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Product License Agreement
"I need a Product License Agreement for licensing our new AI software to enterprise customers in the United States and Canada, with specific provisions for data privacy compliance and source code protection, to be implemented by March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the product being licensed
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Fees and Payment Terms: Financial terms including pricing, payment schedule, and methods
6. Term and Termination: Duration of agreement and conditions for termination
7. Intellectual Property Rights: Ownership and protection of IP rights
8. Warranties and Limitations: Product warranties and limitation of liability
1. Territory Restrictions: Geographic limitations on license use - include when license is restricted to specific regions or territories
2. Maintenance and Support: Terms for ongoing product support and updates - include when offering technical support or maintenance services
3. Export Controls: Compliance with export regulations - include when product may be subject to international trade restrictions
4. Source Code Escrow: Terms for source code protection and access - include for software products where source code protection is crucial
1. Product Specifications: Detailed technical specifications of the licensed product
2. Fee Schedule: Detailed breakdown of license fees and payment terms
3. Service Level Agreement: Performance metrics and service standards for software or technical products requiring ongoing support
4. Acceptable Use Policy: Guidelines for proper product use and restrictions - for products with specific usage requirements
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.