Software Intellectual Property Agreement

Software Intellectual Property Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Software Intellectual Property Agreement for a new mobile payment app we're developing, where we want to license the technology to tHRee banks in Singapore while retaining full ownership of the source code and related IP, with the agreement to take effect from March 2025."

Document background

The Software Intellectual Property Agreement is essential for businesses operating in Singapore's technology sector who need to protect their software assets and establish clear ownership and usage rights. This document is particularly relevant given Singapore's position as a leading technology hub in Asia and its robust IP protection framework. The agreement addresses key aspects including copyright ownership, licensing terms, confidentiality provisions, and compliance with Singapore's Copyright Act 2021 and related legislation. It's designed to provide comprehensive protection while facilitating commercial exploitation of software IP.

Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms and their meanings as used in the agreement

4. IP Rights and Ownership: Clear declaration of intellectual property ownership and rights, including copyright, patents, and trademarks

5. License Grant: Terms and scope of software license, including usage rights and restrictions

6. Confidentiality: Protection of confidential information and trade secrets

7. Term and Termination: Duration of agreement and termination conditions

8. Governing Law: Specification of Singapore law as governing law and jurisdiction

Optional Sections

1. Source Code Escrow: Terms for source code protection and access arrangements

2. Maintenance and Support: Terms for ongoing software maintenance and technical support services

3. Data Protection: PDPA compliance provisions and data handling requirements

4. Export Control: Compliance with export regulations and international distribution requirements

Suggested Schedules

1. Schedule 1 - Software Description: Detailed technical specifications and functionality of the software

2. Schedule 2 - License Terms: Detailed licensing terms, conditions, and restrictions

3. Schedule 3 - Service Level Agreement: Performance metrics, service standards, and support levels

4. Schedule 4 - Fee Schedule: Pricing, payment terms, and fee structure

5. Schedule 5 - Technical Requirements: Hardware, software, and system requirements for operation

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
E-commerce
Education

Relevant Teams

Legal
Information Technology
Research & Development
Intellectual Property
Commercial
Compliance

Relevant Roles

Chief Technology Officer
IP Counsel
Software Development Manager
Legal Counsel
Product Manager
Business Development Director

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Let's create your Software Intellectual Property Agreement

Authors

Alex Denne

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