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Software License And Maintenance Agreement
"I need a Software License And Maintenance Agreement for enterprise-level accounting software that we're licensing to a Singapore bank, with strict data protection requirements and 24/7 support services to be implemented by March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and relationship between parties
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 schedules
6. Maintenance Services: Scope of maintenance, support levels, and response times
7. Intellectual Property Rights: Ownership and protection of IP
8. Term and Termination: Duration, renewal, and termination provisions
9. Warranties and Limitations: Software warranties and liability limitations
1. Source Code Escrow: Terms for source code protection when dealing with business-critical software
2. Professional Services: Additional services beyond maintenance, for implementation or customization services
3. Data Processing: Specific data handling requirements when personal data processing is involved
4. Service Levels: Detailed performance metrics for enterprise-level agreements
1. Software Description: Detailed technical specifications of the software
2. Service Level Agreement: Detailed maintenance and support parameters
3. Fee Schedule: Detailed breakdown of all applicable fees
4. Support Procedures: Technical support processes and escalation procedures
5. Acceptable Use Policy: Terms governing proper use of the software
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