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Limited Use License
"I need a Limited Use License agreement for our new software product, granting the licensee rights to use it only within their Singapore offices for a 12-month period starting January 2025, with specific restrictions on modification and redistribution."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted
5. License Restrictions: Specific limitations on use of the licensed material
6. Term and Termination: Duration of license and conditions for termination
7. Payment Terms: License fees and payment conditions
8. Intellectual Property Rights: Ownership and protection of IP rights
1. Support Services: Terms for technical support if provided - include when technical support is part of the license
2. Updates and Maintenance: Terms for updates and maintenance - include for software or digital content licenses
3. Export Controls: Compliance with export regulations - include when international use is contemplated
4. Source Code Escrow: Terms for source code protection - include for software licenses with critical business impact
1. Schedule 1: Licensed Materials: Detailed description of licensed items
2. Schedule 2: Technical Specifications: Technical details and requirements
3. Schedule 3: Fee Schedule: Detailed breakdown of fees and payment terms
4. Schedule 4: Service Level Agreement: Performance metrics and service levels if applicable
Authors
Authorized Purpose
Authorized Users
Confidential Information
Documentation
Effective Date
Fee Schedule
Initial Term
Intellectual Property Rights
License
Licensed Materials
License Fee
License Period
License Territory
Licensee
Licensor
Permitted Use
Renewal Term
Restricted Use
Specifications
Term
Third Party Materials
Updates
Use Restrictions
User Guide
Scope of Use
Use Restrictions
Term and Duration
Payment Terms
Intellectual Property Rights
Confidentiality
Warranties
Liability Limitations
Indemnification
Technical Support
Maintenance and Updates
Audit Rights
Data Protection
Territory Restrictions
Assignment
Force Majeure
Termination
Governing Law
Dispute Resolution
Notices
Export Control
Compliance with Laws
Entire Agreement
Severability
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Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.