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Database Licence Agreement
"I need a Database Licence Agreement to grant access to our proprietary financial research database to three investment banks in London, with strict usage limitations and a monthly fee structure, starting from March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and ownership declaration of the database
3. Definitions: Key terms used throughout the agreement including Database, Intellectual Property Rights, Permitted Use, etc.
4. Grant of Licence: Scope and nature of the licence being granted, including usage rights and restrictions
5. Licence Fees: Payment terms, fee structure, and payment conditions
6. Intellectual Property Rights: Rights ownership, protection provisions, and acknowledgment of database rights
7. Confidentiality: Protection of confidential information and trade secrets
8. Term and Termination: Duration of agreement, renewal terms, and termination provisions
9. Warranties and Indemnities: Representations about database ownership, quality, and indemnification provisions
10. General: Standard boilerplate provisions including governing law, jurisdiction, and entire agreement
1. Data Protection: Provisions for handling personal data, compliance with UK GDPR when database contains personal information
2. Service Levels: Performance standards and availability requirements for hosted or maintained databases
3. Territory Restrictions: Geographical limitations on database use and access restrictions
4. Updates and Maintenance: Provisions for database updates, maintenance, and support services if applicable
5. Security Requirements: Specific security measures and protocols for database access and protection
1. Database Description: Technical specifications, content description, and database structure details
2. Licence Fees Schedule: Detailed breakdown of fees, payment terms, and any variable pricing elements
3. Permitted Uses: Comprehensive list of authorized uses, restrictions, and user limitations
4. Service Level Agreement: Detailed performance metrics, standards, and remedies for service failures
5. Security Requirements: Technical and organizational security measures required for database access and protection
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