Oregon Computer Software Lease with License Agreement is a legally binding contract outlining the terms and conditions for the leasing and licensing of computer software in the state of Oregon. This agreement allows software vendors and users to establish a rental relationship and define the permissions and restrictions associated with the use of the software. The Oregon Computer Software Lease with License Agreement typically consists of several key sections that cover important aspects related to the use of the software. These sections include: 1. Parties: This section identifies the parties involved in the agreement, namely the software vendor or licensor and the software user or licensee. It includes their names, addresses, and contact information. 2. Purpose: Here, the agreement specifies the purpose for which the software is being leased and licensed. It may include details on specific software features, functionality, and limitations. 3. Grant of License: This section outlines the license granted to the licensee, including the scope of usage rights and any applicable restrictions. It defines whether the license is exclusive or non-exclusive and whether it allows for modifications or redistribution of the software. 4. Lease Terms: This part defines the duration of the software lease, including the start and end dates and any renewal or termination provisions. It may also specify payment terms, such as the rental fees, payment schedule, and late payment penalties. 5. Maintenance and Support: This section addresses the software maintenance and support services provided by the vendor during the lease term. It may detail the extent of support, response times, and software updates or upgrades. 6. Ownership and Intellectual Property: Here, the agreement clarifies the ownership and intellectual property rights of the software. It outlines whether the licensee gains any ownership rights or if the software remains the exclusive property of the licensor. 7. Confidentiality: This section covers the treatment of confidential information shared during the term of the lease. It establishes obligations to maintain confidentiality and may include provisions on non-disclosure and non-compete. 8. Liability and Indemnification: The agreement defines the liability of both parties in case of software malfunctions, data loss, or other issues. It may include provisions for indemnification, limiting the vendor's liability, and disclaimers of warranties. 9. Dispute Resolution and Governing Law: This part determines the method of resolving disputes between the parties and specifies which state laws govern the agreement. It may require arbitration or mediation before resorting to legal action. Different types of Oregon Computer Software Lease with License Agreements may exist based on the specific software being leased and the intended use. These variations can include agreements for commercial off-the-shelf software (COTS), custom-developed software, or industry-specific software tailored to specific verticals such as healthcare or finance. In conclusion, the Oregon Computer Software Lease with License Agreement is a comprehensive legal document that establishes the terms and conditions governing the leasing and licensing of computer software in Oregon. It ensures that both parties have a clear understanding of their rights and responsibilities, protecting their interests throughout the lease term.