Define: Licensed Software

How is Licensed Software defined in a legal contract?

• Licensed Software means software elements such as error corrections, upgrades, enhancements, new releases, and other materials provided under a service contract like patches, fixes, programming, and data conversion. Seen in 340 SEC filings
• Licensed Software means the software specifically listed, which includes source code and object code versions. All upgrades and documentation related to this software are also covered under this term. Seen in 77 SEC filings
• Licensed Software means a software product that is used alongside a license agreement. This includes any documentation provided with the software or that accompanies the license agreement. Seen in 70 SEC filings
• Licensed Software means the applications, databases, software, tools, and components owned or licensed by a customer, other than subscription software, which is provided to a third party to be hosted in their service. Seen in 53 SEC filings
• Licensed Software means the object code version of a particular computer program, its documentation, and other supplemental materials. It also includes any software security keys and updates received as part of a separate support or maintenance purchase. Seen in 40 SEC filings
• Licensed Software means the version of the applications, databases, software, tools, and components owned or licensed by a customer. These are then provided to a third party as part of the provided services. Seen in 37 SEC filings
• Licensed Software means all software licensed by, through, or from a supplier or customer for use as part of their service agreement. Seen in 25 SEC filings
• Licensed Software means error corrections, upgrades, enhancements, new software releases, and any deliverables due under a technical support or maintenance contract (e.g., patches, fixes, programs, code conversion, or custom programming). Seen in 20 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of licensed software' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Licensed Software means software, including its updates, corrections, enhancements, documentation, and related security keys, provided under a service contract.

Relevant Contract Type

• Software Licensing Agreement
• End User License Agreement (EULA)
• Software Development Agreement
• Service Level Agreement (SLA)

Relevant Circumstances

• Any business conditions requiring usage of third-party software.
• Procedures involving digital platforms or tools.
• Situations where software is a core aspect of the business or organizational operations.

Relevant Sectors

• Information Technology
• Telecommunication
• E-commerce
• Healthcare
• Education
• Finance
• Manufacturing

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Genie Definition 2

• Licensed Software means a customer-provided software, owned or licensed, including its components, tools, and databases, hosted by a [third party].

Relevant Contract Type

• Hosting Agreement
• Cloud Services Agreement
• IT Services Contract

Relevant Circumstances

• Engagements involving use of customer's software in a hosted environment.
• Circumstances where the customer’s software needs to be maintained or operated by a third party.

Relevant Sectors

• Technology
• Cloud Computing
• Telecommunications
• E-commerce
• Data Analytics

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