Agreement Level Sample With Vendor

• Category: Technology - Licenses
• State: Multi-State
• Control #: US-KWP-0071
• Format: Word; Rich Text

Description

The License Subscription Agreement is a formal contract between a vendor and a licensee detailing the terms under which software will be licensed for use. Key features include various service level options such as ISP service, application hosting, and support levels, which can be selected by the licensee. The agreement also outlines specific fee structures, including monthly user fees and setup fees, along with payment terms that require timely payments to avoid penalties. The minimum term of the license is three months, ensuring a commitment from the licensee. It establishes the scope of the license, specifying how the software can be used, modified, and the restrictions against deriving source code. The agreement includes significant clauses on termination, indicating the process for both voluntary and breach-induced termination, and the obligations post-termination. Each section is designed to protect the vendor's intellectual property rights while facilitating a clear understanding of the relationship and expectations. This form is particularly useful for attorneys, business partners, owners, associates, paralegals, and legal assistants involved in drafting, reviewing, or negotiating software licenses, enabling them to ensure compliance and clarity in software usage and associated fees.