VIEWS: 300 PAGES: 6 CATEGORY: Product Development and Manufacturing POSTED ON: 3/4/2011
This agreement is made between a licensor and a licensee whereby the licensor grants the licensee a non-exclusive, non-assignable and non-transferable right to use the licensor’s software. The licensee is seeking the right to use the licensor’s software in order to create and develop a new software product. The parties can customize this agreement to specify the term of the agreement, the licensing fees, the warranties, and ownership rights. This agreement can be used by individuals or small businesses that want to grant or obtain the right to use software for the development of a new product.
"Systems Development and License Agreement"