License Agreement Data With Right To Sublicense

State:
Multi-State
Control #:
US-0074BG
Format:
Word; 
Rich Text
Instant download

Description

The document is a Computer Software License Agreement and Data Base Update Agreement that outlines the terms under which one party (Licensor) grants the other party (Licensee) the right to use its software and database, with specific provisions for sublicensing rights. Key features include a detailed setup fee structure based on Gross Margin, ongoing service fees calculated on Net Billings, and stipulations for the duration of the agreement which lasts for five years but can auto-renew for subsequent terms. Licensee retains the right to assign the agreement to a controlling partner or majority shareholder but must continue to fulfill payment obligations. The form highlights the importance of confidentiality regarding financial records and the exclusivity of the software usage within a defined Licensing Territory, alongside provisions for maintenance, compliance with laws, and obligations regarding taxes. This agreement is particularly useful for attorneys, partners, and corporate owners as it defines clear legal frameworks surrounding software usage and financial responsibilities. Paralegals and legal assistants may benefit from the detailed filling and editing instructions, ensuring accuracy in drafting similar agreements for technology-related businesses.
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  • Preview Computer Software License Agreement and Data Base Update Agreement
  • Preview Computer Software License Agreement and Data Base Update Agreement
  • Preview Computer Software License Agreement and Data Base Update Agreement
  • Preview Computer Software License Agreement and Data Base Update Agreement
  • Preview Computer Software License Agreement and Data Base Update Agreement
  • Preview Computer Software License Agreement and Data Base Update Agreement

How to fill out Computer Software License Agreement And Data Base Update Agreement?

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FAQ

The steps for making a license agreement are as follows:Download a template for a licensing agreement.Choose your role as the licensor or licensee.Define the license(s) in the agreement.Decide whether the license is exclusive or not.Settle the matter of fees and payment schedule.Add a renewal date and rules.More items...?

A sublicense agreement is a legal document that outlines the terms and conditions where one business owner allows another party to use their intellectual property. The original business owner, or licensor, often has the exclusive right to license specific intellectual property for a certain period of time.

Approaches to data licensingMaintain the confidentiality of its data.Prohibit use of the data other than for its benefit.Obtain access to, and if possible, ownership of, any new data sets resulting from the vendor's processing of the customer's data.

Precisely identifying which intellectual property will be the subject of the license is necessary to ensure both parties are on the same page and not exceeding their rights.Scope of the Grant.Exclusivity.Territory.Term.Compensation.Termination.Conclusion.

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License Agreement Data With Right To Sublicense