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This Lifetime Software License agreement is designed for situations where a perpetual, non-revocable license is required for software use in Malaysia. It is particularly suitable for business-critical software implementations where the licensee needs guaranteed long-term access to the software without recurring license fees. The agreement covers essential aspects such as intellectual property rights, usage parameters, technical specifications, and support terms, while ensuring compliance with Malaysian legislation. This type of license is typically used for stable, mature software products where both parties benefit from a one-time transaction rather than a subscription model. The document includes provisions for software updates, technical support (if applicable), and circumstances under which the license may be terminated despite its perpetual nature, such as material breach or intellectual property infringement.
