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Restrictive Software License
"I need a Restrictive Software License agreement for my AI-powered financial analysis software that will be licensed to banks in Switzerland only, with strict usage limitations preventing reverse engineering and requiring quarterly compliance audits."
1. Parties: Identification of the licensor and licensee, including full legal names, registration details, and addresses
2. Background: Context of the agreement, description of the software, and the parties' intention to enter into a restrictive licensing arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including Software, Documentation, Intellectual Property Rights, and Restricted Use
4. Grant of License: Specific, limited grant of rights to use the software, clearly stating all restrictions and limitations
5. License Restrictions: Explicit list of prohibited activities, usage limitations, and territorial restrictions
6. Intellectual Property Rights: Assertion of ownership rights, protection of IP, and handling of derivative works
7. Payment Terms: License fees, payment schedule, and consequences of payment default
8. Protection Measures: Technical protection measures, monitoring rights, and audit provisions
9. Confidentiality: Protection of confidential information and trade secrets
10. Term and Termination: Duration of the license, termination grounds, and post-termination obligations
11. Warranties and Disclaimers: Limited warranties provided and disclaimer of other warranties
12. Liability and Indemnification: Limitation of liability and indemnification obligations
13. General Provisions: Standard provisions including governing law, jurisdiction, entire agreement, and amendment procedures
1. Source Code Escrow: Terms for source code escrow arrangements, used when licensee requires additional security
2. Support and Maintenance: Terms for technical support and maintenance services, if offered separately
3. Data Protection: Specific data protection provisions, required if the software processes personal data
4. Export Control: Export restriction provisions, needed for international licensing
5. Third-Party Software: Provisions regarding third-party components, if the software includes such elements
6. Service Level Agreement: Performance standards and metrics, relevant for cloud-based or hosted software
7. Installation and Training: Terms for implementation services and user training, if provided
1. Software Description: Detailed technical specification of the licensed software
2. License Fees: Detailed breakdown of license fees and payment terms
3. Authorized Users: List of authorized users or user categories and their access rights
4. Technical Requirements: Minimum system requirements and technical specifications
5. Support Terms: Detailed support and maintenance terms, if applicable
6. Restricted Territories: List of territories where usage is restricted or prohibited
7. Audit Procedures: Detailed procedures for conducting compliance audits
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