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Proprietary Software License
"I need a Proprietary Software License agreement for my enterprise-level accounting software that will be distributed to financial institutions across multiple states, with specific provisions for data security compliance and source code protection."
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 being licensed
3. Definitions: Key terms used throughout the agreement including Software, Documentation, Intellectual Property Rights, etc.
4. Grant of License: Scope of license, permitted uses, and restrictions
5. License Fees: Payment terms, pricing, and payment schedule
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Warranties and Disclaimers: Software warranties and limitation of warranties
8. Term and Termination: Duration of license and termination conditions
1. Maintenance and Support: Terms for ongoing support and updates - include when offering ongoing maintenance services
2. Source Code Escrow: Terms for source code protection and access - include for mission-critical software or enterprise customers
3. Data Protection: Compliance with privacy laws and data handling - include when personal data is processed
4. Export Controls: Compliance with export regulations - include when software may be exported internationally
1. Schedule 1 - Software Description: Detailed technical specifications of the licensed software
2. Schedule 2 - Service Level Agreement: Performance metrics and service standards
3. Schedule 3 - Fee Schedule: Detailed pricing structure and payment terms
4. Schedule 4 - Acceptable Use Policy: Rules and guidelines for software usage
5. Schedule 5 - Technical Support Terms: Details of support services and response times
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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.