Document background
The License and Service Agreement is a fundamental document used when a provider wishes to both license intellectual property (typically software) and provide related services to a customer. This dual-purpose agreement, governed by United States law, is particularly relevant in today's technology-driven business environment where software solutions are often bundled with implementation, maintenance, and support services. It addresses critical aspects such as intellectual property rights, service level commitments, data protection, and liability allocation, while ensuring compliance with relevant U.S. federal and state regulations. The agreement is designed to protect both parties' interests while establishing clear operational parameters and performance expectations.
