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Limited Use License Agreement
"I need a Limited Use License Agreement for my software company in Singapore to grant a 12-month license to a financial institution, allowing them to use our proprietary trading algorithm on up to 50 workstations starting March 2025."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and brief description of the licensed material
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Specific rights being granted and scope of permitted use
5. Restrictions on Use: Explicit limitations and prohibited actions
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Term and Termination: Duration of license and termination conditions
8. Governing Law: Specification of Singapore law as governing law
1. Payment Terms: Financial terms for paid licenses, including payment schedule, currency, and payment methods
2. Support and Maintenance: Terms for technical support, updates, and maintenance services for software licenses
3. Data Protection: PDPA compliance terms and data processing obligations
4. Export Control: Export restrictions and compliance requirements for international use
1. Schedule 1 - Licensed Material: Detailed description of licensed content/software including specifications and version details
2. Schedule 2 - Technical Specifications: Technical requirements, compatibility specifications, and system requirements
3. Schedule 3 - Fee Schedule: Detailed pricing structure, payment terms, and fee calculations if applicable
4. Schedule 4 - Acceptable Use Policy: Comprehensive terms of acceptable use, including prohibited activities and usage restrictions
Authors
Authorized Users
Confidential Information
Documentation
Effective Date
Intellectual Property Rights
License Fee
Licensed Material
License Period
Permitted Purpose
Software
Source Code
Specifications
Territory
Third Party Components
Updates
Use
User Interface
Working Day
Modifications
Derivative Works
Technical Support
Maintenance Services
Acceptance Tests
Security Requirements
Service Levels
Authorized Devices
Business Hours
Commercial Purpose
Designated Equipment
Scope of Use
Usage Restrictions
Intellectual Property Rights
Confidentiality
Term and Termination
Payment Terms
Warranties
Liability Limitations
Indemnification
Technical Support
Maintenance
Security Requirements
Audit Rights
Assignment
Force Majeure
Data Protection
Export Control
Anti-Bribery
Dispute Resolution
Governing Law
Notice Requirements
Entire Agreement
Severability
Variation
Third Party Rights
Compliance with Laws
Documentation
Installation
Training
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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
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