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License And Service Agreement
"I need a License and Service Agreement for my UAE-based fintech company to license our payment processing software to banks, including 24/7 technical support services and quarterly software updates, with the agreement planned to start from March 2025."
1. Parties: Identification of the contracting parties with full legal names and addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Detailed definitions of terms used throughout the agreement
4. License Grant: Scope, nature, and limitations of the license being granted
5. Service Scope: Detailed description of services to be provided
6. Payment Terms: Fees, payment schedule, and payment methods
7. Intellectual Property Rights: IP ownership, protection, and usage rights
8. Confidentiality: Protection and handling of confidential information
9. Service Levels: Performance standards and metrics for services
10. Support and Maintenance: Details of support services and maintenance obligations
11. Term and Termination: Duration of agreement and termination provisions
12. Warranties and Indemnities: Warranties provided and indemnification obligations
13. Limitation of Liability: Limitations on parties' liability under UAE law
14. Governing Law and Jurisdiction: UAE law application and jurisdiction details
15. General Provisions: Standard boilerplate clauses including force majeure, notices, and assignment
1. Data Protection: Required if personal data processing is involved, detailing compliance with UAE data protection laws
2. Export Control: Required if licensed materials or services are subject to export control regulations
3. Source Code Escrow: Optional section for software licensing agreements where source code protection is required
4. Training Services: Include if training is part of the service offering
5. Disaster Recovery: Required for critical service agreements or when handling sensitive data
6. Change Control: Include for agreements where service or license terms may need regular updates
7. Insurance: Required for high-value agreements or when specific risks need coverage
8. Anti-Bribery and Corruption: Important for international agreements or government-related contracts
1. Schedule 1 - Licensed Materials: Detailed description of licensed materials, software, or intellectual property
2. Schedule 2 - Service Description: Detailed specification of services to be provided
3. Schedule 3 - Service Levels and KPIs: Specific service level agreements and performance indicators
4. Schedule 4 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
5. Schedule 5 - Support and Maintenance: Detailed support and maintenance procedures and responsibilities
6. Appendix A - Technical Requirements: Technical specifications and requirements
7. Appendix B - Security Requirements: Security protocols and requirements
8. Appendix C - Contact Details: Key contacts and escalation matrix for both parties
Authors
Applicable Law
Authorized Users
Business Day
Confidential Information
Commencement Date
Documentation
Effective Date
Fees
Force Majeure Event
Intellectual Property Rights
Licensed Materials
License Term
Maintenance Services
Professional Services
Service Hours
Service Levels
Service Level Agreement (SLA)
Services
Software
Source Code
Specifications
Support Services
System
Term
Territory
Third Party Materials
Updates
Upgrades
User Acceptance Testing
Works
Working Hours
Affiliate
Background IP
Change Request
Deliverables
Development Services
Disaster Recovery Plan
Error
Good Industry Practice
Implementation Services
Initial Term
Integration
License Fees
Maintenance Fees
Material Breach
Minimum Requirements
Normal Business Hours
Personnel
Response Time
Resolution Time
Service Credits
Service Provider Materials
Service Recipient Data
Site
Support Level
Technical Requirements
Training Services
UAE
User Documentation
Virus
Vulnerability
Service Provision
Payment Terms
Intellectual Property Rights
Confidentiality
Data Protection
Service Levels
Performance Standards
Support and Maintenance
Implementation
Training
Warranties
Indemnification
Limitation of Liability
Force Majeure
Term and Termination
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Compliance with Laws
Anti-Corruption
Export Control
Insurance
Audit Rights
Security Requirements
Business Continuity
Personnel
Change Control
Acceptance Testing
Documentation
Source Code Escrow
Non-Solicitation
Publicity
Language Requirements
Information Technology
Software Development
Healthcare
Financial Services
Education
Telecommunications
Professional Services
E-commerce
Manufacturing
Government Services
Media and Entertainment
Real Estate
Energy and Utilities
Legal
Information Technology
Procurement
Commercial
Finance
Operations
Service Delivery
Vendor Management
Solutions Architecture
Implementation
Risk and Compliance
Chief Technology Officer
Legal Counsel
IT Director
Procurement Manager
Commercial Director
Software Licensing Manager
Contract Manager
Service Delivery Manager
Chief Information Officer
Head of Legal
Technology Procurement Specialist
Vendor Management Director
Solutions Architect
Implementation Manager
Chief Financial Officer
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