all or substantial part of its assets,
and such order, judgment or decree shall continue
unstayed and in effect for any period of thirty (30)
consecutive Days.
(c) SoftPro shall be in breach of any material covenant
herein or under Maintenance (or of any Development
Services SOW under the MSA) which, following notice of
breach in reasonable detail from Client, is not cured
within thirty (30) Days. To the extent the breach
relates to Maintenance on a specific module or separable
component of SoftPro Software, the duty of Source Code
delivery shall be limited to the Source Code for such
specific module or separable component.
(d) Client shall have requested development or integration
services with respect to SoftPro Software which SoftPro
is unable or unwilling to provide or as to which the
parties cannot timely come to commercial terms.
(i) To the extent the integration or development
relates to a specific module or separable
component of SoftPro Software, the duty of
Source Code delivery shall be limited to the
Source Code for such specific module or
separable component.
(ii) In the event of delivery of Source Code by
SoftPro under this subsection (d), upon Client's
completion of its development or integration
effort, equating generally to the same scope of
work that SoftPro was requested to perform but
did not perform, it will provide to SoftPro a
copy of the source code for the development or
enhancement, including any annotations therein,
certifying same as complete and accurate and,
without further formality, SoftPro
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shall be deemed granted a license to use that
source code developed by Client or its
non-Competitor contractors, solely for
maintenance or further development of the
SoftPro Software as implemented for Client and
for no other use or beneficiary.
(iii) Six (6) months following the delivery by Client
to SoftPro of source code for Client's
developments or enhancements under Section
3.2(d)(ii), SoftPro may request that Client
certify, and Client will promptly certify to
SoftPro, that Client has destroyed all copies of
(x) Source Code delivered to it by SoftPro
3.2(d) and (y) all copies of the source code for
Client's development or enhancement - except two
hard copy prints of source code for Client's
development or enhancement for proof of
authorship.
(iv) Client's right to obtain access to Source Code
pursuant to this Section 3.2(d) may be invoked
at any time and from time to time, regardless of
the continuity of Maintenance.
4. SOFTWARE USE RESTRICTIONS.
4.1 RESTRICTIONS ON SOFTPRO SOFTWARE.
(a) Client may not use the SoftPro Software in a service
bureau or in a time share arrangement.
(b) Client may not sell, lease, assign, transfer, distribute
or sublicense the SoftPro Software or Documentation, to
any party that is not a (direct or indirect) subsidiary
of Client except as set forth in Schedule 4.1(b) hereto
and except that Client may sublicense the SoftPro
Software to one or more subsidiaries of FIS that are
involved in the operation of the LSI business for FIS.
Client may not sell, lease, assign, transfer, distribute
or sublicense the Source Code to any person or entity at
any time, except that Client may sublicense the Source
Code to a direct or indirect subsidiary of Client as
necessary to exercise Client's rights to modify and
create derivative works of the SoftPro Software and
Documentation.
(c) Client shall use SoftPro Software subject to the Use
Limitations.
(d) Client will not make copies, or similar versions of the
SoftPro Software or any part thereof without the prior
written consent of SoftPro, except in the process of
contemplated use, for administrative, archival or
disaster recovery backup, and as expressly provided
otherwise herein.
(e) Client may not provide copies of the SoftPro Software to
any person, firm, or corporation not permitted hereunder
except as permitted under Sections 4.1(b) and (d) above,
and except as to Client's non-Competitor contractors or
subcontractors who have executed nondisclosure terms
consistent with the confidentiality terms herein.
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(f) Client shall not allow any third party to use or have
access to the SoftPro Software for any purpose without
SoftPro's prior written consent except as permitted
under Sections 4.1(b) and (d) above, and except as to
Client's non-Competitor contractors or subcontractors
who have executed nondisclosure terms consistent with
the confidentiality terms herein.
(g) Client agrees not to disclose, decompile, disassemble or
reverse engineer the SoftPro Software.
4.2 ADDITIONAL RESTRICTIONS ON PC SOFTWARE.
(a) Except as specifically set forth herein, all other
restrictions on use, copying or disclosure of the
SoftPro Software and Client's agreement to maintain the
confidentiality thereof shall apply to the PC Software
and its Documentation.
(b) Client may not modify the PC Software (although SoftPro
may do so on Client's behalf.)
5. TERM; TERMINATION
5.1 The term of license shall be perpetual subject to termination in
accordance with the terms herein.
5.2 Client may terminate the license for convenience upon no less
than ninety (90) days prior written notice to the other.
5.3 A license enjoyed by a direct or indirect subsidiary of Client
shall terminate without further formality upon the six month
anniversary date after such entity's ceasing to be a subsidiary
of Client. Client shall cause such subsidiary to agree to
migrate its data off the SoftPro Software and on to an
alternative product during the above described six month period.
In any event, if the subsidiary becomes a subsidiary of a
Competitor, the license to the subsidiary shall terminate
immediately.
5.4 In the event Client or a Client subsidiary discloses any of the
SoftPro Software or any material part of the Documentation to a
Competitor, then SoftPro upon thirty (30) days prior written
notice to Client, may terminate the license with respect to that
portion of relating to the SoftPro Software and Documentation
provided to such competitor if Client on its own does not (or if
Client does not cause its subsidiary to) discontinue disclosure
of the SoftPro Software and Documentation to such Competitor
within thirty days following Client's receipt of SoftPro'
written notice. Any such termination shall be effective upon the
expiration of the cure period. The foregoing is intended to
apply only to the remedy of termination. SoftPro shall retain
the right to pursue any other remedies in the event Client or
its Subsidiary makes an unauthorized disclosure to a Competitor,
including injunctive relief or recovery of damages, and,
depending on the nature of the
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disclosure, requesting that Client undertake other measures in
addition to simply discontinuing disclosure to the Competitor.
5.5 In the event of termination of the license for any reason,
Client and/or its subsidiary, as applicable, shall promptly
cease all use of the relevant SoftPro Software, delete from its
systems all copies of the relevant SoftPro Software, and within
thirty (30) days of termination, return to SoftPro all tangible
copies of the relevant SoftPro Software, together with
certification that is has ceased such use, deleted such copies
and returned such tangible copies as required hereunder.
5.6 Each party acknowledges and agrees that, in the event of
Client's breach or threatened breach or any provision of
Sections 4, 5.3, 5.4, 5.5 or 7, SoftPro shall have no adequate
remedy in damages and notwithstanding the dispute resolution
provisions in Section 11 hereof, is entitled to seek an
injunction to prevent such breach or threatened breach;
provided, however, no specification of a particular legal or
equitable remedy is to be construed as a waiver, prohibition, or
limitation of any legal or equitable remedies in the event of a
breach hereof.
5.7 Licenses purchased pursuant to the option in Schedule 4.1(b)
shall survive in accordance with their terms.
6. INTELLECTUAL PROPERTY RIGHTS.
6.1 OWNERSHIP OF SOFTPRO SOFTWARE AND DOCUMENTATION. From the date
the SoftPro Software and Documentation is first disclosed to
Client, and at all times thereafter, as between the parties,
SoftPro and its licensors shall be the sole and exclusive owners
of all right, title, and interest in and to the SoftPro
Software, Documentation and all Modifications, including,
without limitation, all intellectual property and other rights
related thereto. The parties acknowledge that this Agreement in
no way limits or restricts SoftPro and the SoftPro Affiliates
from developing or marketing on their own or for any third party
in the United States or any other country, the SoftPro Software,
Documentation or Modifications, or any similar software
(including, but not limited to, any modification, enhancement,
interface, upgrade, change and all software, source code,
blueprints, diagrams, flow charts, specifications, functional
descriptions or training materials relating thereto) without
payment of any compensation to Client, or any notice to Client.
6.2 DEVELOPMENT SERVICES. Client may from time to time wish to
augment the SoftPro product with additional functionality or
utility, or to integrate it with Client systems from other
sources, and for such purposes may request the provision of
development services from SoftPro pursuant to a statement of
work under the MSA (a "SOW").
6.3 CONFLICT WITH MSA. Title to any SoftPro work product developed
under the MSA shall be determined by the MSA notwithstanding any
conflicting terms herein.
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7. CONFIDENTIALITY.
7.1 CONFIDENTIALITY OBLIGATION. Proprietary Information (i) shall be
deemed the property of the disclosing party (or the party for
whom such data was collected or processed, if any), (ii) shall
be used solely for the purposes of administering and otherwise
implementing the terms of this Agreement and any ancillary
agreements, and (iii) shall be protected by the receiving party
in accordance with the terms of this Section 7.
7.2 NON-DISCLOSURE COVENANT. Except as set forth in this Section,
neither party shall disclose the Proprietary Information of the
other party in whole or in part, including derivations, to any
third party. If the parties agree to a specific nondisclosure
period for a specific document, the disclosing party shall mark
the document with that nondisclosure period. In the absence of a
specific period, the duty of confidentiality for (a) SoftPro
Software (except pursuant to Schedule 4.1(b),) Source Code and
related Documentation shall extend in perpetuity and (b) with
respect to any other Proprietary Information shall extend for a
period of five (5) years from disclosure. Proprietary
Information shall be held in confidence by the receiving party
and its employees, and shall be disclosed to only those of the
receiving party's employees and professional advisors who have a
need for it in connection with the administration and
implementation of this Agreement. In no event shall Client
disclose SoftPro Proprietary Information t






