To simplify, a software license agreement is an agreement between your company and your customers on the use of the software over which you have the rights. It allows your customers to use your software and provide accurate details on how they can use it. The software license agreement describes in detail where customers can install it, how and how often it can be installed. In addition, it should answer any questions your customers may have about their ability to copy, modify or redistribute it. The prices and royalties of the software can also be detailed in this agreement. A software license agreement is something you want to have to protect yourself or from copyright infringement. In some software licensing agreements, licensees negotiate acceptance rules with certain corrective measures when the software does not meet or comply with the criteria. Licensees oppose acceptance tests and generally believe that their performance or compliance assurance is all that is necessary. Guarantees mean nothing without appropriate corrective measures. Corrective measures in the event of an infringement must be properly described. A lawyer can help you determine what corrective action may be appropriate. However, for some transactions, acceptance tests may be appropriate, for example.
B if significant adjustments are made (see below) to allow the licensee to use the software or integrate it into its entire IT environment. In the case of the use of acceptance tests, performance and compliance guarantees as well as support and maintenance costs are more likely to be used during acceptance than when executing the software license agreement. Access to Harvard`s innovations should be as simple as possible. Our licensing agreements are fair and reasonable, and experienced OTD employees will work with you to help you achieve your business goals. To give you an idea of how these licenses are taking shape, we are pleased to provide you with a series of illustrating examples. If you have any questions about these examples, please contact us. Most licensees want compensation and additional measures to be used as the licensee`s exclusive remedy in the event of infringement of intellectual property and rights. Some licensees do not accept exclusive remedies for infringements and expect to have all recourse under the software licensing agreement. When assessing these provisions, there are a certain things that need to be taken into account: 13. The holder of the INSURANCE (Intellectual Property Co.) licensee receives and maintains, for the duration of the contract, at its own expense and at its own expense, a qualified insurance company licensed for its activities in [the State] and with a Moody`s rating of B- or a liability insurance of the standard product of better quality, which manages the licenseee (Patent Technology) and its executive employees , directors, employees, representatives and shareholders are listed as additional policyholders. This Directive protects against, or use, all claims, claims and means resulting from defects or non-compliance with the technology or any equipment used in connection with it.
The amount of the guarantee must be indicated in accordance with Schedule A. The policy contains a notification of the insurer`s delay by the insurer by registered or authenticated mail, accused of return, in case of change, cancellation or termination of the insurer. The Licensee (Intellectual Property Co.) undertakes to notify the licensee (Patent Technology Inventor) of an insurance certificate within [numbers] of days following the execution of this contract, if this is practical, and the licensee (Intellectual Property Co.) must under no circumstances use the technology before receiving such proof of assurance from the licensee (Technology Inventor).