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Unlimited Software License Template for United States

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Key Requirements PROMPT example:

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."

Document background
The Unlimited Software License is essential for organizations requiring unrestricted access to software ºìÐÓÖ±²¥s. This agreement, governed by US law, provides comprehensive rights for software usage without temporal or user quantity limitations. It's particularly relevant when businesses need perpetual rights to use, modify, and deploy software across their organization. The document addresses key aspects including IP rights, warranties, support terms, and compliance with US federal and state regulations, making it suitable for enterprise-wide software deployments.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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. - Primary federal legislation governing software protection and intellectual property rights in the United States

Digital Millennium Copyright Act: Federal law addressing digital rights management and copyright protection in the digital age

Computer Fraud and Abuse Act: Federal legislation governing unauthorized access and use of computer systems and software

Federal Trade Commission Act: Federal legislation containing consumer protection provisions relevant to software licensing

Uniform Commercial Code: State-adopted uniform law, particularly Article 2, governing sales and commercial transactions

State Contract Laws: Various state-specific laws governing contract formation, enforcement, and interpretation

State Consumer Protection Laws: State-specific legislation protecting consumer rights in software licensing transactions

GDPR Compliance: EU data protection regulation that may apply if the software processes data of EU residents

CCPA Compliance: California Consumer Privacy Act requirements for software handling California residents' data

Export Control Regulations: Federal regulations governing the export of software and technology to foreign countries

Industry-Specific Regulations: Sector-specific requirements such as HIPAA for healthcare software or GLBA for financial 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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