The word software is also sometimes used in a more narrow sense, meaning application software only. Software is stored in computer memory and cannot be touched i.e. it is intangible.
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 also defines and protects the rights of the parties involved in a clear and concise manner. Most of software license agreements are in digital form and are not presented to the purchaser until the purchase is complete.
A Hardware Purchase and Software License Agreement is a contract between two parties that outlines the terms of purchasing and using specific hardware and software. This agreement may include the purchase of hardware, such as computers, servers, and other IT equipment, as well as the purchase of software licenses to use that hardware. This agreement will specify the cost of the hardware and software, the delivery and installation of the hardware, and the terms of the software license, such as the number of users, the length of the license, and any additional restrictions. Different types of Hardware Purchase and Software License Agreements include perpetual licenses, subscription licenses, volume licenses, and site licenses.
