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Software License Agreement
"Need a Software License Agreement for our new cloud-based accounting software being licensed to enterprise customers in Singapore, with specific provisions for data protection and source code escrow arrangements to be effective from March 2025."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the agreement and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. License Grant: Scope, nature, and limitations of the software license
5. License Fees: Payment terms, amounts, and schedule
6. Intellectual Property Rights: Ownership and protection of IP rights
7. Warranties and Disclaimers: Software performance guarantees and limitations
8. Term and Termination: Duration, renewal, and termination conditions
9. Governing Law: Applicable law and jurisdiction
1. Data Protection: PDPA compliance provisions when software processes personal data
2. Source Code Escrow: Terms for source code protection and release for business-critical software
3. Service Level Agreement: Performance metrics and support standards for hosted/SaaS solutions
4. Export Controls: Export compliance requirements for international licensing
1. Software Description: Detailed technical specifications and functionality
2. License Fee Schedule: Detailed pricing structure and payment terms
3. Support Services: Maintenance and support details
4. Acceptable Use Policy: Terms of acceptable software use
Authors
Affiliate
Agreement
Authorized Users
Business Day
Confidential Information
Documentation
Effective Date
Fees
Initial Term
Intellectual Property Rights
License
License Fee
Maintenance Services
Personal Data
Permitted Purpose
Renewal Term
Software
Source Code
Specifications
Support Services
System Requirements
Term
Territory
Third Party Software
Updates
Upgrades
User Manual
Virus
Warranty Period
Work Product
License Restrictions
License Fee
Payment Terms
Intellectual Property Rights
Delivery and Installation
Acceptance Testing
Warranties
Support and Maintenance
Confidentiality
Data Protection
Security Requirements
Audit Rights
Limitation of Liability
Indemnification
Force Majeure
Term and Duration
Termination
Effect of Termination
Assignment
Sub-licensing
Export Control
Source Code Escrow
Service Levels
Dispute Resolution
Governing Law
Entire Agreement
Amendment
Severability
Notices
Third Party Rights
Non-solicitation
Compliance with Laws
Insurance
Records and Reporting
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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
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