Limited Use License Agreement Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Limited Use License Agreement is essential when organizations need to grant controlled access to their intellectual property while maintaining ownership rights. This document, governed by Singapore law, establishes clear parameters for usage, including permitted activities, restrictions, and termination conditions. It's particularly relevant in today's digital economy where controlled distribution of intellectual property is crucial for business operations. The agreement ensures compliance with Singapore's robust intellectual property framework while providing legal protection for both parties.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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
Industries

Copyright Act 2021: Primary legislation governing copyright protection and licensing in Singapore, including provisions for software and digital content licensing

Intellectual Property Rights Act: Overarching framework for intellectual property protection in Singapore, relevant for establishing ownership and transfer rights in licensing

Patents Act: Governs patent rights and licensing of patented technologies in Singapore

Trade Marks Act: Regulates trademark usage and licensing, particularly relevant if licensed products/software contain trademarked elements

Contract Law (Amendment) Act: Provides the legal framework for contract formation and enforcement in Singapore

Electronic Transactions Act: Governs electronic contracts and digital signatures, crucial for online licensing agreements

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, important if the licensed product processes personal information

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and consumer rights protection in commercial transactions

Unfair Contract Terms Act: Controls the use of unfair terms in contracts, particularly relevant for standard form license agreements

Computer Misuse Act: Addresses unauthorized access and use of computer systems, relevant for software licensing and usage restrictions

Competition Act: Ensures license terms do not contain anti-competitive provisions or market restrictions

WIPO Copyright Treaty: International treaty obligations affecting copyright protection and enforcement in the digital environment

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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