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Product License
"I need a Product License agreement under Singapore law for my enterprise software solution, which will be licensed to financial institutions in Southeast Asia starting March 2025, with specific clauses for data protection and API usage restrictions."
1. Parties: Identifies the licensor and licensee with full legal details
2. Background: Context of the license agreement and product description
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope and nature of the license being granted
5. License Restrictions: Limitations and prohibited uses of the licensed product
6. Payment Terms: License fees, payment schedule, and related terms
7. Intellectual Property Rights: Protection of IP rights and ownership declarations
8. Warranties and Representations: Warranties provided by licensor and disclaimers
9. Term and Termination: Duration of license and termination conditions
10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction
1. Territory Restrictions: Geographic limitations on license use - include when license is restricted to specific regions
2. Maintenance and Support: Terms for ongoing product support and updates - include when offering technical support services
3. Export Controls: Export compliance requirements - include when product may be subject to export regulations
4. Data Protection: PDPA compliance requirements - include when personal data processing is involved
5. Source Code Escrow: Terms for source code protection - include for software products with critical business applications
1. Schedule 1 - Product Specifications: Detailed technical specifications of the licensed product
2. Schedule 2 - Price List: Detailed pricing structure and payment terms
3. Schedule 3 - Service Level Agreement: Support and maintenance terms if applicable
4. Schedule 4 - Acceptable Use Policy: Detailed terms of acceptable product usage
5. Schedule 5 - Data Processing Agreement: Terms governing the processing of personal data under PDPA
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