VIEWS: 57 PAGES: 4 CATEGORY: Legal Forms POSTED ON: 5/19/2010
Software developers, grant a third party a perpetual license to use your software with this generic template form. - A perpetual license is typically granted to software publishers, resellers and distributors, to avoid the necessity of renewing the license each time it expires. - The developer grants the licensee a permanent, irrevocable, perpetual, royalty-free, non-exclusive license to distribute, resell, or sub-license the software. - In return for the perpetual license, the licensee pays the developer a fixed lump sum license fee. - The developer retains title to the original software, but title to any derivative works created by the licensee belongs to the licensee. - The licensee also has the right to decompile, disassemble and reverse engineer the software. This Perpetual Software License form is provided in MS Word format and is easy to download and use.
LICENSE AGREEMENT THIS AGREEMENT made effective as of the _____ day of ______________, _______. BETWEEN: [NAME OF LICENSOR] [address] (the “Licensor”) - and - [NAME OF LICENSEE] [address] (the “Licensee”) 1. DEFINITIONS The following terms are defined for the purposes of this Agreement: (a) “Derivative Works” means any software and copies thereof which are developed by any person and which are based on or incorporate any part or version of the Software, including without limitation any revision, modification, translation (including compilation or recapitulation by computer), abridgment, condensation, expansion, or any other form in which the Software licensed hereunder may be recast, transformed or adapted, and that if prepared without Licensor’s authorization would constitute a copyright or trade secret infringement of the Software. (b) “License” means the license herein granted to Licensee to use the Software as herein set out. (c) “Software” shall be the most recent version of the Software listed in Schedule “A” to this Agreement, including any databases included therein and the source code, documentation and related materials pertinent to said Software. 2. GRANT OF LICENSE Licensor hereby grants and Licensee hereby accepts a permanent, irrevocable, perpetual, royalty free, non-exclusive license to use, modify, change, improve, upgrade, resell, sub-license, rent, distribute, duplicate or make any other use whatsoever of the Software as a true and lawful beneficial owner of the Software would or could use such Software, including any and all Derivative Works created by or for or on behalf of the Licensee, and including any revenue generating or commercial activities of any kind whatsoever. 3. CONSIDERATION The consideration for the License herein granted is $####.##, the receipt and full sufficiency of which is hereby irrevocably acknowledged by Licensor. 4. SUPPORT AND MAINTENANCE The Licensor will not provide any fixes, upgrades, support or maintenance of the Software after its initial delivery and installation in accordance with the terms of this Agreement. -2- 5. INSTALLATION, IMPLEMENTATION and TRAINING The Licensor agrees to provide up to _____ days of free on-site technical support to assist Licensee with installation, implementation, and “train the trainer” services with respect to the first installation by Licensee of the Software in [insert location of installation], or such other location as the parties may agree to, at no charge to Licensee. 6. TERM and TERMINATION This License shall be permanent, irrevocable and perpetual. 7. PROPERTY RIGHTS Title to the Software remains with Licensor. Notwithstanding the foregoing: (a) Licensee shall have full rights as set out in paragraph 2 without any obligation to account in any way to Licensor for any such activities or any revenue, income or profits derived therefrom. (b) Title to any improvements, upgrades, changes, modifications or Derivative Works shall remain with Licensee. (c)
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