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Proprietary Software License
"I need a Proprietary Software License agreement for licensing our new AI analytics platform to enterprise clients in Singapore, with specific provisions for data protection and cloud hosting requirements."
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. Grant of License: Scope and nature of the license being granted
5. License Restrictions: Explicit limitations on use of the software
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Payment Terms: License fees, payment schedule, and related terms
8. Term and Termination: Duration and conditions for ending the agreement
9. Governing Law: Specification of Singapore law as governing law
1. Support and Maintenance: Terms for technical support and updates - include when ongoing support is part of the license agreement
2. Service Level Agreement: Performance standards and metrics - include for cloud-based or hosted software
3. Data Protection: PDPA compliance provisions - include when personal data processing is involved
4. Export Controls: Export compliance requirements - include for international licensing
1. Schedule 1 - Software Description: Detailed technical specifications of the licensed software
2. Schedule 2 - License Fees: Detailed breakdown of pricing and payment terms
3. Schedule 3 - Support Services: Description of support and maintenance services if included
4. Schedule 4 - Service Levels: Detailed SLA metrics and requirements if applicable
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