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Private Software License

Private Software License Template for Saudi Arabia

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Key Requirements PROMPT example:

Private Software License

"I need a Private Software License agreement for licensing our AI-powered financial analytics software to banks in Saudi Arabia, with specific provisions for data security, cloud hosting compliance, and integration with Islamic banking systems, planned for deployment in March 2025."

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Document background
This Private Software License agreement is essential for organizations seeking to license software products within Saudi Arabia's jurisdiction. It provides a comprehensive framework for software licensing transactions while ensuring compliance with Saudi Arabian laws, regulations, and Sharia principles. The document is particularly relevant when establishing commercial software licensing arrangements between providers and users, covering crucial aspects such as usage rights, intellectual property protection, payment terms, and compliance requirements. It incorporates specific provisions required under Saudi Arabian Electronic Transactions Law, Copyright Law, and data protection regulations, making it suitable for both domestic and international software licensing transactions within the Kingdom.
Suggested Sections

1. Parties: Identification of the licensor and licensee, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, brief description of the software, and purpose of the license

3. Definitions: Detailed definitions of technical terms, software components, and key concepts used throughout the agreement

4. License Grant: Scope of the license, usage rights, and restrictions on use of the software

5. License Fees and Payment: Financial terms, payment schedule, and currency specifications

6. Intellectual Property Rights: Declaration of ownership rights, protection of IP, and restrictions on modification

7. Confidentiality: Protection of confidential information and trade secrets

8. Warranties and Representations: Software performance guarantees and compliance with Saudi law

9. Limitation of Liability: Extent and limitations of liability under Saudi law

10. Term and Termination: Duration of license, renewal terms, and termination conditions

11. Governing Law and Jurisdiction: Specification of Saudi law application and dispute resolution mechanisms

12. General Provisions: Standard clauses including force majeure, notices, and assignment rights

Optional Sections

1. Data Protection and Privacy: Required if the software processes personal data, ensuring compliance with Saudi data protection laws

2. Source Code Escrow: Optional provision for source code protection and access under specific conditions

3. Professional Services: Include if implementation, training, or support services are part of the agreement

4. Service Level Agreement: Required for software with uptime commitments or performance guarantees

5. Third-Party Software: Include if the software incorporates third-party components

6. Export Control: Required if the software is subject to international trade restrictions

7. Disaster Recovery: Include for business-critical software applications

8. Shariah Compliance Declaration: Optional detailed section confirming compliance with Islamic principles

Suggested Schedules

1. Schedule 1 - Software Description: Detailed technical specifications and functionality of the licensed software

2. Schedule 2 - License Fees: Detailed breakdown of license fees, payment terms, and calculation methods

3. Schedule 3 - Technical Requirements: Hardware, software, and network requirements for running the software

4. Schedule 4 - Support and Maintenance: Details of support services, response times, and maintenance terms

5. Schedule 5 - Information Security Requirements: Security standards and compliance requirements

6. Appendix A - Authorized Users: Definition and limitations of authorized software users

7. Appendix B - Acceptance Testing: Criteria and procedures for software acceptance

8. Appendix C - Data Processing Terms: Specific terms for handling and processing data if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Information Technology

Financial Services

Healthcare

Education

Manufacturing

Retail

Telecommunications

Professional Services

Government Services

Oil and Gas

Construction

Banking

Insurance

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Relevant Teams

Legal

Information Technology

Procurement

Compliance

Information Security

Finance

Risk Management

Operations

Software Development

Commercial

Vendor Management

Corporate Affairs

Technical Operations

Business Development

Relevant Roles

Chief Technology Officer

IT Director

Legal Counsel

Procurement Manager

Software Development Manager

Compliance Officer

Chief Information Officer

Commercial Director

Legal Director

IT Security Manager

Contract Manager

Business Development Manager

Software Asset Manager

Technology Operations Manager

Risk Management Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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