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Please Sign Your LIXI Forms

You would not buy a house from me if you did not know that I owned it. And I would not sell it to you unless we had both signed a contract of sale, and exchanged signed transfers and mortgages. The same can be said of the transactions between LIXI and its Members and Licensees.

When you become a Member of LIXI you are asked to sign the LIXI Membership Application, acknowledging the LIXI Membership Terms and Conditions. These enshrine the benefits and obligations of Membership, including your right to vote at the LIXI AGM for the Board of Directors.

When you take out a LIXI Licence, you are asked to sign the LIXI End User Licence Agreement (EULA). The EULA sets out the terms and conditions on which you are entitled to use the LIXI Standards.

In both cases, you are also asked to initial the LIXI IP Policy to acknowledge that you have read and agree to its terms. The IP Policy is particularly important, because it ensures that your contributions to the development of the LIXI Standards are used only for that purpose; and conversely that the LIXI Standards are the property of LIXI.

Probably due to an administrative oversight, many Members and Licensees have not been signing and returning their forms, even though in most cases they have paid their fees.

This creates a problem for LIXI, in that without holding the necessary executed documents, LIXI is less able to protect its intellectual property in the LIXI Standards and may find it more difficult to ensure that Members and Licensees play by the rules. These are the rules that we, as an industry, have determined should apply to the development and use of the LIXI Standards.

The LIXI Standards belong to the whole industry. Ensuring that ownership is protected is in the interests of the whole industry. Please do the right thing, and ensure that you have completed and signed all of the relevant documentation when you submit your payment for 2008.

Mike Thanos
Lending Technology Services