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Software Source Code Purchase Agreement
"Need a Software Source Code Purchase Agreement for acquiring proprietary trading algorithm source code from a Singapore-based fintech company, including comprehensive IP rights transfer and security compliance requirements, with completion targeted for March 2025."
1. Parties: Identification of buyer and seller with full legal details
2. Background: Context of the transaction and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including price and payment
5. Delivery and Acceptance: Terms for code delivery and acceptance testing
6. IP Rights Transfer: Terms of intellectual property transfer
7. Warranties: Seller's warranties regarding the source code
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Escrow Arrangements: Source code escrow terms for ensuring ongoing access protection
2. Training: Terms for knowledge transfer and technical training services
3. Maintenance: Ongoing maintenance and support services terms
4. Export Controls: Export compliance provisions for international transfers
1. Schedule 1 - Software Description: Detailed technical specification of the source code
2. Schedule 2 - Acceptance Tests: Specific acceptance testing procedures and criteria
3. Schedule 3 - Documentation: List of required technical documentation
4. Schedule 4 - Price and Payment Schedule: Detailed payment terms and milestones
5. Schedule 5 - Third-Party Components: List of third-party software components and licenses
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