Software Technology Transfer Clause Samples
The Software Technology Transfer clause governs the process by which one party provides another with access to software technology, including related documentation, know-how, or intellectual property rights. Typically, this clause outlines the scope of technology being transferred, the permitted uses by the receiving party, and any restrictions or obligations such as confidentiality or non-disclosure. Its core practical function is to ensure that the transfer of software technology is conducted in a controlled and legally compliant manner, protecting the interests of both the provider and the recipient while facilitating the sharing of valuable technological assets.
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Software Technology Transfer. Upon the exercise by Apple of the Software and Patent Acquisition Right, AuthenTec will use its best efforts to immediately transfer and deliver to Apple all Software Technology (in a format mutually agreed upon by Apple and AuthenTec) existing as of the Effective Date in the manner and in accordance with the process, timelines and other requirements set forth in the Technology Transfer Statement of Work. Apple will promptly acknowledge receipt of any Software Technology transferred to and received by Apple or notify AuthenTec of any deficiencies with respect to any Software Technology transferred to and received by Apple. Until such transfer and delivery is complete in accordance with the Technology Transfer Statement of Work, AuthenTec will provide a written update to Apple each day indicating (a) the Software Technology transferred and delivered by AuthenTec to Apple on such day and (b) the Software Technology that will be transferred and delivered by AuthenTec to Apple on the next day. During the period of AuthenTec’s transfer and delivery of the Software Technology as set forth in the Technology Transfer Statement of Work, AuthenTec will make available to Apple, at no additional cost to Apple, all assistance, existing engineering resources (which engineering resources have supported or are supporting any research, development, manufacturing, analysis or testing of any Project IP (as defined in each of the Prior Interim Agreement and the Interim Agreement) or any Project Work Product (as defined in the Development Agreement)), training and technical support to enable Apple to make productive use of the Software Technology in connection with the design, development and/or Commercialization of any Apple Sensors for incorporation into or use with any Apple Products. AuthenTec will ensure that all engineering resources provided under this Section 4.8 have appropriate technical competency