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Embedded License
"Need an Embedded License agreement for our new IoT sensor software that will be integrated into smart home devices manufactured by SmartTech Industries, with specific provisions for remote updates and data protection compliance in Singapore."
1. Parties: Identifies the licensor and licensee
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license granted
5. License Restrictions: Limitations on use of the embedded software
6. Intellectual Property Rights: Ownership and protection of IP
7. Payment Terms: License fees and payment conditions
8. Term and Termination: Duration and termination conditions
1. Source Code Escrow: Terms for source code protection when source code access might be needed for maintenance
2. Support and Maintenance: Terms for ongoing support services when included in the agreement
3. Data Protection: PDPA compliance provisions when personal data is processed
4. Export Control: Export restrictions and compliance provisions for international licensing
1. Schedule 1 - Licensed Software: Detailed description of embedded software
2. Schedule 2 - Technical Specifications: Technical requirements and specifications
3. Schedule 3 - License Fees: Detailed fee structure and payment terms
4. Schedule 4 - Support Services: Support and maintenance details if applicable
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