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Digital License Agreement

Digital License Agreement Template for Nigeria

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Key Requirements PROMPT example:

Digital License Agreement

"I need a Digital License Agreement for my fintech software product that will be licensed to Nigerian banks, including source code escrow provisions and white-labeling rights, with the agreement to take effect from March 1, 2025."

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Document background
The Digital License Agreement is a crucial legal instrument used in Nigeria for establishing and managing the rights and obligations related to digital product licensing. This agreement is essential when one party (licensor) grants another party (licensee) the right to use specific digital products, software, or content under defined terms and conditions. It's particularly relevant in the growing Nigerian digital economy, where businesses increasingly rely on licensed software and digital solutions. The agreement must comply with Nigerian legislation, including the Evidence Act 2011, NDPR 2019, and Cybercrimes Act 2015, while addressing key aspects such as usage rights, technical specifications, data protection, and payment terms. This document is commonly used in both B2B and B2C contexts, requiring careful consideration of Nigerian consumer protection laws and digital transaction regulations.
Suggested Sections

1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, nature of the digital product/service, and general purpose of the license

3. Definitions: Detailed definitions of technical terms, product-specific terminology, and key concepts used in the agreement

4. Grant of License: Scope of the license, usage rights, restrictions, and territory limitations

5. License Fees and Payment Terms: Payment structure, amounts, payment schedule, and payment methods

6. Term and Termination: Duration of the license, renewal terms, and termination conditions

7. Licensee Obligations: Requirements and restrictions on the licensee's use of the digital product

8. Technical Requirements: Minimum system requirements, compatible platforms, and technical specifications

9. Support and Maintenance: Level of technical support, maintenance services, and update provisions

10. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements

11. Data Protection and Security: Compliance with NDPR, data security measures, and privacy requirements

12. Warranties and Representations: Standard warranties regarding ownership, non-infringement, and performance

13. Limitation of Liability: Liability caps, exclusions, and indemnification provisions

14. Dispute Resolution: Process for handling disputes, applicable law, and jurisdiction

15. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. White-Labeling Rights: Terms for rebranding and reselling the licensed product, used when licensee has white-labeling rights

2. Source Code Access: Terms for source code access and usage, included when source code access is part of the license

3. Service Level Agreement: Detailed performance metrics and service levels, included for software-as-a-service products

4. Distribution Rights: Terms for redistributing the licensed product, included when sublicensing is permitted

5. Professional Services: Terms for additional services like implementation or training, included when professional services are part of the deal

6. Export Controls: Compliance with export regulations, included for international licensing

7. Disaster Recovery: Business continuity and disaster recovery provisions, included for critical software systems

8. API Usage Terms: Terms for API access and usage, included when API access is part of the license

Suggested Schedules

1. Schedule 1: Licensed Products: Detailed description of licensed software, modules, and components

2. Schedule 2: Technical Specifications: Detailed technical requirements, system specifications, and compatibility requirements

3. Schedule 3: Fee Schedule: Detailed breakdown of license fees, payment schedules, and pricing tiers

4. Schedule 4: Service Level Agreement: Detailed service levels, performance metrics, and support requirements

5. Schedule 5: Data Processing Agreement: Detailed terms for data processing in compliance with NDPR

6. Schedule 6: Acceptable Use Policy: Guidelines and restrictions for use of the licensed product

7. Appendix A: Implementation Timeline: Project timeline for implementation and deployment if applicable

8. Appendix B: Support Procedures: Detailed procedures for accessing technical support and maintenance services

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Information Technology

Financial Services

E-commerce

Healthcare

Education

Media and Entertainment

Telecommunications

Professional Services

Manufacturing

Retail

Government and Public Sector

Digital Publishing

Software Development

Cloud Computing

Digital Marketing

Relevant Teams

Legal

Information Technology

Procurement

Compliance

Information Security

Software Development

Product Management

Operations

Risk Management

Vendor Management

Digital Rights Management

Technical Operations

Business Development

Contract Administration

Relevant Roles

Chief Technology Officer

Legal Counsel

IT Director

Software Licensing Manager

Procurement Manager

Contract Manager

Information Security Officer

Data Protection Officer

Business Development Manager

Product Manager

Digital Rights Manager

Compliance Officer

Technical Operations Manager

Software Development Manager

Chief Information Officer

Vendor Management Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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