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Ela Enterprise License Agreement
"Need an ELA Enterprise License Agreement for our Singapore-based fintech company to license our trading software platform to a major bank, including source code escrow provisions and strict data protection requirements, with implementation starting March 2025."
1. Parties: Identification of contracting parties including registered addresses and company details
2. Background: Context of the agreement and brief description of the software/services being licensed
3. Definitions: Key terms used throughout the agreement including Software, Licensed Materials, Authorized Users, etc.
4. License Grant: Scope of license, usage rights, and restrictions
5. Fees and Payment: License fees, payment terms, and renewal costs
6. Intellectual Property Rights: Ownership of IP and protection measures
7. Confidentiality: Protection of confidential information and trade secrets
8. Term and Termination: Duration, renewal, and termination conditions
1. Professional Services: Terms for implementation and customization services when professional services are part of the deal
2. Service Levels: Performance metrics and service standards for cloud-based or hosted solutions
3. Data Protection: PDPA compliance and data handling requirements when personal data processing is involved
4. Source Code Escrow: Terms for source code access and protection for business-critical applications
1. Schedule 1 - Licensed Software: Detailed description of licensed software components
2. Schedule 2 - Service Level Agreement: Detailed service levels and performance metrics
3. Schedule 3 - Support and Maintenance: Support services scope and procedures
4. Schedule 4 - Professional Services: Scope of implementation and customization services
5. Schedule 5 - Pricing and Payment Terms: Detailed pricing structure and payment schedules
6. Schedule 6 - Data Processing Agreement: Detailed data protection and processing terms
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