[*] = CERTAIN INFORMATION IN THIS EXHIBIT HAS
BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION.
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE
OMITTED PORTIONS.
SOFTWARE LICENSE & SUPPORT AGREEMENT
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LICENSOR
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LICENSEE
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Citicorp Credit
Services, Inc. (USA)
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20400 Stevens
Creek Blvd.
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IN
CONSIDERATION of
the mutual covenants and undertakings
contained herein, and intending to be legally bound, Licensor and
Licensee (as designated above) agree as follows.
1.1
Specific Words or
Phrases. For
purposes of this Agreement, each word or phrase listed below shall
have the meaning designated. Other words or phrases used in this
Agreement may be defined in the context in which they are used, and
shall have the respective meaning there designated.
“
Affiliate ” means and includes any entity
that directly or indirectly controls, is controlled by, or is under
common control with Licensee, where “control” means the
ownership of, or the power to vote, at least twenty percent (20%)
of the voting stock, shares or interests of such entity. An entity
that otherwise qualifies under this definition will be included
within the meaning of “Affiliate” even though it
qualifies after the execution of this Agreement.
“
Agreement ” means the terms of this Master
Software License & Support Agreement (sometimes referred to as
“Master Agreement”), together with the appendices and
other exhibits attached hereto or incorporated herein by reference;
provided, however, that for each particular License Schedule,
reference to “Agreement” shall be construed solely as a
reference to the agreement that arises as a result of the execution
of the License Schedule, which agreement shall be a two party
agreement between Licensor and the specific entity (either the
entity designated above as “Licensee” or an Affiliate)
that executes the License Schedule.
“
Defect ” means a defect, failure,
malfunction, or nonconformity in the Software that prevents the
Software from operating in accordance with [*].
“Deliver” and
“Delivered” and “Delivery”
mean delivery of the Software by
Licensor to the Delivery Site specified in the applicable License
Schedule.
“
Documentation ” means all documents and
materials (in any language, format or medium) that are normally
supplied by Licensor to its commercial licensees to aid in the use
and operation of the Software, and all modifications to such
documents or materials that are made by or on behalf of Licensor
from time to time (provided such modifications do not diminish the
performance or operational capabilities of the Software),
including: (i) functional, technical, design and performance
specifications and (ii) installation, configuration,
administration, operation and maintenance procedures and
instructions, and (iii) training guides and user
manuals.
"
Intellectual Property Rights " means all trade
secrets, patents and patent applications, trade marks (whether
registered or unregistered and including any goodwill acquired in
such trade marks), service marks, trade names, business names,
internet domain names, e-mail address names, copyrights (including
rights in computer software), moral rights, database rights, design
rights, rights in know-how, rights in confidential information,
rights in inventions (whether patentable or not) and all other
intellectual property and proprietary rights (whether registered or
unregistered, and any application for the foregoing), and all other
equivalent or similar rights which may subsist anywhere in the
world.
“License”
means a license to use the Software
granted pursuant to the terms and conditions of a License
Schedule.
"
Licensee " means, for the general purposes of the
Master Agreement, the entity designated above as
“Licensee”. However, for the particular purposes of any
agreement that arises as a result of a License Schedule, reference
to “Licensee” shall be construed solely as a reference
to the specific entity (either the entity designated above as
“Licensee” or an Affiliate) that executes the License
Schedule.
“
License Schedule ” means a transactional
document that is submitted pursuant to this Master Agreement by
either the entity designated above as “Licensee” or any
Affiliate, and describes the Software and services to be provided
by Licensor to such Licensee / Affiliate.
“
Maintenance Services ” consists of the
support and maintenance services to be provided by Licensor in
accordance with the requirements set forth or referenced in
Section 11 and Appendix B .
“
Party ” means either the
“Licensor” or “Licensee”, individually as
the context so requires; and “ Parties
” means the “Licensor” and
“Licensee”, collectively.
“
Personnel ” means and includes a
Party’s or an Affiliate’s directors, officers,
employees, agents, auditors, consultants and
subcontractors.
"
Software " means the computer programs made
available to Licensee and the Affiliates by Licensor under this
Master Agreement, including any customizations, enhancements,
updates, upgrades, releases, Defect corrections, and other
modifications thereto provided to Licensee by Licensor, together
with the related Documentation.
“
Source Code ” means and includes
human-readable computer programming code, associated procedural
code, listings, flow charts, logic diagrams, software tools,
executables, libraries, scripts and related and supporting
documentation corresponding to the Software and all subsequent
versions (including assembly, linkage and other utilities),
suitable and sufficient to enable a person possessing reasonable
skill and expertise in computer software and information technology
(i) to build, load, and operate a machine-executable object code
version of the Software that is equivalent to the latest version of
the Software furnished by Licensor, and (ii) to maintain, support,
modify, improve and enhance the Software.
"
Specifications " means and includes: (i) the
standard published specifications for the Software (including both
Licensor's proprietary software and all third-party software that
is embedded into, or otherwise furnished by Licensor with the
Software); and (ii) any additional written description of the
functional, technical, design and performance characteristics of
the Software attached to or referenced in a License
Schedule.
1.2
Common
Words. The
following words shall be interpreted as designated: (i)
“or” connotes any combination of all or any of the
items listed; (ii) where “including” is used to refer
to an example or begins a list of items, such example or items
shall not be exclusive; and, (iii) “specified” requires
that an express statement is contained in the relevant
document.
2.1
Term.
This Master Agreement shall commence
as of the Commencement Date designated above, and shall continue in
effect thereafter unless superceded or otherwise terminated by
agreement of the Parties. Each License Schedule shall only become
effective when duly signed on behalf of the Parties to be bound
thereby, and shall continue in effect through the earlier of: (i)
the expiration date for the Licenses granted thereunder, or (ii)
the date of termination specified by either Party in accordance
with the provisions hereof. For the avoidance of doubt, the
termination of the Master Agreement shall not result in the
termination of any License Schedule, each License Schedule being
terminable only in accordance with its own provisions.
2.2
Termination for
Cause. If either
Party breaches a material obligation under a License Schedule and
fails to cure such breach within thirty (30) days from the date it
receives from the non-breaching Party a notice of the breach and a
demand for cure, then the non-breaching Party may thereafter
terminate the applicable License Schedule immediately on notice.
Notice of termination for any License Schedule shall not be
construed to be notice of termination for any other License
Schedule.
2.3
Orderly
Transfer. Upon the
termination of a License Schedule for any reason whatsoever
(including a default by either Party), Licensor will provide such
information, cooperation and assistance to Licensee, as Licensee
may reasonably request, to assure an orderly return or transfer to
Licensee or Licensee’s designee of all proprietary data (and
related records and files) and materials of Licensee in their then
current condition. Upon termination of a License Schedule by
Licensor pursuant to Section 2.2, and except as otherwise provided
herein or in such License Schedule, Licensee will return all copies
of the Software under such License Schedule to Licensor or destroy
all copies of the Software under such License Schedule and, if
requested by Licensor, provide Licensor with a certificate signed
by a duly authorized representative of Licensee attesting to such
destruction with thirty (30) days of the effective date of
termination.
2.4
Retention of Archival
Copy. If
Licensee’s right to use any Software is terminated for any
reason whatsoever, then Licensee shall nevertheless be entitled to
retain copies of the Software and Documentation for archival
purposes and to satisfy Licensee’s obligations under all
applicable laws.
3
GRANTING OF SOFTWARE
LICENSES
3.1
Obligation to
License. This Master
Agreement does not by itself commit Licensee or any Affiliate to
license any software from Licensor. Rather, this Master Agreement
merely sets forth the terms and conditions that will govern the
licensing of Licensor’s Software (as listed in
Licensor’s then current price list) to Licensee or an
Affiliate as a result of the execution of a License Schedule by
Licensor and Licensee or an Affiliate.
3.2
License
Schedule. License
Schedules may be entered under this Master Agreement by either the
entity designated above as “Licensee” or any Affiliate.
The entity that executes a License Schedule with Licensor shall be
considered the “Licensee” for all purposes of the
License Schedule; and the License Schedule shall be considered a
two party agreement between Licensor and such entity. Each License
Schedule shall be substantially in the form of Appendix
A , shall incorporate by reference the provisions of this
Master Agreement as though such provisions were set forth therein
in their entirety, and shall set forth: (i) a description of the
Software to be licensed, (ii) the fees to be paid by Licensee for
the Software License and the related Maintenance Services, and,
(iii) such additional terms and conditions as may be mutually
agreed upon by Licensor and the respective “Licensee”.
Each License Schedule shall be deemed to incorporate the applicable
Specifications for the Software that are in effect on the date the
License Schedule is executed by the “Licensee”. In no
event shall any shrinkwrap or any clickwrap (or other electronic
agreement) constitute a License Schedule or binding agreement
hereunder, even if a user or authorized officer of Licensee or an
Affiliate purports to have affirmatively accepted such
terms.
3.3
Changes to License
Schedule. Reserved
3.4
Divested
Entities. If
control of an entity, or a division or department within an entity,
that is included within the definition of “Licensee” or
an “Affiliate” is sold or otherwise transferred to one
or more unrelated third parties, such entity, division or
department (“Divested Entity”) shall nevertheless
continue to have a right to acquire Software licenses pursuant to
this Master Agreement (exclusive of any pricing or discount terms
for the purchase of additional licenses set forth on a License
Schedule) for [*] after the effective date of such transfer at a
price no greater than the prices set forth in Licensor’s then
current published product price list or such other price as is
negotiated between Licensor and the Divested Entity.
3.5
Evaluation
License. Reserved.
4.
DELIVERY AND
INSTALLATION
4.1
Delivery and
Installation .
Licensor will Deliver the Software and Documentation to the
Delivery location, on or before the Delivery date, as specified in
the applicable License Schedule or as otherwise agreed to by the
Parties and confirmed in writing. If a Delivery date is not
specified on the License Schedule, then the scheduled Delivery date
shall be the date that is mutually agreed to by the Parties and
confirmed in writing. Licensee is responsible for the Software
installation. .
4.2
Installation by
Licensee. If
Licensee is responsible for installing the Software, then Licensor
will provide written instructions and such other assistance as
Licensee may reasonably require to complete the installation at
mutually agreed upon time and materials rates; provided that such
assistance is not already provided as part of Maintenance
Services.
6.1
Proprietary Rights to
Software . As
between Licensor and Licensee, Licensor shall be deemed to own the
Intellectual Property Rights in or to the Software; and nothing
contained in this Agreement shall be construed to convey any
Intellectual Property Rights in or to the Software to Licensee (or
to any party claiming through Licensee) other than the license
rights expressly set forth in this Master Agreement and in the
applicable License Schedule.
6.2
Type of
License. Each
License granted by Licensor pursuant to this Agreement shall be a
fully paid up, non-exclusive, irrevocable, perpetual (except as set
forth in Section 2 above) [*] license to use the Software in the
furtherance of Licensee’s or its Affiliates’ business
purposes, subject only to such use restrictions as may be
specifically set forth on the applicable License Schedule,
including without limitation geographic restrictions and
restrictions on the number or location of the computers or the
users. Unless otherwise expressly set forth on the applicable
License Schedule, each License shall also entitle authorized users
(as designated in Section 6.3 ) to access and use
the Software, or applications developed using the Software, in
connection with, through or on any associated or interconnected
networks (including internet or intranet) without payment of any
additional fees.
6.3
Authorized
Users. Unless
otherwise specifically set forth on the applicable License
Schedule, each License granted pursuant to this Master Agreement
shall include the right for Licensee to permit the Software to be
used by or on behalf of: (i) Affiliates (ii) third parties engaged
by Licensee to conduct all or any portion of Licensee's or an
Affiliate’s information processing, programming, network
services, disaster, back up, or recovery services, and (ii)
consultants and clients of Licensee or an Affiliate, provided that
such usage by consultants and clients must be considered part of
the business of Licensee or an Affiliate . Licensee will be fully
responsible for all acts and omissions of its third parties,
consultants and clients regarding the Software. If Software was
acquired, or is being used by or on behalf of a Divested Entity, so
that the Divested Entity is the “Licensee” from an
operating perspective (whether the acquisition occurred prior or
subsequent to the change in status), then the Divested Entity will
continue to enjoy its status as the Licensee for up to [*] after
its change of status, provided (i) the Divested Entity is the legal
entity that submitted the applicable License Schedule or received
an assignment thereof, or (ii) the legal entity assuming control of
the Divested Entity agrees in writing to be bound by the terms and
conditions of the License.
6.4
Installation
Transfers . If a
License is subject to restrictions on the number or locations of
the computer on which the Software may be installed, Licensee shall
nevertheless be entitled (at no additional charge) to transfer the
Software (subject to such use restrictions): (i) from one computer
to another; (ii) from one installation site to another [*].
Licensee will provide Licensor with notice following any such
transfer.
6.5
Reproductions. Licensee may reproduce the Software as Licensee
may reasonably deem necessary to satisfy the requirements of
Licensee and its Affiliates within the scope of the applicable
License (including reproducing the Software for backup and archival
purposes). All reproductions shall include any copyright or other
proprietary notices contained on the originals.
6.6
Substitute Equipment and
Parallel/Transition Processing . Each License includes (at no additional
charge) the right to install and use the Software on temporary
substitute or back-up equipment. If Licensee (i) relocates the
installation site, (ii) acquires additional equipment (including
replacement equipment), (iii) acquires an entity or business that
Licensee elects to transition to the use of the Software, or (iv)
divests an entity or business that has been using the Software,
Licensee will be entitled (at no additional charge) to use a
duplicate copy of the Software to conduct parallel and transition
processing during the time required (up to [*] months) to
accomplish and facilitate such relocation, transition, acquisition
or divestiture.
6.7
Disaster
Recovery . Each
License includes the right (at no additional charge) to have the
Software tested periodically for viability at any Licensee location
or at a location of a third-party engaged by Licensee to provide
disaster recovery, contingency or business continuity services for
Licensee. If a third party performs such tests, Licensee will
require such third party to be bound by written agreement to treat
the Software as confidential information. Licensee will also be
entitled to make and keep copies of Software and its Documentation
at a separate facility for backup (including hot back up), archival
and emergency purposes.
6.8
Replacement Version of
Software . If
Licensee changes or upgrades the operating system, or replaces or
modifies the equipment on which Licensee operates the Software,
then Licensor will (at no additional charge) provide to Licensee a
version of the Software compatible with such changed operating
system, or replaced or modified equipment provided that (i)
Licensor has developed as of the Commencement Date and is then
currently maintaining, such a version that is substantially similar
to the version originally licensed as to features, functionality
and price, (ii) Licensee is then entitled to receive Maintenance
Services, and (iii) in using such additional version of the
Software, Licensee does not exceed the scope of its license with
Licensor (i.e., the aggregate number of CPU and user licenses used
on all versions of the Software in the aggregate does not exceed
the total number of CPU and user licenses originally licensed by
Licensee.)
6.9
Restrictions. Except to the extent authorized or permitted in
this Agreement or by applicable law without the possibility of
contractual waiver, Licensee shall not: (i) copy, transfer or
distribute the Software (electronically or otherwise); (ii) reverse
assemble, reverse engineer, reverse compile, or otherwise translate
the Software; or (iii) sublicense or assign the license for the
Software.
7.1
Escrow
Arrangement . If
Source Code for the Software is not being Delivered to Licensee
directly by Licensor as part of the License, then (at
Licensee’s request) within ten (10) days of the execution of
the License Schedule for such Software, Licensor will deposit a
current copy of the Source Code with an independent and qualified
escrow agent acceptable to Licensee. Throughout the term of the
License, Licensor will keep the Source Code complete and current by
Delivering to the escrow agent any and all changes to the Source
Code for all related modifications, within thirty (30) days after
the modifications are made available to Licensee. The escrow agent
will maintain the Source Code pursuant to an escrow agreement in a
form and with terms acceptable to Licensee. Licensor shall ensure
that the Escrow Agent is obligated to notify Licensee in writing
promptly upon receipt of the deposit of such Source Code, or, where
such Source Code has already been deposited pursuant to a
pre-existing source code escrow arrangement, upon receipt of notice
from the Licensor that Licensee is now a beneficiary of such escrow
arrangement, in each case indicating in such notice to Licensee
that such Source Code has been deposited as required. The escrow
agreement shall designate Licensee as a third party beneficiary,
and entitle Licensee to inspect, test and review the Source Code
promptly upon request. The escrow agreement shall also require the
escrow agent to release and Deliver the Source Code to Licensee
upon certification from Licensee that any one of the following
circumstances has occurred.
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7.1.1
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Licensor (i)
files a voluntary petition in bankruptcy, (ii) makes a general
assignment for the benefit of its creditors, (iii) suffers or
permits the appointment of a trustee or receiver for its business
assets, (iv) becomes subject to any proceeding under any bankruptcy
or insolvency law which is either consented to by Licensor or is
not dismissed within sixty (60) days, (v) initiates actions to wind
up or liquidate its business voluntarily or otherwise, (vi) ceases
doing business in the ordinary course, or (vii) suffers, permits or
initiates the occurrence of anything analogous to any of the events
described in this Subsection under the laws of any applicable
jurisdiction.
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Licensor
refuses or becomes unable to provide maintenance and support
services to Licensee at any time while Licensee is continuing to
use the Software in accordance with the provisions of the License
granted pursuant to this Agreement, provided that Licensee is not
in default of any material obligation assumed under this
Agreement.
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A copy of the
fully executed escrow agreement shall be attached to this Agreement
or the applicable License Schedule as Exhibit 1
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7.2
License.
If Source Code for Software is
Delivered to Licensee (either directly by Licensor or by an escrow
agent in fulfillment of its obligations under an applicable escrow
agreement), then the Source Code will be subject to the License for
the applicable Software. Each such License shall entitle Licensee
to use and modify the Source Code and the Software, as reasonably
necessary, in order to: (i) integrate the Software with
Licensee’s other systems and programs; (ii) cause the
Software to comply with changes in applicable laws, regulations,
industry standards or market practice; (iii) enable the Software to
remain current with technological innovations; and (iv) enable the
Software to fulfill Licensee’s business purposes within the
scope of the License granted pursuant to the terms and condition of
this Agreement. Any modified versions of the Software resulting
from Licensee’s use of the Source Code shall be subject to
all the terms and conditions of this Agreement; provided, however,
that if Licensee obtains the right to use the Source Code pursuant
to Section 7.1 , then Licensor shall have no
rights, title or interest in or to any modifications made to the
Software or the Source Code by or on behalf of Licensee, and all
Intellectual Property Rights in and to any such modifications shall
vest exclusively in Licensee.
8.
DOCUMENTATION AND
TRAINING
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8.1
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Documentation. On or before the date the Software is Delivered,
Licensor will (at no additional charge) Deliver to Licensee at
least one (1) electronic and one (1) printed form copy of all
generally available Documentation for the Software. The
Documentation shall be sufficient to enable Licensee’s
Personnel to use and to understand the use and operation of the
Software, and shall conform to generally accepted industry
standards for the use, operation and internal operating logic of
software. Throughout the warranty period or the term of any
maintenance service agreement, Licensor will provide copies of any
revisions, improvements, enhancements, modifications and updates to
the Documentation, at no additional cost. Licensee may make a
reasonable number of copies of the Documentation for
Licensee’s use, provided Licensee reproduces copyright
notices and any other legends of ownership on each copy.
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9.
FEES AND PAYMENT
TERMS
9.1
Fees and
Discounts. The
License fees and all other charges to be paid by Licensee for the
Software or services provided by Licensor pursuant to this
Agreement shall be set forth on the applicable License
Schedule.
9.2
Pricing
Adjustments. During
the term of this Master Agreement, Licensor will not increase its
list prices for Maintenance Services provided to Licensee or an
Affiliate by more than the lesser of: (i) the amount by which
Licensor increased the comparable fees or charges for its other
commercial customers; (ii) five percent (5%) for each twelve (12)
month period; and (iii) the percentage rate of increase in the CPI
(all items) for Urban Wage Earners and Clerical Workers from the
preceding calendar year as determined by the United States Bureau
of Labor Statistics.
9.3
Taxes.
Licensor may invoice Licensee for
sales and use taxes properly levied against or upon (i) the
furnishing of the Software and any related services to Licensee by
Licensor pursuant to this Agreement, or (ii) the use thereof by
Licensee. However, Licensee shall not be obligated to pay any
penalties, interest, or late charges imposed as a result of
Licensor's failure to remit such taxes to the taxing authority on a
timely basis. In addition, if Licensor fails to provide Licensee
with timely notice of any tax audit that could result in an
increase in the amount of sales or use taxes assessed hereunder,
then Licensee shall not be required to pay any additional taxes
assessed as a result of such audit. Licensor shall be solely
responsible for the payment of all other taxes, including personal
property taxes, franchise taxes, corporate excise or corporate
privilege, property or license taxes, all taxes relating to
Licensor’s Personnel, and all taxes based on the net income
or gross revenues of Licensor.
9.4
Reimbursable
Expenses. To the
extent applicable, Licensor will only be reimbursed for expenses
that are reasonable, warranted and cost effective, and that have
been approved in advance by Licensee. For each item of expense for
which reimbursement is requested, Licensor will submit
substantiating documentation in accordance with Licensee’s
policies. All approved business expenses and pass-through charges
will be reimbursed at cost (as actually incurred), without
mark-up.
9.5
Terms of
Payment . No amount
arising under this Agreement shall be due from Licensee prior to
Licensee’s receipt of a fully executed copy of this Agreement
and the applicable License Schedule, and Licensee’s receipt
of an invoice: (i) referencing this Agreement and the applicable
License Schedule; (ii) separately itemizing the charges for the
Software, services or other items covered therein, and setting
forth, in reasonable detail, the basis for the charges; and (iii)
including, in the case of any reimbursable expenses or other
charges (including taxes), receipts or other documentation
acceptable to Licensee. Unless otherwise specified on a License
Schedule, Licensor may invoice Licensee for the License fee on the
date the Software has been Delivered by Licensor. Licensor may
invoice Licensee for the Maintenance Service fees for the initial
Maintenance Service term on the date the Software has been
Delivered by Licensor. Maintenance Service fees for renewal terms
may be invoiced not more than sixty (60) days prior to the
effective date of renewal. Such Maintenance Service fees shall be
set forth on a License Schedule as a percentage of the net License
fees paid by Licensee thereunder. Licensor may invoice Licensee for
any other charges payable under this Agreement after the occurrence
of the event giving rise to the payment obligation underlying the
invoice. All invoices shall be submitted to Licensee at the billing
address designated on the applicable License Schedule. Each
properly and accurately prepared invoice shall be payable within
[*] days after its receipt by Licensee. Licensee will not be liable
for interest or other late fees on past due invoices. Licensor
specifically covenants that it will not use any methods of
electronic repossession for any reason. All payments made by
Customer shall be in U.S. Dollars and directed to:
9.6
D
isputed
Invoices . Licensee
may withhold payments for any item(s) on Licensor's invoice that
Licensee reasonably disputes in good faith. Licensee shall
provide to Licensor written notice of its intention to withhold
payment, including the reason(s) for Licensee's reasonable dispute
of the invoice (the “Dispute Notice”). Following
receipt of the Dispute Notice, Licensor shall review the invoice in
question and, if appropriate, send Licensee a corrected
invoice. If Licensor does not agree with Licensee's reasons
for withholding payment or, if sent, the corrected invoice does not
resolve the dispute to Licensee's satisfaction, then either party
shall notify in writing the other party of the fact that the
dispute continues (the “Response Notice”).
The parties
shall use commercially reasonably efforts to resolve or settle the
dispute within ninety (90) days from the date of the Response
Notice. Within thirty (30) days from the date of receipt of the
Response Notice, executives of both companies shall first meet in
person to negotiate in good faith a resolution or settlement of the
dispute. Licensor’s executive(s) shall be at the President or
CEO level, and Licensee’s executive(s) shall be either the
CIO of Citigroup N.A. Consumer Group or senior executive(s)
designated by such person.
Pending
settlement or resolution of the issue(s), Licensee's non-payment of
these items shall not constitute default by Licensee, and shall not
entitle Licensor to suspend or delay its furnishing of the Software
or performance of services for a period of [*] from the end of the
ninety (90) day period of executive conferences; provided that
Licensee continues to pay all undisputed invoices in accordance
with the provisions of Section 9.5. After expiration of
such [*] period, Licensor may suspend its furnishing of Software or
performance of services covered by the disputed item(s).
9.7
Transaction
Information. For three years after an invoice has
been paid, Licensor will maintain and (upon Licensee's reasonable
request) will make available the records necessary to substantiate
the correctness of such invoice. In addition, if requested by
Licensee, Licensor shall make available to Licensee detailed
transactional information related to products and services that
have been acquired by Licensee and the Affiliates under this
Agreement. The transactional information will be provided by
Licensor in an electronic data format specified by Licensee
provided such format is supported by Licensor and will include: (i)
standard invoice and product attributes contained in
Licensor’s systems, and (ii) sufficient details to allow
Licensee and its Affiliates to link the invoice and product
attributes to invoice payment.
10.
REPRESENTATIONS AND
WARRANTIES
10.1
Authority and
Non-Infringement. Licensor represents and warrants that Licensor
has all rights and authority required to enter into this Agreement
and each License Schedule, and to provide the Software and perform
the services contemplated by this Agreement, free from all liens,
claims, encumbrances, security interests and other restrictions.
Subject to the applicable terms and conditions of this Agreement
and the applicable License Schedule, Licensee and Affiliates will
be entitled to use and enjoy the benefit of all Software and
services without adverse interruption or disturbance by Licensor or
any entity asserting a claim under or through Licensor. Licensor
further represents and warrants that the services, Software and all
other materials of whatsoever nature furnished under this
Agreement, and the use thereof by Licensee or the Affiliates in
accordance with the terms and conditions of this Agreement, will
not infringe (whether directly, contributorily, by inducement or
otherwise), misappropriate or violate the Intellectual Property
Rights of any third party, or violate the laws, regulations or
orders of any governmental or judicial authority. The sole and
exclusive remedy for a breach of the warranty against infringement
contained in this Section 10.1 is infringement indemnity set forth
in Section 14.
10.2
Personal Dealing and
Non-Subornation. Licensor warrants that no officer, director,
employee of Licensee, or any of their immediate family members, (i)
has received or will receive anything of value of any kind from
Licensor or its Personnel in connection with this Agreement, or
(ii) has a business relationship of any kind with Licensor or its
Personnel. Licensor further warrants that Licensor has not and will
not make (or offer to make) any payments to, or confer (or offer to
confer) any benefit upon, any employee, agent or fiduciary of any
third party, with the intent to influence the conduct of such
employee, agent or fiduciary in any manner relating to the subject
of this Agreement.
10.3
Conformity to
Specifications. Licensor warrants that at the time of Delivery,
and thereafter throughout the applicable warranty period, the
Software will conform to [*]. If not specified by the Parties on
the License Schedule, the warranty period for purposes of Software
performance shall be the ninety (90) days period commencing from
the date that the Software is Delivered In addition, the warranty
period for the Software will be extended by the aggregate time
Licensee is unable to effectively use the Software during the
specified warranty period as a result of a Defect. If Licensor
receives notice of a Software Defect during the warranty period,
then Licensor will (at no additional charge) correct the Defect. If
(through no fault of Licensee) Licensor is unable or unwilling to
correct a Defect that has been identified by Licensee during the
warranty period, then Licensee may terminate the applicable License
Schedule (in whole or in part) upon notice to Licensor, without
financial liability or obligation (for the portion
terminated).
10.4
Documentation. Licensor represents and warrants that the
Documentation provided by Licensor will fully and accurately
reflect the functionality of the applicable Software.
10.5
Standard of
Service. Licensor
warrants that all services provided by Licensor pursuant to this
Agreement will be performed in a timely and professional manner, in
conformity with standards generally accepted in the Software
industry, by qualified and skilled individuals. If Licensor fails
to provide the services as warranted and Licensee so notifies
Licensor within thirty (30) days after the date Licensor declares
the services to have been completed, then Licensor will re-perform
the services at no additional charge. Licensor further warrants
that its Personnel will provide services with a minimal amount of
interference to Licensee’s normal business operations and
subject to Licensee’s security and work place policies and
procedures.
10.6
Disabling
Devices. Licensor
represents and warrants that prior to Delivering the Software to
Licensee, Licensor will test the Software and the media on which it
is to be Delivered with a current version of a leading anti-virus
application in efforts to detect, and if so detected, to eliminate,
any computer code (sometimes referred to as “viruses”
or “worms”) designed to damage, disrupt, disable, harm,
or otherwise impede in any manner, the orderly operation of the
Software or any other software, data files, firmware, hardware,
computer system or network. Licensor further represents and
warrants that the Software (and all other software Delivered or
installed by Licensor) shall not contain any computer code or any
other procedures, routines or mechanisms designed by Licensor (or
its Personnel or licensors) to: (i) disrupt, disable, harm or
impair in any way the Software’s (or any other
software’s) orderly operation based on the elapsing of a
period of time, exceeding an authorized number of copies,
advancement to a particular date or other numeral (sometimes
referred to as “time bombs”, “time locks”,
or “drop dead” devices); (ii) cause the Software to
damage or corrupt any of Licensee’s, its Affiliates’,
or their respective customers’ data, storage media, programs,
equipment or communications, or otherwise interfere with
Licensee’s or its Affiliates’ operations, or (iii)
permit Licensor, its Personnel, its licensors or any other third
party, to access the Software (or any other software or
Licensee’s or its Affiliates’ computer systems) for any
reason (sometimes referred to as “traps”, “access
codes” or “trap door” devices). Licensor will not
unilaterally ( i.e. , without appropriate judicial order)
remove, deinstall, repossess, modify, delete, damage, deactivate,
disable, or interfere with the Software for any reason (including a
dispute relating to this Agreement).
10.7
Availability of
Maintenance .
Reserved.
10.8
Favorable Provisions. Reserved
.
10.9
Disclaimer.
EXCEPT FOR THE REPRESENTATIONS AND
WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT OR ESTABLISHED BY
APPLICABLE LAW AS RIGHTS THAT CAN NOT BE WAIVED OR LIMITED BY
CONTRACT, LICENSOR DISCLAIMS ALL REPRESENTATIONS AND
WARRA
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