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Software License Purchase Agreement
1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including brief description of the software and purpose of the license
3. Definitions: Detailed definitions of technical terms, software components, and other key terms used throughout the agreement
4. License Grant: Scope of the license, including type (perpetual/term), territory, and usage restrictions
5. License Fees and Payment Terms: Pricing structure, payment schedule, and payment terms
6. Delivery and Installation: Terms regarding software delivery method and installation requirements
7. Acceptance Testing: Procedures for testing and accepting the software
8. Intellectual Property Rights: Ownership of IP rights, including third-party components
9. Warranties and Representations: Software performance warranties, authority to license, and compliance with laws
10. Support and Maintenance: Basic support obligations and service levels
11. Confidentiality: Protection of confidential information exchanged during the relationship
12. Limitation of Liability: Caps on liability and exclusions of certain types of damages
13. Term and Termination: Duration of the agreement and circumstances allowing termination
14. Effects of Termination: Obligations and rights of parties upon agreement termination
15. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Implementation Services: Details of implementation services if the licensor is responsible for software implementation
2. Training: Training obligations if the licensor provides user training
3. Data Processing Terms: Required if the software processes personal data, ensuring GDPR compliance
4. Source Code Escrow: Terms for source code escrow if agreed for business continuity purposes
5. Custom Development: Terms governing any custom development or modifications to the software
6. Service Level Agreement: Detailed service levels if specific performance metrics are required
7. Change Control: Procedures for managing changes to the software or services
8. Disaster Recovery: Disaster recovery obligations if critical to the licensee's operations
9. Export Control: Required if the software is subject to export control regulations
10. Anti-Corruption: Compliance with anti-corruption laws if dealing with public sector or high-risk territories
1. Software Description: Detailed technical specifications of the licensed software
2. License Fees Schedule: Detailed breakdown of license fees and payment structure
3. Technical Requirements: Hardware and system requirements for the software
4. Support and Maintenance Services: Detailed description of support and maintenance services
5. Service Level Agreement: Detailed service levels and performance metrics
6. Acceptance Test Criteria: Specific criteria and procedures for acceptance testing
7. Security Requirements: Security standards and requirements for the software
8. Implementation Plan: Timeline and milestones for software implementation
9. Data Processing Agreement: GDPR-compliant data processing terms if applicable
Authors
Acceptance Criteria
Acceptance Tests
Affiliate
Authorized Users
Business Day
Confidential Information
Configuration
Customer Data
Documentation
Effective Date
Error
Fees
Force Majeure Event
Implementation Services
Initial Term
Intellectual Property Rights
License
Licensed Software
Maintenance Services
Major Release
Minor Release
Normal Business Hours
Operating Environment
Personal Data
Professional Services
Release
Renewal Term
Schedule
Service Levels
Software
Source Code
Specifications
Support Services
System Requirements
Term
Territory
Third-Party Software
Updates
Upgrades
User Manual
Virus
Warranty Period
Work Product
Payment
Delivery
Acceptance Testing
Implementation
Intellectual Property
Warranties
Support and Maintenance
Service Levels
Confidentiality
Data Protection
Audit Rights
Limitation of Liability
Indemnification
Force Majeure
Term and Termination
Assignment
Change Control
Dispute Resolution
Governing Law
Entire Agreement
Severability
Notices
Third Party Rights
Anti-Corruption
Export Control
Insurance
Escrow
Non-Solicitation
Compliance with Laws
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