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Non Transferable Software License
"I need a Non-Transferable Software License Agreement under Hong Kong law for enterprise-level cybersecurity software that will be deployed across our financial institution's Asian offices, with strict data protection clauses and usage restrictions preventing any sharing with third parties."
1. Parties: Identification of the licensor and licensee, including full legal names and registered addresses
2. Background: Context of the agreement, brief description of the software, and purpose of the license
3. Definitions: Defined terms used throughout the agreement, including technical terms specific to the software
4. Grant of License: Scope of the license, explicitly stating its non-transferable nature and permitted uses
5. License Restrictions: Specific prohibitions including transfer, sublicensing, reverse engineering, and unauthorized modifications
6. Intellectual Property Rights: Confirmation of licensor's ownership and protection of IP rights
7. Term and Termination: Duration of the license and circumstances for termination
8. Fees and Payment: License fees, payment terms, and any recurring charges
9. Confidentiality: Protection of confidential information exchanged during the license period
10. Warranties and Disclaimers: Standard software warranties and limitations
11. Limitation of Liability: Caps on liability and exclusions of certain types of damages
12. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction
1. Data Protection: Required if the software processes personal data, ensuring compliance with PDPO
2. Technical Support and Maintenance: Include if ongoing support services are provided with the license
3. Service Levels: Required for software provided as a service or with uptime commitments
4. Security Requirements: Include for software handling sensitive data or requiring specific security measures
5. Audit Rights: Include if licensor needs rights to audit licensee's use of the software
6. Export Controls: Required if the software is subject to export control regulations
7. Insurance: Include if specific insurance coverage is required for high-risk applications
8. Source Code Escrow: Optional protection for licensee in case of licensor's insolvency
1. Software Description: Detailed technical specifications and functionality of the licensed software
2. License Fees: Detailed breakdown of all applicable fees and payment schedules
3. Technical Requirements: Minimum system requirements and technical specifications for software operation
4. Acceptable Use Policy: Detailed terms of acceptable use and specific restrictions
5. Support Services: Details of any technical support and maintenance services provided
6. Service Level Agreement: Detailed service levels and performance metrics if applicable
7. Data Processing Terms: Detailed terms for handling personal data if applicable
Authors
Technology and Software
Financial Services
Healthcare
Professional Services
Manufacturing
Retail and E-commerce
Education
Telecommunications
Media and Entertainment
Government and Public Sector
Legal
Information Technology
Procurement
Compliance
Finance
Information Security
Risk Management
Commercial Operations
Technical Operations
Vendor Management
Chief Technology Officer
IT Director
Software Licensing Manager
Legal Counsel
Procurement Manager
Commercial Director
Chief Information Officer
Compliance Officer
Technical Operations Manager
Contract Manager
Software Asset Manager
Information Security Manager
Technology Risk Manager
Chief Financial Officer
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