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Software License And Maintenance Agreement
"I need a Software License And Maintenance Agreement for my cloud-based accounting software that will be licensed to enterprise customers in New Zealand, with particular emphasis on data privacy and security provisions as we'll be handling sensitive financial information."
1. Parties: Identifies and defines the parties to the agreement - the Licensor (software provider) and Licensee (customer)
2. Background: Sets out the context of the agreement, including brief description of the software and the parties' intention to enter into a licensing and maintenance arrangement
3. Definitions: Defines key terms used throughout the agreement including Software, Documentation, Maintenance Services, License Fees, etc.
4. Grant of License: Specifies the type, scope, and terms of the software license being granted
5. License Restrictions: Details specific restrictions on use of the software, including prohibited actions and usage limitations
6. License Fees and Payment: Outlines the fee structure, payment terms, and consequences of non-payment
7. Maintenance Services: Details the maintenance and support services provided, including updates, upgrades, and technical support
8. Service Levels: Specifies the service levels for maintenance and support, including response times and resolution targets
9. Intellectual Property Rights: Confirms ownership of IP rights and protects the licensor's intellectual property
10. Confidentiality: Protects confidential information exchanged between the parties
11. Warranties: Sets out warranties provided for the software and services
12. Liability and Indemnification: Defines liability limitations and indemnification obligations
13. Term and Termination: Specifies the duration of the agreement and circumstances for termination
14. Post-Termination Obligations: Outlines obligations of parties after agreement termination
15. General Provisions: Contains standard boilerplate clauses including governing law, dispute resolution, etc.
1. Data Protection and Privacy: Required when the software processes personal data or when compliance with privacy laws is necessary
2. Third-Party Software: Include when the licensed software incorporates third-party components or dependencies
3. Export Controls: Necessary when the software may be subject to export control regulations
4. Source Code Escrow: Optional section for when source code escrow arrangements are required for business continuity
5. Professional Services: Include when additional implementation or customization services are provided
6. Disaster Recovery: Required for business-critical software applications
7. Audit Rights: Include when the licensor needs rights to audit licensee's compliance
8. Insurance Requirements: Include for high-value or high-risk software implementations
1. Schedule 1 - Software Description: Detailed description of the licensed software, including components and specifications
2. Schedule 2 - License Fees: Detailed breakdown of license fees, payment schedules, and pricing terms
3. Schedule 3 - Service Level Agreement: Detailed service levels, response times, and performance metrics
4. Schedule 4 - Maintenance Services: Detailed description of maintenance and support services
5. Schedule 5 - Technical Requirements: Specifications of required technical environment and system requirements
6. Appendix A - Authorized Users: Definition and limitations of authorized users if applicable
7. Appendix B - Territory: Geographic limitations on use of software if applicable
Authors
Information Technology
Software Development
Financial Services
Healthcare
Retail
Manufacturing
Professional Services
Education
Government
Telecommunications
E-commerce
Insurance
Legal
Information Technology
Procurement
Compliance
Vendor Management
Software Asset Management
IT Operations
Contract Management
Risk Management
Information Security
Chief Technology Officer
IT Director
Chief Information Officer
Legal Counsel
Procurement Manager
Software Licensing Manager
IT Contract Manager
Commercial Director
Head of IT Operations
Software Asset Manager
Vendor Management Lead
Technology Procurement Specialist
IT Service Delivery Manager
Chief Legal Officer
IT Compliance Manager
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