Common use of Notification and Correction of Defects Clause in Contracts

Notification and Correction of Defects. Licensor agrees that it shall promptly notify Licensee of any defect, including any security vulnerability or potential exploit, it knows affects any Licensed Software, and shall (a) promptly notify the Licensee of (i) any actual exploits as they become known, and (ii) the best methods for eliminating or managing the risk posed by any vulnerability or to wxxx off any exploit, as such methods become known, and (b) use its commercially reasonable efforts expeditiously to distribute a patch, at no cost to Licensee, to correct any such material defect.

Appears in 3 contracts

Samples: Management Services Agreement (LunaDNA, LLC), Management Services Agreement (LunaTrust LLC), Management Services Agreement (LunaTrust LLC)

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Notification and Correction of Defects. Licensor agrees that it shall promptly notify Licensee of any defect, including any security vulnerability or potential exploit, it knows affects any Licensed Software, and shall (a) promptly notify the Licensee of (i) any actual exploits as they become known, and (ii) the best methods for eliminating or managing the risk posed by any vulnerability or to wxxx xxxx off any exploit, as such methods become known, and (b) use its commercially reasonable efforts expeditiously to distribute a patch, at no cost to Licensee, to correct any such material defect.

Appears in 3 contracts

Samples: Management Services Agreement (SavvyShares LLC), Ip License Agreement (SavvyShares LLC), Management Services Agreement (LunaDNA, LLC)

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