This form is a Software License Agreement. The form provides that the software is delivered in object code only. The licensee will not reverse compile or otherwise reverse engineer the software. The agreement is effective until terminated and the licensee may terminate the agreement by returning the licensed product to the licensor.
Kentucky Software License Agreement - Detailed
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A software license agreement is the legal contract between the licensor and/or author and the purchaser of a piece of software which establishes the purchaser's rights. A software license agreement details how and when the software can be used, and provides any restrictions that are imposed on the software.
A software license agreement should include the licensor's reservation of all its rights not specifically granted to the licensee and the licensee's acknowledgment of the licensor's ownership of the licensed software. Payment terms.
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.
Software licensing terms and conditions usually include fair use of the software, the limitations of liability, warranties and disclaimers. They also specify protections if the software or its use infringes on the intellectual property rights of others. Software licenses typically are proprietary, free or open source.
As a general rule, any well-drafted license agreement should address the following topics:Scope of the grant.Term and renewal.Performance standards and quotas.Payments to the licensor.Quality control, assurance and protection.Insurance and indemnification.Accounting, reports and audits.More items...?
How do I write a EULA?Vendor details (name and address)Software title.License terms (terms of use, restrictions, and maintenance and support details, if applicable)A refund policy (if applicable)
LIMITED USE LICENSE means a license granted by Licensee or its Affiliate to a third party, directly or through a Distributor, in conjunction with the sale of a Licensed Product that conveys to such third party the non-transferable right to use the purchased Licensed Product solely for Research Purposes, including
A software license agreement details how and when the software can be used, and provides any restrictions that are imposed on the software. A software license agreement also defines and protects the rights of the parties involved in a clear and concise manner.
A software licensing agreement is a legal contract between the owner of the software and its purchaser. The main objective of the software licensing agreement is to protect the interest of the company selling the software as well as the purchaser.
A software license is a legally binding agreement made between the owner or developer of a software program and the user, outlining how they can use and distribute the product.