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Software Agreement Contract
"Need a Software Agreement Contract for licensing our enterprise-level data analytics software to banks in Singapore, with specific provisions for PDPA compliance and source code protection, planned to be implemented by March 2025."
1. Parties: Identification of contracting parties, including registered addresses and company details
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope and nature of software license, usage rights and restrictions
5. Payment Terms: Pricing, payment schedule, and related financial terms
6. Intellectual Property Rights: Ownership of IP, protection measures, and restrictions
7. Confidentiality: Protection of confidential information and trade secrets
8. Term and Termination: Duration of agreement and termination conditions
1. Service Level Agreement: Performance metrics and service standards for ongoing support or maintenance
2. Data Protection: PDPA compliance and data handling procedures for personal data processing
3. Source Code Escrow: Terms for source code protection and release for business-critical applications
4. Professional Services: Terms for additional services like implementation or training when included in the deal
1. Software Specifications: Detailed technical specifications of the software
2. Service Level Parameters: Detailed metrics and response times for support services
3. Fee Schedule: Detailed breakdown of all fees and payment terms
4. Acceptable Use Policy: Guidelines for acceptable use of the software
5. Data Processing Agreement: Detailed terms for handling personal data under PDPA
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