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Checklist for Software License Agreement

Checklist for Software License Agreement

Name: Checklist for Software License Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.64 (382 reviews)

Category:

Technology - Licenses

State:

Multi-State

Control #:

US-13173BG

Format:

Instant download

Description

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.

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FAQ

A software license agreement typically has broad-form confidentiality provisions that also provide that certain items fall into the bucket of one or the other party (e.g., the software for a licensor, certain data for a licensee, etc.).

Due Diligence-General. Due Diligence-Cost. Due Diligence-Performance. Due Diligence-Know Your Counterparty. Source Code Escrow and Escrow Agreements. Installation, Implementation and Training. Customizations. Entire Agreement; Changes to the Terms.

Setting up Your Licensing Agreement. Granting the License. Limiting Your Liability. Adding Boilerplate Clauses. Finalizing the Licensing Agreement.

A free software license agreement gives the purchaser the rights to modify and redistribute the software and related components, while a proprietary software license agreement forbids this.License agreements generally also contain warranty provisions and patent information.

What is a Licensing Agreement? A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

Don't assume you can't negotiate. Understand the pricing and use schemes. Get promises in writing. Get measurable promises. Carefully look at the indemnification provisions. Consider the intellectual property investment you intend to make. Look for a range of meaningful remedies. Think about renewal from day one.

Exclusive or non-exclusive. In an exclusive license, the intellectual property holder is licensing the work only to one person, for that particular use/territory. Territory. Use. Attribution. Derivative works. Confidentiality. Time frame. Termination.

A software license agreement gives a licensee a non-exclusive, non-transferable right to use software. A software license agreement defines how that software can be used and what happens in the event of breach.

Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.

Checklist for Software License Agreement

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What are licensing agreements for software and what do they usually include?

What do software license agreements look for?

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What does software licensing agreements normally forbid?

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