MSA Software Agreement Template for India

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Key Requirements PROMPT example:

MSA Software Agreement

"I need an MSA Software Agreement for my fintech company that will be providing banking software solutions to multiple Indian banks, with strong data security provisions and compliance with RBI guidelines; the agreement should be ready for first use by March 2025."

Document background
This MSA Software Agreement is designed for use in the Indian jurisdiction when establishing a long-term software licensing and services relationship between a software provider and a customer. It serves as a master agreement that sets forth the fundamental terms and conditions governing all subsequent software licenses, services, and related transactions between the parties. The agreement incorporates requirements from Indian IT laws, data protection regulations, and contract law principles, while addressing critical aspects such as intellectual property rights, data security, and service level commitments. This type of agreement is particularly useful when parties anticipate multiple software deployments or service engagements over time, as it eliminates the need to negotiate standard terms repeatedly while allowing flexibility through specific statements of work or order forms.
Suggested Sections

1. Parties: Identification of contracting parties with full legal names and addresses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Services: Detailed description of software and services to be provided

5. License Grant: Terms of software license, including scope, restrictions, and usage rights

6. Service Levels: Performance standards, availability, and support commitments

7. Fees and Payment: Pricing, payment terms, and invoicing procedures

8. Intellectual Property Rights: IP ownership, rights, and restrictions

9. Confidentiality: Protection of confidential information and trade secrets

10. Data Protection and Privacy: Compliance with Indian data protection laws and privacy requirements

11. Term and Termination: Duration, renewal, and termination provisions

12. Warranties and Representations: Standard warranties and representations from both parties

13. Limitation of Liability: Liability caps and exclusions

14. Indemnification: Mutual indemnification obligations

15. Force Majeure: Provisions for unforeseen circumstances and force majeure events

16. Governing Law and Jurisdiction: Indian law as governing law and jurisdiction details

17. General Provisions: Standard boilerplate clauses including notices, assignment, and amendments

Optional Sections

1. Implementation Services: Details of software implementation services if required

2. Training: Training obligations if included in the scope

3. Disaster Recovery: Disaster recovery and business continuity provisions if critical

4. Source Code Escrow: Source code escrow arrangements if agreed

5. Insurance: Specific insurance requirements if needed

6. Export Control: Export control provisions if software involves cross-border elements

7. Anti-Corruption: Anti-corruption provisions for public sector dealings

8. Change Control: Process for managing changes to services or specifications

Suggested Schedules

1. Software Description: Detailed technical specifications of the software

2. Service Level Agreement: Detailed service levels, metrics, and remedies

3. Fee Schedule: Detailed pricing, payment terms, and rate cards

4. Support Services: Description of support and maintenance services

5. Security Requirements: Specific security standards and requirements

6. Data Processing Agreement: Detailed data processing terms and requirements

7. Acceptable Use Policy: Terms of acceptable use of the software

8. Implementation Plan: Project plan and milestones for implementation if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Information Technology

Banking and Financial Services

Healthcare

E-commerce

Manufacturing

Telecommunications

Professional Services

Retail

Education

Government and Public Sector

Insurance

Media and Entertainment

Relevant Teams

Legal

Information Technology

Procurement

Information Security

Compliance

Risk Management

Vendor Management

Software Development

Operations

Project Management

Business Development

Finance

Relevant Roles

Chief Technology Officer

Chief Information Officer

IT Director

Procurement Manager

Legal Counsel

Contract Manager

Software Development Manager

Information Security Officer

Compliance Officer

Technical Project Manager

Vendor Management Director

Solutions Architect

IT Operations Manager

Business Development Manager

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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