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Software License And Support Agreement
"I need a Software License And Support Agreement for my enterprise SaaS platform that will be licensed to banks in Singapore, with strict data protection provisions and 24/7 support requirements, planned to launch in March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope, terms, and restrictions of the software license
5. Support Services: Description of support and maintenance services
6. Fees and Payment: License and support fees, payment terms
7. Intellectual Property Rights: Ownership and protection of IP
8. Term and Termination: Duration and termination conditions
1. Service Level Agreement: Specific performance metrics and service levels (for enterprise-level agreements with specific performance requirements)
2. Professional Services: Additional consulting or implementation services (when additional services beyond standard support are offered)
3. Source Code Escrow: Terms for source code protection and release (for critical enterprise applications or when requested by licensee)
1. Schedule 1 - Licensed Software: Detailed description of licensed software components
2. Schedule 2 - Support Services Description: Detailed support terms, SLAs, and procedures
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees and payment terms
4. Schedule 4 - Technical Requirements: System requirements and technical specifications
5. Appendix A - Data Processing Agreement: PDPA compliance terms and data handling procedures
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