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Business Software License
"Need a Business Software License agreement for our new cloud-based accounting software that we'll be licensing to Singapore-based SMEs from January 2025, with particular focus on data protection compliance and usage restrictions."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope and nature of the software license
5. License Restrictions: Limitations on use and prohibited activities
6. Fees and Payment: License fees, payment terms, and conditions
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Term and Termination: Duration and termination conditions
9. Warranties and Disclaimers: Software warranties and liability limitations
1. Service Level Agreement: Performance metrics and support levels for ongoing support services
2. Data Protection: PDPA compliance requirements for personal data processing
3. Source Code Escrow: Source code access conditions for business-critical software
4. Training and Implementation: Training and deployment services when implementation is included
1. Schedule 1 - Software Description: Detailed technical specifications and functionality
2. Schedule 2 - License Fees: Detailed fee structure and payment schedule
3. Schedule 3 - Support Services: Maintenance and support terms
4. Schedule 4 - Acceptable Use Policy: Detailed usage guidelines and restrictions
5. Schedule 5 - Data Processing Agreement: PDPA compliance details for personal data processing
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