Legal Contract Software Licensing Agreement
Legal Contract Software Licensing Agreement
This Software Licensing Agreement ("Agreement") is entered into as of the Date by and between [Your Company Name], a corporation organized and existing under the laws of [State and Country] with offices at [Your Company Address] (hereinafter, "Licensor"), and [Your Partner Company Name / Second Party], a corporation organized and existing under the laws of [State and Country] with offices at [Second Party Address] (hereinafter, the "Licensee").
RECITALS
WHEREAS, Licensor owns all rights and interests to a certain proprietary software product known as the [Software Name] ("Software"), and WHEREAS, Licensee wishes to use the Software in its business operations. NOW, THEREFORE, in consideration of the mutual promises set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows:
LICENSING RIGHTS AND RESTRICTIONS
Licensor hereby grants the Licensee a non-exclusive, non-transferable right to use, copy, execute, and display the Software for its internal business purposes, in accordance with the terms and conditions of this Agreement. No other rights in the Software are given to Licensee. Licensee will not use, copy, modify, or transfer the Software, in whole or in part, except as expressly provided for in this Agreement.
PAYMENT
As part of the terms for the rights that have been granted in this agreement, the Licensee is required to make a payment to the Licensor. This payment represents a one-time licensing fee, the amount of which has been set at [$ 0]. The Licensee is required to fulfill this financial obligation by making the designated payment at the time this Agreement is executed. The payment, once made, will be considered as duly performed and discharged.
TERMINATION
This Agreement shall commence upon the Effective Date and continue in full force and effect for a term of [0] unless terminated earlier by either party with no less than [0] of written notice.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives as of the [Month Day, Year].
[Your Name]
[Your Company Name]
[Month Day, Year]
[Your Partner's Name]
[Your Partner Company Name / Second Party]
[Month Day, Year]
