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Permanent Software License
"I need a Permanent Software License agreement for my enterprise-level data analytics software that will be licensed to financial institutions in the US, with specific provisions for data security compliance and source code escrow arrangements."
1. Parties: Identification of licensor and licensee, including legal entities and addresses
2. Background: Context of the agreement and brief description of the software being licensed
3. Definitions: Key terms used throughout the agreement including Software, Documentation, Intellectual Property Rights
4. License Grant: Scope and nature of the software license, including usage rights and restrictions
5. Intellectual Property Rights: Ownership of IP and protection of rights
6. Payment Terms: License fees and payment conditions
7. Warranties and Disclaimers: Software warranties and limitations
8. Limitation of Liability: Caps on liability and exclusions
9. Term and Termination: Duration and conditions for termination
10. Governing Law: Applicable law and jurisdiction
1. Export Controls: Required if software may be exported internationally
2. Source Code Escrow: Terms for source code protection and access conditions for enterprise-critical software
3. Data Protection: Privacy and data handling provisions for software processing personal data
4. Professional Services: Terms for additional implementation and consulting services
5. Service Level Agreement: Performance standards and metrics for cloud-based software
1. Schedule 1 - Software Description: Detailed description of licensed software and components
2. Schedule 2 - Technical Requirements: Hardware and software requirements for operation
3. Schedule 3 - Support and Maintenance Terms: Details of support services and maintenance obligations
4. Schedule 4 - License Fees: Detailed pricing structure and payment terms
5. Schedule 5 - Acceptable Use Policy: Rules and restrictions for software usage
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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