Corporate Software License

Corporate Software License Template for Singapore

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Key Requirements PROMPT example:

"Need a Corporate Software License agreement for enterprise-wide deployment of our cloud security software to a Singapore-based bank, with specific provisions for data protection and source code escrow, to be effective from March 2025."

Document background

The Corporate Software License Agreement is essential for businesses operating in Singapore that need to legally acquire and use software products. This document is crucial when a company wishes to implement software solutions while ensuring compliance with Singapore's regulatory framework, including the Copyright Act 2021 and PDPA. It outlines specific terms for software usage, maintenance, support, and protection of intellectual property rights. The agreement is particularly relevant for enterprise-level software deployments where clear terms of use, liability limitations, and technical support requirements need to be established.

Suggested Sections

1. Parties: Identification of licensor and licensee, including registered addresses and company details

2. Background: Context of the agreement and brief description of the software being licensed

3. Definitions: Key terms used throughout the agreement, including Software, Documentation, Intellectual Property Rights, etc.

4. Grant of License: Scope of license, permitted uses, and restrictions

5. License Fees: Payment terms, pricing, and payment schedule

6. Intellectual Property Rights: Ownership and protection of IP rights

7. Confidentiality: Protection of confidential information and trade secrets

8. Term and Termination: Duration of agreement and termination provisions

9. Governing Law: Singapore law and jurisdiction specifications

Optional Sections

1. Service Level Agreement: Details of support and maintenance services - include when ongoing support is part of the license agreement

2. Data Protection: PDPA compliance requirements - include when personal data processing is involved

3. Source Code Escrow: Terms for source code access and protection - include for business-critical software applications

4. Export Controls: Compliance with export regulations - include when software may be subject to export restrictions

Suggested Schedules

1. Schedule 1: Software Description: Detailed description of licensed software and components

2. Schedule 2: License Fees: Detailed pricing structure and payment terms

3. Schedule 3: Technical Specifications: Technical requirements and specifications

4. Schedule 4: Service Level Agreement: Detailed support and maintenance terms

5. Schedule 5: Authorized Users: List of authorized users or user categories

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology
Financial Services
Healthcare
Manufacturing
Professional Services

Relevant Teams

Information Technology
Legal
Procurement
Finance
Information Security

Relevant Roles

Chief Technology Officer
IT Director
Legal Counsel
Procurement Manager
Information Security Manager

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Let's create your Corporate Software License

Authors

Alex Denne

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