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Software License Agreement
"Need a Software License Agreement for our new cloud-based accounting software being licensed to enterprise customers in Singapore, with specific provisions for data protection and source code escrow arrangements to be effective from March 2025."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the agreement and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope, nature, and limitations of the software license
5. License Fees: Payment terms, amounts, and schedule
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Warranties and Disclaimers: Software performance guarantees and limitations
8. Term and Termination: Duration, renewal, and termination conditions
9. Governing Law: Applicable law and jurisdiction
1. Data Protection: PDPA compliance provisions when software processes personal data
2. Source Code Escrow: Terms for source code protection and release for business-critical software
3. Service Level Agreement: Performance metrics and support standards for hosted/SaaS solutions
4. Export Controls: Export compliance requirements for international licensing
1. Software Description: Detailed technical specifications and functionality
2. License Fee Schedule: Detailed pricing structure and payment terms
3. Support Services: Maintenance and support details
4. Acceptable Use Policy: Terms of acceptable software use
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