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Product License
"I need a Product License agreement under Dutch law for licensing our enterprise software platform to EU-based corporate customers, including GDPR compliance requirements and multi-user access provisions, with the agreement to take effect from March 1, 2025."
1. Parties: Identification of the licensor and licensee with full legal details
2. Background: Context of the agreement, including brief description of the product and purpose of the license
3. Definitions: Defined terms used throughout the agreement, including Product, Licensed Rights, Territory, etc.
4. Grant of License: Scope of license, permitted uses, and any restrictions on use of the Product
5. License Fees and Payment: Payment terms, fee structure, payment schedule, and invoicing requirements
6. Intellectual Property Rights: Ownership of IP, protection of rights, and handling of improvements
7. Obligations of the Parties: Key responsibilities of both licensor and licensee
8. Technical Requirements: Minimum system requirements, installation procedures, and technical specifications
9. Support and Maintenance: Terms for technical support, updates, and maintenance services
10. Term and Termination: Duration of agreement, renewal terms, and termination provisions
11. Confidentiality: Protection of confidential information exchanged during the license relationship
12. Warranties and Disclaimers: Product warranties, performance guarantees, and limitation of liability
13. Governing Law and Jurisdiction: Application of Dutch law and jurisdiction for dispute resolution
14. General Provisions: Standard boilerplate clauses including assignment, variation, and notices
1. Data Protection: Required if the Product processes personal data, ensuring GDPR compliance
2. Source Code Escrow: Optional protection for licensee through source code escrow arrangements
3. Export Control: Required if the Product is subject to export control regulations
4. Training and Implementation: Optional section for complex products requiring specific training or implementation services
5. Service Level Agreement: Optional section defining performance metrics and service levels
6. Audit Rights: Optional rights to audit usage and compliance, particularly for usage-based licensing
7. Customer Reference Rights: Optional rights for licensor to use licensee as a reference customer
8. Geographic Restrictions: Required if the license is limited to specific territories or regions
1. Schedule 1 - Product Specification: Detailed technical specifications of the licensed Product
2. Schedule 2 - License Fees: Detailed fee structure, including any variable components
3. Schedule 3 - Support Services: Detailed description of support and maintenance services
4. Schedule 4 - Service Levels: Performance metrics and service level commitments
5. Schedule 5 - Approved Sub-licensees: List of approved sub-licensees if sub-licensing is permitted
6. Appendix A - Technical Requirements: Detailed technical requirements for Product implementation
7. Appendix B - Implementation Plan: Timeline and milestones for Product implementation
8. Appendix C - Contact Details: Key contacts for both parties for various purposes under the agreement
Authors
Information Technology
Software Development
Manufacturing
Industrial Equipment
Healthcare Technology
Financial Services
Educational Technology
Telecommunications
Consumer Electronics
Biotechnology
Automotive
Energy
Media and Entertainment
Legal
Sales
Product Development
Information Technology
Procurement
Commercial Operations
Risk and Compliance
Intellectual Property
Business Development
Technical Support
Customer Success
Finance
Legal Counsel
Contract Manager
Licensing Manager
Product Manager
Business Development Manager
Sales Director
Chief Technology Officer
IT Director
Procurement Manager
Commercial Director
Chief Legal Officer
Intellectual Property Manager
Account Executive
Operations Manager
Risk Manager
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