Alabama Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement

State:
Multi-State
Control #:
US-CP0715-AM
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Vendor Oriented Software License Agreement document, is for use in the computer, internet and/or software industries. Adapt to fit your circumstances. Available in Word format.
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  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement
  • Preview Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement

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FAQ

Non-exclusive: A status in which the rights the agreement grants to the Licensee are available to others, reserving to the Licensor the right to give the same or similar rights to use the licensed materials to other parties. Non-transferable: See ?Non-assignable,? above.

A perpetual software license is a type of software license that authorizes an individual to use a program indefinitely. Generally, outside of termination, a perpetual software license lets the holder use a specific version of a software program continually with the payment of a single fee.

With a perpetual license, you pay for the software license up-front and then have the right to use it indefinitely at no further cost. This is sometimes referred to as a "lifetime license". Typically, no future software updates are included as standard under a perpetual license.

Perpetual License means a type of license for a Software Product which allows the User to use the Software Product in perpetuity so long as the User does not otherwise violate the terms of the EULA.

A perpetual license is one where a software application is sold on a one-time basis and the licensee can then use a copy of the software forever. A perpetual license model offers a customer access to a software application in perpetuity, hence the name.

The perpetual software license model is comparable to other traditional retail purchases. For example, when a customer buys a refrigerator, they own it indefinitely after a one-time payment. That purchase usually comes with a warranty and service for a limited time.

Term licenses are suitable for specific time-limited projects, perpetual licenses provide long-term ownership and control over the software, and subscriptions offer flexibility, regular updates, and support.

Exclusive Licence grants to the licensee the right to use the intellectual property, but means that the licensor remains free to exploit the same intellectual property and to allow any number of other licensees to also exploit the same intellectual property.

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Alabama Perpetual Nontransferable Nonexclusive Vendor-Oriented Software License Agreement