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LICENSING EXECUTIVES SOCIETY

(U.S.A. and Canada), Inc.

Central Texas Chapter

When:           Thursday, June 1, 2006 (11:45 a.m. to 1:30 p.m.)

Program:        Secure Your Software Investment through Source Code Escrow
 

Corporations and government agencies spend more than $140 billion on software projects each year.  Buggy software costs the U.S. economy nearly $60 billion a year.   Morgan Stanley recently estimated that as much as 53% of capital spending of US corporations was on technology.   As software is represents a major investment for nearly all businesses, what risk does a company run by not having access to the source code of the software it has licensed?  

In this presentation, Bea Wray will review the legal ins and outs of software escrow, including critical clauses, applications, pitfalls, and processes of software escrow in the United States and abroad.  Software escrow is an agreement whereby a trusted third party holds source code in escrow on behalf of the licensee.  In the event the developer defaults on support or goes out of business, the licensee could access the source code for maintenance and or debugging, which in turn minimizes both down time and the resulting costs associated with large scale business interruptions. 

From this presentation, attendees will learn:

• When is a source code escrow agreement useful?
• Who drafts, signs, and administers the agreements? 
• How is technical verification used? 
• Who pays for the agreement? \
• What happens in a source code release? 
• How have the relevant laws changed?
• How does the software developer enhance its intellectual property protection through the use of the escrow audit trail
• About online deposits
• About the ongoing update process 

TARGET AUDIENCE:
General Management, business development, legal counsel, contract administrators, programmers, sales executives 

Presenter:     
Bea Strickland Wray - CEO, SourceHarbor, Inc.

Bea Strickland Wray is the CEO of SourceHarbor, Inc. which specializes in software escrow.  SourceHarbor is the trusted party that maintains access to the source code as intellectual property protection for software developers and insurance for software licensees. Bea has been a leader in this industry since 1990 working with thousands of escrow transactions.  SourceHarbor currently serves clients nationwide from offices in Hilton Head, SC, Washington, DC, and San Francisco, CA.

Prior to SourceHarbor, Bea worked for Siemens Business Services in Munich where she was instrumental in establishing their venture capital group.

Bea graduated Summa Cum Laude with a Bachelor of Arts in Political Science and Psychology from Emory University and holds a Masters of Business Administration with Distinction from the Harvard Business School.

Bea is a frequent speaker and contributor to leading trade journals on the subjects of software licensing, source code escrow, technology assessment and intellectual property protection.  Her audiences include the Business Journal of Savannah, Contracts Management Magazine, and Dr. Dobb’s Journal.

Location:      
Fulbright & Jaworski L.L.P.
600 Congress Avenue, 23rd Floor
Austin

Directions to Fulbright & Jaworski L.L.P., see http://www.fulbright.com/index.cfm?fuseaction=local.detail&site_id=338&link_name=Map%20and%20Directions

Cost:  
$20.00 for members
$25.00 for nonmembers. 

Please pay at the door with cash or check. Checks should be made payable to the Licensing Executives Society. 

Please RSVP online at www.fulbright.com under Events. Registration Code is 100.  RSVP by Monday, May 30, 2006. 

Parking charge is not covered.  CLE credit has been applied for.

Jeffrey Mills, Senior Counsel with Fulbright & Jaworski L.L.P. will be co-hosting this event.  If you have any questions regarding LES please contact the Chair, Charlene Brownlee at cbrownlee@fulbright.com (512) 536-5233 or Joanna Jones at jjones@fulbright.com (512) 536-3012.

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