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Perpetual Software License

Perpetual Software License Template for Nigeria

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Key Requirements PROMPT example:

Perpetual Software License

"I need a Perpetual Software License agreement for my Nigerian fintech startup to license accounting software to be used by 50 employees at our Lagos office, with implementation planned for March 2025."

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This Perpetual Software License agreement template is designed for use in software licensing transactions governed by Nigerian law, where a permanent, non-revocable license is being granted to use specific software products. The document incorporates requirements from Nigerian legislation, including the Copyright Act, Data Protection Regulation, and Federal Competition and Consumer Protection Act. It is particularly suitable for enterprise-level software deployments where the licensee requires long-term certainty of software usage rights. The agreement includes comprehensive provisions for intellectual property protection, technical specifications, support services, and compliance requirements, while addressing specific Nigerian legal and regulatory considerations.
Suggested Sections

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

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

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

4. Grant of License: Scope of the perpetual license, permitted uses, and any territorial restrictions

5. License Fees: Payment terms, including initial license fees and any ongoing charges

6. Intellectual Property Rights: Confirmation of ownership and protection of IP rights in the software

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

8. Technical Requirements: Minimum system requirements and technical specifications

9. Warranties and Representations: Warranties regarding software performance, ownership, and non-infringement

10. Support and Updates: Terms for ongoing technical support and software updates

11. Confidentiality: Protection of confidential information exchanged between parties

12. Limitation of Liability: Limitations on liability and exclusions of damages

13. Term and Termination: Duration of the agreement and grounds for termination despite perpetual nature

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

Optional Sections

1. Professional Services: Terms for additional implementation or consulting services, if required

2. Hardware Requirements: Specific hardware requirements or restrictions, if applicable

3. Third-Party Software: Terms relating to third-party software components, if included

4. Data Protection: Specific data protection and privacy terms if software processes personal data

5. Export Controls: Export restriction clauses if software is subject to export controls

6. Source Code Escrow: Terms for source code escrow arrangements if agreed

7. Service Level Agreement: Specific performance levels and metrics, if applicable

8. Training: Terms for user training and documentation if included in the license

Suggested Schedules

1. Schedule 1 - Software Description: Detailed description of the licensed software and its components

2. Schedule 2 - Technical Specifications: Detailed technical specifications and system requirements

3. Schedule 3 - License Fees: Detailed breakdown of license fees and payment terms

4. Schedule 4 - Support Services: Description of support services and service levels

5. Schedule 5 - Authorized Users: Definition and number of authorized users if license is user-based

6. Appendix A - Installation Guide: Technical documentation for software installation

7. Appendix B - Acceptable Use Policy: Detailed rules and restrictions for software usage

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



















































Clauses







































Relevant Industries

Information Technology

Banking and Financial Services

Healthcare

Manufacturing

Retail

Telecommunications

Education

Government and Public Sector

Oil and Gas

Professional Services

Agriculture

Construction

Transportation and Logistics

Insurance

Relevant Teams

Legal

Information Technology

Procurement

Finance

Compliance

Information Security

Operations

Risk Management

Vendor Management

Software Development

Technical Operations

Relevant Roles

Chief Technology Officer

Chief Information Officer

IT Director

Legal Counsel

Procurement Manager

Software Asset Manager

Compliance Officer

Information Security Manager

Finance Director

Operations Director

Contract Manager

Technology Risk Manager

Chief Financial Officer

Chief Operations Officer

IT Infrastructure Manager

Industries








Teams

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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