Washington Licensee - Oriented Software License Transaction Checklist
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How to fill out Licensee - Oriented Software License Transaction Checklist?
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FAQ
Software licensing terms and conditions usually include fair use of the software, the limitations of liability, warranties and disclaimers. They also specify protections if the software or its use infringes on the intellectual property rights of others.
Identifying licensing needs, assessing the value of intellectual property, negotiating financial terms, defining the scope of the license, addressing quality control, and establishing termination and renewal provisions are crucial steps in the negotiation process for licensing agreements.
This includes the actual software, the name, the copyright, the distribution rights, and even the intellectual property rights. You do not want someone purchasing a license to then steal components of it from you for their own financial gain.
The Checklist- Verify the Parties Involved. ... Define the Scope of the License. Understand the Payment Terms. ... Check for Termination Clauses. ... Understand the Representations and Warranties. ... Review Indemnification Clauses. ... Verify Confidentiality and Non-Disclosure Clauses. ... Check for Dispute Resolution Clauses.
The five categories of software licensing are: Public domain license. A public domain license is the most open form of license software may have. ... GNU Lesser General Public License (LPGL) ... Permissive license. ... Copyleft license. ... Proprietary license.