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Lifetime Software License Template for United States

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Key Requirements PROMPT example:

Lifetime Software License

"I need a Lifetime Software License agreement for my new AI analytics software that will be sold to enterprise customers in the US and Canada, with specific provisions for data protection and regular maintenance updates without additional fees."

Document background
The Lifetime Software License is essential when permanently transferring software usage rights while maintaining intellectual property ownership. This agreement, governed by U.S. law, defines the scope of perpetual use, technical support obligations, and liability limitations. It's particularly important for software vendors offering permanent licenses instead of subscription-based models, and should address both current functionality and future updates. The document must comply with federal and state software licensing regulations while protecting both parties' interests.
Suggested Sections

1. Parties: Identification of licensor and licensee with full legal names and addresses

2. Background: Context of the agreement and brief description of the software

3. Definitions: Key terms used throughout the agreement including 'Software', 'License', 'Lifetime', 'Updates'

4. Grant of License: Scope and nature of the license rights being granted

5. License Restrictions: Limitations on use, copying, modification, and distribution

6. Intellectual Property Rights: Ownership and protection of IP rights

7. Warranties and Disclaimers: Express warranties and standard disclaimers

8. Limitation of Liability: Caps on liability and excluded damages

9. Term and Termination: Duration and conditions for termination

Optional Sections

1. Maintenance and Support: Terms for ongoing support and updates if included in the license

2. Export Controls: Compliance with export regulations for software subject to export restrictions

3. Data Protection: Privacy and data handling obligations when software processes personal data

4. Source Code Escrow: Terms for source code protection when source code access might be needed

Suggested Schedules

1. Schedule A - Software Description: Detailed description of licensed software and components

2. Schedule B - Technical Requirements: Minimum system requirements and technical specifications

3. Schedule C - Support Terms: Details of support services if included

4. Schedule D - Fee Schedule: Any applicable fees for additional services or support

5. Appendix 1 - Acceptable Use Policy: Detailed terms of acceptable use and restrictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºìÐÓÖ±²¥ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Copyright Act: 17 U.S.C. - Federal law governing copyright protection, essential for software licensing and intellectual property protection

Patent Act: 35 U.S.C. - Federal law protecting novel inventions and processes, relevant for software patents and related technologies

Digital Millennium Copyright Act: Federal law addressing digital copyright issues, including anti-circumvention provisions and ISP safe harbors

Uniform Commercial Code: Particularly Article 2, governing sales of goods and providing framework for commercial transactions

Uniform Computer Information Transactions Act: State law (where adopted) specifically governing software licenses and computer information transactions

Federal Trade Commission Act: Federal law protecting consumers against unfair or deceptive trade practices in software licensing

Computer Fraud and Abuse Act: Federal law addressing computer-related fraud and unauthorized access to protected computers

Export Administration Regulations: Federal regulations controlling the export of commercial and dual-use software and technology

Sherman Antitrust Act: Federal law prohibiting monopolistic practices and anti-competitive behavior in software licensing

Electronic Signatures Act: E-SIGN Act establishing legal equivalence of electronic signatures with handwritten signatures

Magnuson-Moss Warranty Act: Federal law governing consumer product warranties, including software warranties and disclaimers

State Data Breach Laws: Various state-specific laws requiring notification and protection measures in case of data breaches

California Consumer Privacy Act: State law providing California residents with data privacy rights, affecting software that processes personal information

Uniform Electronic Transactions Act: State law providing uniform rules for electronic transactions and records

Trade Secret Protection Laws: State and federal laws protecting proprietary information and trade secrets in software

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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