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Perpetual Software License

Perpetual Software License Template for New Zealand

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Key Requirements PROMPT example:

Perpetual Software License

"I need a Perpetual Software License Agreement under New Zealand law for enterprise accounting software being licensed to a national retail chain, with specific provisions for multi-site deployment and integration with existing systems, planned for implementation in March 2025."

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This document template is designed for software licensing transactions under New Zealand law where a permanent grant of software usage rights is intended. The Perpetual Software License Agreement is particularly suitable when the licensor wishes to grant indefinite usage rights in exchange for a one-time fee, while maintaining ownership of the intellectual property. It includes comprehensive provisions for software usage, maintenance, support, warranties, and liability limitations, ensuring compliance with New Zealand's technology and contract law framework. This agreement type is commonly used for on-premises software deployments where the licensee requires long-term certainty of software availability and usage rights, as opposed to subscription-based or term-limited licenses.
Suggested Sections

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

2. Background: Context of the agreement, description of the software, and purpose of the license

3. Definitions: Detailed definitions of terms used throughout the agreement, including technical terms

4. Grant of License: Scope and nature of the perpetual license, including usage rights and restrictions

5. License Fees: One-time license fee details, payment terms, and any ongoing maintenance fees

6. Intellectual Property Rights: Confirmation of ownership and protection of IP rights in the software

7. Warranties and Representations: Warranties regarding software functionality, performance, and compliance with laws

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

9. Confidentiality: Protection of confidential information and trade secrets

10. Limitation of Liability: Limitations on liability and exclusions of certain types of damages

11. Term and Termination: Duration of the agreement and circumstances for termination despite perpetual nature

12. General Provisions: Standard legal provisions including governing law, dispute re红杏直播, and notices

Optional Sections

1. Source Code Escrow: Terms for source code protection and release conditions, used when source code access might be required

2. Data Protection: Specific provisions for handling personal data, required if software processes personal information

3. Third-Party Software: Terms relating to incorporated third-party software, needed if third-party components are included

4. Export Controls: Compliance with export regulations, necessary for international use

5. Professional Services: Terms for additional implementation or customization services, if required

6. Service Level Agreement: Performance standards and metrics, needed for business-critical software

7. Disaster Recovery: Procedures for data backup and recovery, important for critical business applications

Suggested Schedules

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

2. Schedule 2 - License Fees: Detailed breakdown of license fees and payment structure

3. Schedule 3 - Support and Maintenance Services: Specific support levels, response times, and maintenance procedures

4. Schedule 4 - Technical Requirements: Hardware and software requirements for operating the licensed software

5. Schedule 5 - Authorized Users: Definition and limitations of authorized users and usage parameters

6. Appendix A - Acceptance Testing: Acceptance criteria and testing procedures for software validation

7. Appendix B - Security Requirements: Security standards and protocols to be maintained

Authors

Alex Denne

Head of Growth (Open Source Law) @ 红杏直播 | 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





































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Relevant Industries

Technology

Financial Services

Healthcare

Manufacturing

Retail

Professional Services

Education

Government

Telecommunications

Media and Entertainment

Insurance

Energy and Utilities

Relevant Teams

Legal

Information Technology

Procurement

Compliance

Risk Management

Finance

Operations

Software Development

Commercial

Information Security

Vendor Management

Relevant Roles

Chief Technology Officer

Legal Counsel

IT Director

Software Procurement Manager

Contract Manager

Chief Information Officer

Software Asset Manager

Technology Procurement Specialist

Compliance Officer

Risk Manager

IT Operations Manager

Chief Financial Officer

Commercial Director

Head of Legal

Digital Transformation 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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