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Software Royalty Agreement
"I need a Software Royalty Agreement for licensing my AI-powered analytics software to enterprise clients in the US market, with a tiered royalty structure based on user numbers and a minimum annual guarantee of $50,000."
1. Parties: Identification of licensor and licensee with full legal details
2. Background: Context of the agreement and ownership of the software
3. Definitions: Key terms used throughout the agreement
4. Grant of Rights: Scope of license and permitted uses of the software
5. Royalty Payments: Payment terms, calculations, and schedules
6. Intellectual Property Rights: Ownership and protection of IP
7. Term and Termination: Duration and ending conditions
1. Source Code Escrow: Terms for source code protection when dealing with mission-critical software
2. Territory Restrictions: Geographic limitations on use for region-specific licensing
3. Minimum Guarantee: Minimum royalty payments when ensuring minimum revenue is crucial
1. Schedule A - Software Description: Detailed technical specifications of the software
2. Schedule B - Royalty Calculations: Detailed formulas and examples for royalty calculations
3. Schedule C - Reporting Templates: Required formats for royalty reporting
4. Schedule D - Support Services: Details of any technical support provided
Authors
Software
Licensed Software
Documentation
Intellectual Property Rights
License Fee
Royalty
Royalty Period
Royalty Rate
Gross Revenue
Net Revenue
Territory
Term
Effective Date
Commencement Date
Source Code
Object Code
Updates
Upgrades
Maintenance Releases
End User
End User License Agreement (EULA)
Confidential Information
Background IP
Foreground IP
Modifications
Derivative Works
Distribution Channel
Authorized Users
License Key
Technical Support
Bug Fix
Reporting Period
Payment Terms
Force Majeure
Working Day
Material Breach
Royalty Payments
Payment Terms
Reporting Obligations
Intellectual Property Rights
Warranties
Indemnification
Confidentiality
Term and Termination
Distribution Rights
Technical Support
Quality Control
Audit Rights
Source Code Protection
Maintenance and Updates
Territory Restrictions
Non-Competition
Force Majeure
Assignment
Dispute Resolution
Governing Law
Liability Limitations
Export Control
Data Protection
Escrow
Notices
Integration
Severability
Waiver
Third-Party Rights
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