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This Floating Software License agreement template is designed for use in the Hong Kong market when organizations need to implement a shared software licensing model. It is particularly suitable when multiple users within an organization require access to the same software, but not simultaneously, enabling cost-effective license management through concurrent usage tracking. The document encompasses technical specifications for license server implementation, usage monitoring, and compliance requirements, while ensuring alignment with Hong Kong's legal framework, including electronic transactions, intellectual property, and data protection regulations. It addresses key commercial terms, service levels, and risk allocation between parties, making it suitable for both standard business software and specialized enterprise applications.
