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- 1. Definitions
-
- a. "SOFTWARE" shall mean all computer programs and related documentation
- relating to FASTMAN'S <TM>RAPIDTRANSIT Audio compression software and
- includes the PLAYER software.
-
- 2. Acknowledgment of Beta Testing
-
- Licensee and FASTMAN acknowledge and agree that the SOFTWARE is a beta
- test version that may contain bugs, defects and errors and that the SOFTWARE
- is not expected to function fully upon installation. Licensee and FASTMAN
- further acknowledge and agree that the SOFTWARE is being supplied to Licensee without
- charge in exchange for Licensee's evaluation of the SOFTWARE.
-
- 3. Grant of License
-
- FASTMAN grants Licensee a royalty free, nonexclusive,
- transferable license to use the PLAYER software subject to all
- terms and conditions of this Agreement. Licensee agrees that Licensee and
- its employees shall not, directly or indirectly, (i) use except as
- authorized by this Agreement, or (ii) decompile, disassemble or otherwise
- analyze for reverse engineering purposes the PLAYER software, including
- all trade secrets and confidential information therein.
-
- 4. Right of FASTMAN to Use Licensee's Evaluation
-
- Licensee agrees that FASTMAN shall have the right to use, in any manner and for
- any purpose, any information gained as a result of Licensee's use and evaluation of
- the SOFTWARE. Such information shall include but not be limited to changes,
- modifications and corrections to the SOFTWARE. FASTMAN shall have the right
- to use, at its sole discretion, all such information, including but not limited to use by
- incorporation of such information into computer programs and documentation for
- assignment, license, or other transfer to third parties.
-
- 5. No Obligation to Support SOFTWARE
-
- FASTMAN shall have no obligation under this Agreement to correct any bugs,
- defects or errors in the SOFTWARE or to otherwise support or maintain the SOFTWARE.
- Further FASTMAN shall have no obligation under this Agreement to maintain
- compatibility and interoperability between this version of the SOFTWARE and future
- versions of the SOFTWARE.
-
- 6. Ownership of SOFTWARE
-
- Licensee agrees that FASTMAN owns all rights, title and interest, including
- but not limited to copyright, patent, trademarks, trade secret, and all other
- intellectual property rights, in the SOFTWARE and any changes, modifications or corrections to
- the SOFTWARE.
-
- 7. Confidentiality
-
- Licensee acknowledges that the SOFTWARE contains valuable trade secrets and
- confidential information owned by FASTMAN, including but not limited to the development
- status of the SOFTWARE, the functionality of the SOFTWARE, the appearance, content and
- flow of the SOFTWARE's screens, the method and pattern of user interaction with the
- SOFTWARE, and the content of the SOFTWARE's documentation.
-
- 8. No Warranty
-
- Licensee and FASTMAN agree that the SOFTWARE is provided "AS IS" and that
- FASTMAN makes no warranty as to the SOFTWARE. FASTMAN DISCLAIMS ALL WARRANTIES,
- EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED
- WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE,
- RELATED TO THE SOFTWARE, ITS USE OR ANY INABILITY TO USE IT, THE RESULTS
- OF ITS USE AND THIS AGREEMENT.
-
- 9. Limitation of Liability
-
- a. Damages Limitation. IN NO EVENT SHALL FASTMAN BE LIABLE FOR ANY DAMAGES,
- WHETHER IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), INCLUDING BUT NOT
- LIMITED TO DIRECT, CONSEQUENTIAL, SPECIAL, EXEMPLARY, INCIDENTAL AND
- INDIRECT DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
- OR THE USE, THE RESULTS OF USE, OR THE INABILITY TO USE THE SOFTWARE.
-
- b. Data Protection. Licensee agrees that it shall have the sole
- responsibility for protecting its data used in connection with the SOFTWARE.
-
-
- 10. Force Majeure
-
- Neither party shall be responsible for any delay or failure to perform
- obligations specified in this Agreement due to causes beyond the party's reasonable control.
-
- 11. Other Provisions
-
- a. Independent Parties. Nothing contained in this Agreement shall be
- construed as creating a joint venture, partnership, agent or employment relationship between
- FASTMAN and Licensee.
-
- b. Waiver. The waiver or failure of either party to exercise in any
- respect any rights provided for in this Agreement shall not be deemed
- a waiver of any further right under this Agreement.
-
- c. Severability. If any term or provision of this Agreement should be
- declared invalid by a court of competent jurisdiction or by operation of law, the
- remaining terms and provisions of this Agreement shall be unimpaired, and the
- invalid term or provision shall be replaced by such valid term or provision as
- comes closest to the intention underlying the invalid term or provision.
-
- d. Notices. Any notice or other communication required or permitted in
- this Agreement shall be in writing and shall be deemed to have been duly given
- three (3) days after mailing by first class certified mail, postage prepaid, to the
- following address:
-
- FASTMAN
- President
- 1613 Capitol of TX Highway South, Suite 222
- Austin, TX 78746
-
- e. Integration. This Agreement constitutes the entire agreement between the
- parties with respect to the subject matter hereof and supersedes all prior
- proposals, negotiations, conversations, discussions and agreements between the parties
- concerning the subject matter hereof.
-
- f. Amendments. No amendment or modification of any provision of this
- Agreement shall be effective unless the same shall be in writing and signed by both parties.
-
- g. Applicable Law. This Agreement shall be governed by the laws of the
- State of Texas. Venue for any controversy or claim arising out of or relating to this
- Agreement will be in Austin, Travis County, Texas.
-
- h. Arbitration. Any controversy or claim arising out of or relating to
- this Agreement, with the exception of injunctive relief sought by either party, shall be submitted
- to arbitration before an arbitrator agreed upon by the parties, or if the parties cannot agree
- upon an arbitrator within thirty (30) days, to an arbitrator selected by the American Arbitration
- Association. The arbitration shall be conducted under the rules then prevailing of the
- American Arbitration Association. The arbitrators may award attorneys'
- fees and costs as part of the award. The award of the arbitrators shall be binding and
- may be entered as a judgment in any court of competent jurisdiction.
-