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Non Exclusive Software Licence Agreement
"I need a Non Exclusive Software Licence Agreement for my AI analytics software that will be licensed to multiple enterprise customers in the UK financial sector, with specific provisions for data protection and regular software updates starting from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted
5. Licence Fees: Payment terms and fee structure
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Warranties and Representations: Standard warranties regarding software ownership and performance
8. Limitation of Liability: Limits on parties' liability
9. Term and Termination: Duration and termination provisions
1. Maintenance and Support: Terms for ongoing support services - include when support services are part of the licence
2. Data Protection: GDPR and data protection obligations - include when software processes personal data
3. Source Code Escrow: Terms for source code protection - include when source code access might be required
4. Territory Restrictions: Geographical limitations on use - include when licence is territory-specific
1. Schedule 1 - Software Description: Detailed technical specifications of the software
2. Schedule 2 - Licence Fees: Detailed breakdown of fees and payment terms
3. Schedule 3 - Service Level Agreement: Performance metrics and service levels
4. Schedule 4 - Technical Requirements: Hardware/software requirements for operation
5. Schedule 5 - Permitted Users: List of authorized users or user categories
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