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South Carolina Contracts Agreements
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SOURCE CODE ESCROW AGREEMENT

South Carolina Jurisdiction

TABLE OF CONTENTS

  1. Parties and Purpose
  2. Deposit Materials
  3. Deposits and Updates
  4. Verification and Testing
  5. Release Conditions
  6. Release Procedures
  7. Post-Release License Rights
  8. Fees and Payment
  9. Confidentiality and Security
  10. Trade Secret Protections
  11. Warranties and Disclaimers
  12. Indemnities
  13. Limitation of Liability
  14. Term and Termination
  15. Governing Law and Dispute Resolution
  16. South Carolina-Specific Provisions
  17. Miscellaneous
  18. Schedules

1. PARTIES AND PURPOSE

  • Licensor deposits source code and related materials for [PRODUCT] with Escrow Agent for the benefit of [BENEFICIARY].

2. DEPOSIT MATERIALS

  • Source code, build scripts, configuration files, third-party dependencies, documentation, and installation instructions.

3. DEPOSITS AND UPDATES

  • Initial deposit within [X] days; updates aligned to major/minor releases or at least [quarterly/biannually].

4. VERIFICATION AND TESTING

  • Optional verification levels at Beneficiary's cost; Escrow Agent provides reports.

5. RELEASE CONDITIONS

  • Narrow triggers: (a) insolvency/bankruptcy; (b) cessation of business; (c) material breach with failure to cure [X] days; (d) SaaS unavailability for [Y] consecutive days.

6. RELEASE PROCEDURES

  • Beneficiary submits sworn statement; Licensor may object within [X] days.

7. POST-RELEASE LICENSE RIGHTS

  • Non-exclusive, non-transferable license to use, maintain, and modify Deposit Materials.

8. FEES AND PAYMENT

  • Per Schedule 1; paid by [Licensor/Beneficiary/split].

9. CONFIDENTIALITY AND SECURITY

  • Escrow Agent confidentiality; secure storage; breach notification obligations.

10. TRADE SECRET PROTECTIONS

  • South Carolina Trade Secrets Act (S.C. Code Ann. sections 39-8-10 to 39-8-130). Injunctive relief available per section 39-8-50.

11. WARRANTIES AND DISCLAIMERS

  • Licensor warrants rights to deposit; materials "as is" upon release.

12. INDEMNITIES

  • Licensor indemnifies for third-party IP claims.

13. LIMITATION OF LIABILITY

  • Caps consistent with master agreement; enforceable under South Carolina law.

14. TERM AND TERMINATION

  • Coterminous with maintenance/support term.

15. GOVERNING LAW AND DISPUTE RESOLUTION

  • Governing Law: South Carolina law.
  • Venue: State/federal courts in [Richland County (Columbia) / Charleston County], South Carolina.
  • Jury Waiver: TO THE FULLEST EXTENT PERMITTED BY SOUTH CAROLINA LAW, EACH PARTY WAIVES JURY TRIAL RIGHTS.

16. SOUTH CAROLINA-SPECIFIC PROVISIONS

  • E-Signatures: Valid per South Carolina UETA (S.C. Code Ann. sections 26-6-10 to 26-6-210).
  • Consumer Protection: South Carolina Unfair Trade Practices Act (S.C. Code Ann. sections 39-5-10 et seq.) applies as applicable.

17. MISCELLANEOUS

  • Notices, assignment, force majeure, amendments, counterparts.

18. SCHEDULES

  • Schedule 1: Fee Schedule; Schedule 2: Deposit Inventory; Schedule 3: Verification; Schedule 4: Release Forms.
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