Perpetual Irrevocable Nonexclusive User-Oriented Software License Agreement
What this document covers
The Perpetual Irrevocable Nonexclusive User-Oriented Software License Agreement is a legal document that grants a licensee the rights to use specific software developed by a licensor. This agreement is particularly important in the software industry as it outlines usage rights, payment terms, and warranty conditions, distinguishing it from other software licenses by its focus on perpetual and non-exclusive use. This form is essential for anyone looking to formalize software usage rights in a clear and legally binding manner.
What’s included in this form
- License details including terms of perpetual, irrevocable, and non-exclusive usage.
- Payment terms specifying the license fee and payment schedule.
- Specifications of the licensed software including modules and documentation.
- Warranties provided by the licensor regarding software performance and defects.
- Confidentiality obligations to protect proprietary information.
- Delivery and acceptance processes for the software and documentation.
When to use this form
This form should be used when a business or individual intends to acquire software for long-term use, ensuring that all parties understand their rights and obligations. It is particularly useful in situations where a company desires to license software that may be modified or tailored for its operations, requiring a clear and enforceable framework to govern the relationship between the software provider and the licensee.
Who can use this document
This software license agreement is suitable for:
- Software developers and licensors who want to license their products to others.
- Businesses or organizations that require ongoing access to specific software.
- Firms looking to ensure compliance with software usage terms in their operations.
- Legal professionals drafting specific licensing agreements for clients.
Steps to complete this form
- Identify the parties: Clearly state the name and address of both the licensee and the licensor.
- Specify the software: Detail the software components and any associated documentation to be licensed.
- Outline payment terms: Enter the license fee as defined in the agreement.
- Set warranty terms: Include specific warranties regarding software functionality and defect correction.
- Include confidentiality clauses: Ensure provisions regarding the confidentiality of proprietary information are included.
- Sign and date: Both parties must sign and date the agreement to make it legally binding.
Notarization requirements for this form
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Typical mistakes to avoid
- Failing to specify all software components in the agreement.
- Neglecting to outline payment terms clearly, leading to disputes.
- Overlooking the importance of warranty clauses.
- Not including adequate confidentiality provisions to protect proprietary information.
- Forgetting to have both parties sign and date the form.
Benefits of using this form online
- Convenient access to legal templates drafted by licensed attorneys.
- Editable formats that can be tailored to individual business needs.
- Secure downloading and storage of legal documents for easy reference.
- Immediate availability, allowing users to complete agreements quickly.
Form popularity
FAQ
Entities often buy or sell licenses of intellectual property (IP)items such as patents, software, music, and scientific compounds. These contracts are common in industries such as technology, entertainment and media, pharmaceuticals and life sciences, and retail and consumer.
Most trademark license agreements aren't assignable, transferable or perpetual, and when you add in exclusive you get an agreement that looks much more like a transfer of all rights rather than a license.
With a perpetual license, customers can hold the license and access the product indefinitely. However, they will not have access to ongoing product updates or technical support after a certain time - usually beyond a year of purchasing the perpetual license.
Perhaps the key difference between a EULA and a software license agreement is that a EULA is often meant for scenarios where many users could be using the software on a continuous basis and a software license agreement is more often used for business-to-business, often times for finite engagements.
A perpetual license allows end users to use the software for as long as the end user complies with all terms of the license agreement. A term license allows the end user to use the software for a specified license term so long as the end user complies with all the terms of the license agreement.
An end-user license agreement (EULA, /02c8ju02d0l0259/) is a legal contract entered into between a software developer or vendor and the user of the software, often where the software has been purchased by the user from an intermediary such as a retailer.
A perpetual license payment provides the rights to run the application suite as long as one wants, even long after Microsoft stops serving security updates if the user is willing to take risks. It can be installed on just one PC or Mac, and so is tied to that device, not to its current user.
Perpetual Software means the Software for which Cisco gives licensee the right to use for an indefinite period of time, as long as such use is in compliance with the terms of the license agreement.
Subscription software (Software as a Service) is priced on a monthly or annual basis and is an on-going subscription. A perpetual software license is purchased up front, in a large, lump sum and allows the organization to use the software indefinitely.
