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A Proprietary Software Licence is essential when granting rights to use commercially valuable software while maintaining ownership and control. This agreement, governed by English and Welsh law, is commonly used by software companies, technology providers, and businesses seeking to protect their intellectual property while monetizing their software products. The licence typically includes detailed terms covering usage rights, restrictions, fees, support services, and compliance with UK data protection and copyright laws. It's particularly relevant when dealing with commercial off-the-shelf software or custom-developed applications where the licensor wishes to retain full control over the intellectual property.
