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Unlimited Software License
"Need an Unlimited Software License agreement for our proprietary trading software being licensed to a major bank, including source code access rights and 24/7 support provisions, with the agreement to commence January 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and terms of the software license
5. Intellectual Property Rights: Ownership and protection of IP rights
6. License Restrictions: Limitations on use of the software
7. Term and Termination: Duration and termination conditions
8. Warranties and Disclaimers: Warranty terms and limitations
9. Liability Limitations: Scope of liability and indemnification
1. Support and Maintenance: Terms for ongoing support services - include when ongoing support is part of the agreement
2. Data Protection: Privacy and data handling provisions - include when personal data is processed
3. Export Controls: Export compliance requirements - include for international distribution
4. Source Code Escrow: Terms for source code protection - include when source code access might be needed
1. Software Description Schedule: Detailed description of licensed software and components
2. Technical Requirements Schedule: System requirements and technical specifications
3. Service Level Agreement: Performance metrics and service levels for support services
4. Fee Schedule: Pricing and payment terms if applicable
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