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Lifetime Software License Template for Nigeria

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Key Requirements PROMPT example:

Lifetime Software License

"I need a Lifetime Software License agreement for my AI-powered accounting software being licensed to a large Nigerian bank, with specific provisions for source code escrow and 24/7 technical support starting March 2025."

Document background
This Lifetime Software License agreement template is designed for use under Nigerian law when a software provider wishes to grant permanent, perpetual rights to use their software in exchange for a one-time fee. The document is particularly relevant for business-critical software implementations where the licensee requires long-term certainty of software usage rights. It includes essential provisions required by Nigerian legislation, including compliance with the Copyright Act, Consumer Protection Act, and Nigeria Data Protection Regulation. The agreement comprehensively covers intellectual property rights, usage terms, support arrangements, and liability provisions, making it suitable for both Nigerian and international software deployments within Nigerian jurisdiction.
Suggested Sections

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

2. Background: Context of the agreement, brief description of the software, and purpose of the license

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Grant of License: Scope of the perpetual license, including usage rights, restrictions, and territories

5. License Fee: One-time payment terms and conditions for the lifetime license

6. Intellectual Property Rights: Confirmation of licensor's ownership and protection of IP rights

7. Licensee Obligations: Key responsibilities and restrictions on the licensee's use of the software

8. Technical Support and Maintenance: Terms of ongoing support, if any, and associated costs

9. Warranties and Representations: Licensor's warranties regarding software ownership, performance, and compliance

10. Limitation of Liability: Limits on licensor's liability and disclaimers

11. Confidentiality: Protection of confidential information exchanged between parties

12. Term and Termination: Duration of the agreement and conditions for termination in case of breach

13. Post-Termination: Rights and obligations of parties after termination for breach

14. General Provisions: Standard legal clauses including governing law, notices, and assignment

Optional Sections

1. Source Code Escrow: Terms for source code protection and access conditions - used when source code access might be required

2. Third-Party Software: Details of incorporated third-party software and associated terms - used when the software includes third-party components

3. Data Protection: Specific data protection and privacy terms - used when software processes personal data

4. Export Controls: Export regulation compliance - used for international licensing

5. Professional Services: Terms for additional implementation or training services - used when professional services are included

6. Service Level Agreement: Performance standards and metrics - used when ongoing performance guarantees are required

Suggested Schedules

1. Schedule 1 - Software Description: Detailed technical specifications and functionality of the licensed software

2. Schedule 2 - License Fee: Detailed breakdown of the one-time license fee and payment terms

3. Schedule 3 - Technical Support Terms: Detailed support and maintenance terms, response times, and service levels

4. Schedule 4 - Authorized Users: Definition and limitations of authorized users and usage parameters

5. Appendix A - Acceptable Use Policy: Detailed guidelines for acceptable use of the software

6. Appendix B - Technical Requirements: Minimum system requirements and technical specifications for software operation

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

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Relevant Industries

Information Technology

Banking and Financial Services

Healthcare

Education

Manufacturing

Retail

Professional Services

Government

Telecommunications

Energy and Utilities

Construction

Transportation and Logistics

Relevant Teams

Legal

Information Technology

Procurement

Finance

Compliance

Software Development

Enterprise Architecture

Operations

Risk Management

Vendor Management

Relevant Roles

Chief Technology Officer

Legal Counsel

IT Director

Software Licensing Manager

Procurement Manager

Chief Information Officer

Contract Manager

IT Procurement Specialist

Legal Operations Manager

Chief Financial Officer

Technology Compliance Officer

IT Asset Manager

Software Development Manager

Enterprise Architect

Business Development Manager

Industries






Teams

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