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Software License Term Sheet

Software License Term Sheet Template for India

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Key Requirements PROMPT example:

Software License Term Sheet

"I need a Software License Term Sheet for enterprise-level ERP software to be deployed across our manufacturing facilities in India, with perpetual licensing for 500 users and including source code escrow provisions, planned for implementation in March 2025."

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Document background
The Software License Term Sheet is a crucial preliminary document used in Indian software licensing transactions to establish the framework for subsequent detailed agreements. It is typically employed when parties have reached initial commercial understanding but need to document key terms before proceeding with full legal documentation. The document captures essential elements such as license scope, fees, technical specifications, and basic obligations while considering Indian legal requirements under the IT Act 2000, Copyright Act 1957, and Contract Act 1872. This term sheet serves as a roadmap for attorneys drafting the final agreement and helps stakeholders align on fundamental terms early in the transaction process.
Suggested Sections

1. Parties: Identification of the licensor and licensee, including full legal names and addresses

2. Background: Brief context of the software licensing arrangement and relationship between the parties

3. Definitions: Key terms used in the term sheet including Software, Licensed Users, Territory, etc.

4. License Grant: Scope of the license including type (exclusive/non-exclusive), territory, and permitted uses

5. License Fee: Commercial terms including license fees, payment schedule, and any recurring charges

6. Term and Renewal: Duration of the license and renewal terms

7. Support and Maintenance: Basic terms of technical support and maintenance services

8. Key Restrictions: Fundamental restrictions on use, modification, and distribution of the software

9. Intellectual Property: Basic IP ownership and protection terms

10. Confidentiality: Basic confidentiality obligations

11. Non-Binding Nature: Statement clarifying which terms are binding/non-binding in the term sheet

Optional Sections

1. Third Party Software: Include when the software incorporates third-party components requiring specific terms

2. Source Code Escrow: Include when source code escrow arrangements are required

3. Data Protection: Include when the software processes personal data

4. Professional Services: Include when additional implementation or customization services are required

5. Hardware Requirements: Include when specific hardware is required for software operation

6. Service Levels: Include when specific performance metrics are crucial

7. Export Control: Include for international licensing arrangements

8. Disaster Recovery: Include for business-critical software applications

Suggested Schedules

1. Software Description: Technical description of the software, including modules and functionality

2. Commercial Terms: Detailed pricing structure, payment terms, and commercial conditions

3. Service Levels: Performance metrics and service level commitments

4. Support Services: Details of support and maintenance services

5. Licensed Users: Categories and numbers of authorized users

6. Implementation Timeline: Key dates and milestones for software implementation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























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Relevant Industries

Information Technology

Banking and Financial Services

Healthcare

Manufacturing

Retail

Telecommunications

Education

Government

Professional Services

E-commerce

Media and Entertainment

Automotive

Insurance

Relevant Teams

Legal

Information Technology

Procurement

Finance

Compliance

Information Security

Software Asset Management

Vendor Management

Commercial

Risk Management

Solution Architecture

Business Development

Relevant Roles

Chief Technology Officer

IT Director

Software Procurement Manager

Legal Counsel

Contract Manager

Chief Information Officer

Software License Manager

Vendor Relationship Manager

IT Procurement Specialist

Commercial Director

Technology Risk Manager

Information Security Officer

Software Asset Manager

Business Development Manager

Solution Architect

Industries







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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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