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Lifetime Software License
"I need a Lifetime Software License agreement for our company's proprietary accounting software, to be licensed to a major bank in Karachi, with provisions for unlimited users and source code escrow arrangements under Pakistani law."
1. Parties: Identification of the licensor and licensee with full legal names and addresses
2. Background: Context of the agreement, nature of the software, and basis for the lifetime license
3. Definitions: Detailed definitions of key terms including Software, Documentation, Intellectual Property Rights, and Lifetime License
4. Grant of License: Explicit terms of the perpetual license grant, including scope, territory, and usage rights
5. License Restrictions: Specific restrictions on use, copying, modification, and distribution of the software
6. Intellectual Property Rights: Confirmation of ownership and protection of IP rights in the software
7. Delivery and Installation: Terms for software delivery, installation procedures, and system requirements
8. Security and Access: Requirements for securing the software and managing access controls
9. Warranties and Representations: Warranties regarding software ownership, performance, and compliance with laws
10. Limitation of Liability: Limitations on liability and disclaimers consistent with Pakistani law
11. Indemnification: Mutual indemnification obligations for various risks and claims
12. Termination: Limited circumstances under which the lifetime license may be terminated
13. Post-Termination: Obligations and rights of parties after any termination
14. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
1. Maintenance and Support: Terms for ongoing technical support and maintenance - optional if offered separately
2. Updates and Upgrades: Terms for providing software updates - include if updates are part of the lifetime license
3. Source Code Escrow: Provisions for source code escrow - relevant for business-critical applications
4. Export Compliance: Export control regulations - needed if international use is contemplated
5. Data Protection: Data protection and privacy terms - required if software processes personal data
6. Audit Rights: Right to audit licensee's use - important for complex enterprise deployments
7. Assignment: Terms for assignment of license - relevant for corporate licensees
8. Insurance: Insurance requirements - important for high-value or critical software
1. Schedule 1 - Software Description: Detailed technical specification of the software, including version numbers and components
2. Schedule 2 - License Parameters: Specific parameters of the license including number of users, locations, etc.
3. Schedule 3 - Technical Requirements: Minimum system requirements and technical specifications
4. Schedule 4 - Support Services: Details of any included support services and service levels
5. Appendix A - Acceptable Use Policy: Detailed acceptable use terms and conditions
6. Appendix B - Security Requirements: Specific security requirements and protocols to be followed
Authors
Information Technology
Banking and Finance
Healthcare
Manufacturing
Retail
Education
Telecommunications
Professional Services
Government and Public Sector
Energy and Utilities
Defense and Security
E-commerce
Media and Entertainment
Transportation and Logistics
Legal
Information Technology
Procurement
Compliance
Information Security
Risk Management
Finance
Operations
Software Development
Technical Support
Contract Administration
Chief Technology Officer
Legal Counsel
IT Director
Software Procurement Manager
Compliance Officer
Information Security Manager
Contract Administrator
Technology Risk Manager
Software Asset Manager
Enterprise Architect
Chief Information Officer
Procurement Director
Legal Operations Manager
IT Operations Manager
Chief Financial Officer
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