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Software Term License
"I need a Software Term License agreement for an enterprise-level CRM system that we'll be licensing to Fortune 500 companies, with specific provisions for multi-user access and data protection compliance across different jurisdictions."
1. Parties: Identification of licensor and licensee, including legal entities and contact details
2. Background: Context of the agreement and brief description of the software being licensed
3. Definitions: Key terms used throughout the agreement including Software, Documentation, Intellectual Property Rights, etc.
4. License Grant: Scope and nature of the license, including usage rights and restrictions
5. Term and Termination: Duration of the license and conditions for termination
6. Fees and Payment: License fees, payment terms, and related financial obligations
7. Intellectual Property Rights: Ownership and protection of IP rights in the software
8. Warranties and Disclaimers: Standard warranties and limitations of liability
9. Confidentiality: Protection of confidential information exchanged
1. Support and Maintenance: Terms for technical support and software updates - include when ongoing support services are part of the agreement
2. Service Levels: Performance standards and metrics - include for cloud-based or hosted software
3. Data Protection: Provisions for handling personal data - include when personal data processing is involved
4. Export Controls: Compliance with export regulations - include when software may be exported internationally
5. Source Code Escrow: Terms for source code protection - include for business-critical software implementations
1. Software Description Schedule: Detailed technical specifications of the licensed software
2. Fee Schedule: Detailed breakdown of license fees and payment terms
3. Service Level Agreement: Detailed performance metrics and service standards
4. Support Services Description: Details of support and maintenance services
5. Acceptable Use Policy: Rules and restrictions for software usage
6. Data Processing Agreement: Terms for handling personal data if applicable
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