AG 1999 06 21 - Laserfiche WebLink

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shall have the authority to enter into agreements of any kind on behalf of the other party in any manner. SECTION 16 CONTINUED ABILITY TO PERFORM OBLIGATIONS 16.1. Continuin,q Obli.qations. The parties hereto represent and warrant that they have full power and authority to undertake the obligations set forth in this Agreement and that they have not entered into any other agreements nor will they enter into any other agreements that would render them incapable of satisfactorily performing their respective obligations hereunder or that would place them in position of conflict of interest or be inconsistent or in conflict with their respective obligations hereunder. SECTION 17 TERM OF AGREEMENT 17.1. Term. The term of this Agreement shall commence on the effective date hereof and shall continue until the Source Code shall be transferred to Licensee pursuant to the terms hereof, or, if such transfer shall not have so occurred, the Agreement shall terminate and the Source Code shall be returned to Licensor upon the termination of the software license contained in the License Agreement. In the event this Escrow Agreement should terminate for any reason prior to the termination of the License Agreement, Escrow Agent shall immediately notify both Licensee and Licensor in writing. Further, in the event of such termination, for so long as the Licensed Programs are in use by Licensee, Licensee and Licensor shall within ten (10) business days of such termination, enter into a new source code escrow agreement on similar terms with a new escrow agent acceptable to both Licensee and Licensor. The requirements of this paragraph shall survive termination of this Agreement. SECTION 18 MISCELLANEOUS 18.1. Compliance with Laws. The parties hereto agree that they shall comply with all applicable laws and regulations of governmental bodies or agencies in their respective performance of obligations under this Agreement.