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Product License
"I need a Product License agreement under Singapore law for my enterprise software solution, which will be licensed to financial institutions in Southeast Asia starting March 2025, with specific clauses for data protection and API usage restrictions."
1. Parties: Identifies the licensor and licensee with full legal details
2. Background: Context of the license agreement and product description
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope and nature of the license being granted
5. License Restrictions: Limitations and prohibited uses of the licensed product
6. Payment Terms: License fees, payment schedule, and related terms
7. Intellectual Property Rights: Protection of IP rights and ownership declarations
8. Warranties and Representations: Warranties provided by licensor and disclaimers
9. Term and Termination: Duration of license and termination conditions
10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction
1. Territory Restrictions: Geographic limitations on license use - include when license is restricted to specific regions
2. Maintenance and Support: Terms for ongoing product support and updates - include when offering technical support services
3. Export Controls: Export compliance requirements - include when product may be subject to export regulations
4. Data Protection: PDPA compliance requirements - include when personal data processing is involved
5. Source Code Escrow: Terms for source code protection - include for software products with critical business applications
1. Schedule 1 - Product Specifications: Detailed technical specifications of the licensed product
2. Schedule 2 - Price List: Detailed pricing structure and payment terms
3. Schedule 3 - Service Level Agreement: Support and maintenance terms if applicable
4. Schedule 4 - Acceptable Use Policy: Detailed terms of acceptable product usage
5. Schedule 5 - Data Processing Agreement: Terms governing the processing of personal data under PDPA
Authors
Business Day
Commencement Date
Confidential Information
Documentation
Effective Date
Intellectual Property Rights
License
License Fee
Licensed Product
Licensee
Licensor
Maintenance Services
Payment Terms
Product Specifications
Permitted Use
Restricted Territory
SGD
Support Services
Term
Territory
Third Party Components
Updates
User
Warranty Period
API
Source Code
Object Code
Manufacturing Process
Quality Standards
Regulatory Approvals
Safety Standards
Trademark
Brand Guidelines
Scope of License
License Restrictions
Intellectual Property Rights
Payment Terms
Delivery and Installation
Acceptance Testing
Warranties
Technical Support
Maintenance
Confidentiality
Data Protection
Term and Termination
Force Majeure
Assignment
Sub-licensing
Compliance with Laws
Export Controls
Liability Limitations
Indemnification
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Variation
Third Party Rights
Quality Control
Reporting and Audit Rights
Territory Restrictions
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