Shared Software License

Shared Software License Template for United States

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Key Requirements PROMPT example:

"Need a Shared Software License agreement for our AI analytics platform that will be used by our main office and three subsidiary companies, with specific provisions for data protection and user access controls to be implemented by March 2025."

Document background

The Shared Software License agreement is utilized when organizations need to establish legal parameters for multiple users to access and utilize licensed software. This contract type is essential for businesses implementing shared software solutions across departments or organizations. It addresses key aspects including usage rights, restrictions, liability, and compliance with U.S. federal and state regulations. The document is particularly relevant in situations requiring clear delineation of sharing permissions while protecting the software provider's intellectual property rights.

Suggested Sections

1. Parties: Identification of all parties entering into the license agreement

2. Background: Context of the agreement and basic information about the software

3. Definitions: Key terms used throughout the agreement

4. License Grant: Scope and nature of the license being granted

5. Use Restrictions: Limitations on how the software can be used and shared

6. Intellectual Property Rights: Declaration of ownership and IP rights

7. Term and Termination: Duration of license and conditions for termination

Optional Sections

1. Support and Maintenance: Terms for ongoing technical support services and maintenance obligations

2. Service Level Agreement: Performance metrics and service standards for software availability and performance

3. Export Controls: Compliance requirements with U.S. export regulations and international trade laws

Suggested Schedules

1. Technical Specifications: Detailed technical information about the software including system requirements and functionality

2. Pricing Schedule: License fees, payment terms, and any additional costs

3. Authorized Users: Comprehensive list of permitted users or user categories and their access rights

4. Service Level Metrics: Detailed performance standards, metrics, and measurement methodologies

5. Security Requirements: Specific security protocols, requirements, and compliance standards

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

Relevant legal definitions

Agreement
Affiliate

Confidential Information

Effective Date
Intellectual Property Rights

Licensed Software

Term
Territory

User Data

Clauses

Relevant Industries

Technology
Professional Services
Healthcare
Education
Financial Services

Relevant Teams

Legal
Information Technology
Procurement
Finance
Compliance

Relevant Roles

Chief Technology Officer
IT Director
Legal Counsel
Procurement Manager
Software Asset Manager

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Shared Software License Template for United States

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