Restricted Source Code License Agreement
Understanding this form
The Restricted Source Code License Agreement is a legal document that outlines the terms under which one party (the licensee) is granted the right to access and utilize the source code of specific software while imposing restrictions on its use, notably by prohibiting transfer or assignment without prior consent. This agreement is distinct from general software licenses as it emphasizes the confidential and proprietary nature of the source code, thus safeguarding the licensorâs intellectual property rights.
Key parts of this document
- Definitions and identification of the parties involved.
- Details of the restricted license granted, including scope and duration.
- Conditions regarding the maintenance fee associated with the source code license.
- Obligations of the licensee related to confidentiality and non-disclosure.
- Termination conditions, including breaches of the agreement.
Situations where this form applies
This form is typically used when a business needs access to the source code of proprietary software to resolve specific issues with its implementation or functionality. It is appropriate for situations where the continued performance of the software is critical to business operations and where the licensor must protect their intellectual property from unauthorized use or disclosure.
Who needs this form
- Businesses requiring access to proprietary software source code for development or operational purposes.
- Software developers or companies needing to rectify issues with existing software.
- Organizations looking to ensure confidentiality and protect trade secrets associated with their software.
Completing this form step by step
- Identify and fill in the names and addresses of the parties involved at the beginning of the agreement.
- Specify the details about the source code and the specific software being licensed.
- Complete the payment terms, including the initial and annual maintenance fees.
- Clarify obligations regarding the confidentiality and limitations imposed on the use of the source code.
- Include the signatures and dates of the authorized representatives from both parties.
Is notarization required?
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.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to specify the exact software and source code involved in the agreement.
- Omitting details regarding the maintenance fees, which can lead to unexpected costs.
- Not addressing the obligations of confidentiality adequately, potentially risking unauthorized disclosures.
Benefits of using this form online
- Convenient access to the form anytime and anywhere with internet connectivity.
- Edit and customize the form easily to fit specific requirements before downloading.
- Reliable templates drafted by licensed attorneys to ensure legal validity and compliance.
Quick recap
- The Restricted Source Code License Agreement protects the licensorâs proprietary rights while allowing necessary access for the licensee.
- Carefully complete all fields to avoid misunderstandings or legal issues post-signing.
- Understand your obligations regarding confidentiality and restricted use of the source code.
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FAQ
The simplest explanation is that open source licenses are legal and binding contracts between the author and the user of a software component, declaring that the software can be used in commercial applications under specified conditions. The license is what turns code into an open source component.
A license agreement is a business contract between two parties. The licensor (the seller of the license) owns the asset being licensed and the licensee (the buyer) pays for the right to use the license. The licensee pays royalties to the owner in exchange for the right to sell the product or use the technology.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
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.
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.
The 3 P's of collegiate licensing are protection, promotion, and profit.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
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.
User agreements like EULAs are legally binding contracts between the software author and the end-user. End User License Agreements are enforceable as long as it is clear that it is a contract and both parties can understand the terms.
