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Limited Use License Agreement
"I need a Limited Use License Agreement for my software company in Singapore to grant a 12-month license to a financial institution, allowing them to use our proprietary trading algorithm on up to 50 workstations starting March 2025."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and brief description of the licensed material
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted and scope of permitted use
5. Restrictions on Use: Explicit limitations and prohibited actions
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Term and Termination: Duration of license and termination conditions
8. Governing Law: Specification of Singapore law as governing law
1. Payment Terms: Financial terms for paid licenses, including payment schedule, currency, and payment methods
2. Support and Maintenance: Terms for technical support, updates, and maintenance services for software licenses
3. Data Protection: PDPA compliance terms and data processing obligations
4. Export Control: Export restrictions and compliance requirements for international use
1. Schedule 1 - Licensed Material: Detailed description of licensed content/software including specifications and version details
2. Schedule 2 - Technical Specifications: Technical requirements, compatibility specifications, and system requirements
3. Schedule 3 - Fee Schedule: Detailed pricing structure, payment terms, and fee calculations if applicable
4. Schedule 4 - Acceptable Use Policy: Comprehensive terms of acceptable use, including prohibited activities and usage restrictions
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