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Lifetime Software License
"I need a Lifetime Software License agreement for enterprise accounting software that will be deployed across our manufacturing facilities in Mumbai and Delhi, with specific provisions for source code escrow and at least 10 years of guaranteed technical support starting March 2025."
1. Parties: Identifies the licensor and licensee with complete legal details
2. Background: Context of the agreement and brief description of the software
3. Definitions: Defines key terms used throughout the agreement
4. Grant of License: Specifies the perpetual, non-exclusive nature of the license and usage rights
5. Scope of License: Details permitted uses, number of users, and deployment restrictions
6. Intellectual Property Rights: Confirms licensor's ownership and licensee's limited rights
7. License Fee: One-time payment terms and conditions
8. Delivery and Installation: Process for software delivery and installation requirements
9. Warranties and Representations: Software performance guarantees and legal compliance warranties
10. Support and Maintenance: Terms for ongoing technical support and updates
11. Confidentiality: Protection of proprietary information and trade secrets
12. Limitation of Liability: Caps on liability and exclusions of certain damages
13. Termination: Conditions for license termination despite perpetual nature
14. Governing Law and Jurisdiction: Confirms Indian law application and jurisdiction
15. General Provisions: Standard boilerplate clauses including notices, assignment, and severability
1. Source Code Escrow: Terms for source code protection and release conditions, relevant for mission-critical applications
2. Third-Party Software: Rules regarding bundled third-party software components, if applicable
3. Export Controls: Compliance requirements for international usage, if software will be used globally
4. Data Protection: Specific data handling and privacy requirements, if software processes personal data
5. Service Level Agreement: Detailed performance metrics and standards, if specific performance guarantees are required
6. Disaster Recovery: Backup and recovery procedures, important for critical business applications
7. Training and Documentation: Terms for user training and documentation provision, if complex software requires special training
1. Schedule A - Software Description: Detailed technical specifications and functionality of the software
2. Schedule B - License Fee: Detailed breakdown of the one-time license fee and payment terms
3. Schedule C - Technical Requirements: Hardware and system requirements for software operation
4. Schedule D - Support Services: Detailed scope of technical support and maintenance services
5. Schedule E - Authorized Users: Definition and limitations of authorized users and access rights
6. Appendix 1 - Installation Guide: Step-by-step installation and configuration procedures
7. Appendix 2 - Acceptance Testing: Criteria and procedures for software acceptance testing
Authors
Information Technology
Software Development
Healthcare
Financial Services
Manufacturing
Retail
Education
Telecommunications
Professional Services
Government and Public Sector
Energy and Utilities
Media and Entertainment
Automotive
Aerospace and Defense
Legal
Information Technology
Procurement
Finance
Compliance
Information Security
Software Development
Operations
Risk Management
Vendor Management
Chief Technology Officer
Chief Information Officer
IT Director
Legal Counsel
Procurement Manager
Software Licensing Manager
Contract Manager
Chief Financial Officer
IT Asset Manager
Information Security Officer
Technology Procurement Specialist
Legal Operations Manager
Software Development Manager
Enterprise Architect
Vendor Management Officer
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