Floating Software License Template for India

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Key Requirements PROMPT example:

Floating Software License

"I need a Floating Software License agreement for our CAD software that will be shared among 50 concurrent users across our three engineering offices in Mumbai, Delhi, and Bangalore, with the agreement starting from March 1, 2025."

Document background
This Floating Software License agreement template is designed for use in the Indian market, where organizations need to implement shared software licensing arrangements. It addresses the complex requirements of modern enterprise software deployment while ensuring compliance with Indian legislation, including the Information Technology Act, 2000, Copyright Act, 1957, and relevant data protection regulations. The document is particularly suitable for situations where multiple users within an organization need to share access to software licenses on a concurrent basis, providing flexibility in license utilization while maintaining control over usage limits. It includes comprehensive provisions for license server management, usage monitoring, and compliance reporting, essential for organizations implementing floating license arrangements in India.
Suggested Sections

1. Parties: Identification of the licensor and licensee, including full legal names and registered addresses

2. Background: Context of the agreement, nature of the software, and purpose of the floating license arrangement

3. Definitions: Key terms including 'Floating License', 'Concurrent Users', 'License Server', 'Authorized Users', 'Territory'

4. Grant of License: Scope of license, concurrent user limits, and territory restrictions

5. License Server and Technical Requirements: Requirements for license server setup, management, and technical specifications

6. Usage Restrictions: Limitations on use, prohibited activities, and user authentication requirements

7. Term and Termination: Duration of license, renewal terms, and termination conditions

8. License Fees and Payment: Pricing structure, payment terms, and adjustment mechanisms

9. Maintenance and Support: Support services, updates, and maintenance terms

10. Intellectual Property Rights: Protection of IP rights, ownership declarations, and infringement provisions

11. Warranties and Disclaimers: Software performance warranties, disclaimer of warranties, and limitation of liability

12. Confidentiality: Protection of confidential information and trade secrets

13. General Provisions: Standard clauses including notices, assignment, governing law, and dispute resolution

Optional Sections

1. Data Protection and Privacy: Required if the software processes personal data or when compliance with data protection laws is necessary

2. Export Controls: Include when software is subject to export regulations or international use restrictions

3. Disaster Recovery: Optional section for critical software implementations requiring backup and recovery procedures

4. Professional Services: Include when additional implementation, training, or consulting services are provided

5. Service Level Agreement: Required for software with specific performance guarantees or uptime requirements

6. Audit Rights: Include when licensor requires rights to audit license usage and compliance

7. Third-Party Software: Necessary when the software incorporates third-party components or dependencies

Suggested Schedules

1. Schedule 1 - Software Description: Detailed description of software, modules, and features covered by the license

2. Schedule 2 - Technical Specifications: Technical requirements, supported platforms, and system requirements

3. Schedule 3 - License Metrics: Detailed description of concurrent user calculation, monitoring, and reporting

4. Schedule 4 - Fee Schedule: Detailed pricing, payment terms, and fee calculation methods

5. Schedule 5 - Support and Maintenance Services: Detailed description of support levels, response times, and maintenance terms

6. Appendix A - Authorized User Guidelines: Rules and procedures for user authentication and access management

7. Appendix B - Security Requirements: Security standards and protocols for license server and software access

Authors

Alex Denne

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

Relevant legal definitions
Relevant Industries

Information Technology

Engineering and Design

Financial Services

Healthcare

Education

Manufacturing

Research and Development

Professional Services

Architecture

Media and Entertainment

Telecommunications

Pharmaceutical

Relevant Teams

Legal

Information Technology

Procurement

Compliance

Finance

Operations

Information Security

Software Asset Management

Infrastructure

Risk Management

Relevant Roles

Chief Information Officer

IT Director

Software License Manager

Procurement Manager

Legal Counsel

IT Asset Manager

Systems Administrator

Software Compliance Officer

Technology Operations Manager

Contract Manager

Enterprise Architect

Information Security Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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