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Perpetual License Agreement
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the licensed product/software
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Grant of License: Scope and nature of the perpetual license, including usage rights and restrictions
5. License Fee: Payment terms, including initial license fee and any ongoing maintenance fees
6. Intellectual Property Rights: Ownership of IP and protection of licensor's rights
7. Licensee Obligations: Key responsibilities and restrictions on the licensee's use of the licensed product
8. Technical Support and Maintenance: Terms of ongoing support and maintenance services
9. Warranties and Representations: Warranties regarding the licensed product and disclaimer of warranties
10. Limitation of Liability: Limitations on liability and exclusions of damages
11. Confidentiality: Protection of confidential information exchanged between parties
12. Term and Termination: Duration of agreement and circumstances allowing termination despite perpetual nature
13. Effects of Termination: Consequences of agreement termination and surviving provisions
14. Force Majeure: Circumstances excusing performance of obligations
15. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
16. Signature Page: Execution blocks for all parties
1. Data Protection: Required if personal data processing is involved, ensuring GDPR compliance
2. Source Code Escrow: Optional protection for licensee through source code escrow arrangements
3. Training Services: Terms for initial or ongoing training provided by licensor
4. Implementation Services: Terms for installation and implementation if provided by licensor
5. Export Control: Required if the licensed product is subject to export control regulations
6. Audit Rights: Licensor's rights to audit licensee's use of the licensed product
7. Insurance: Insurance requirements for either party
8. Service Level Agreement: Detailed service levels for support and maintenance if applicable
1. Schedule 1 - Licensed Product Specification: Detailed technical specifications of the licensed product
2. Schedule 2 - License Fees: Detailed breakdown of all applicable fees and payment terms
3. Schedule 3 - Support and Maintenance Services: Detailed description of support and maintenance services
4. Schedule 4 - Service Level Agreement: Specific service levels and performance metrics
5. Schedule 5 - Approved Sub-licensees: List of approved sub-licensees if applicable
6. Schedule 6 - Technical Requirements: Minimum technical requirements for using the licensed product
7. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms if applicable
8. Appendix B - Security Requirements: Security standards and requirements for the licensed product
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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
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.