License Agreement Definition Computer

Licensing agreements are the conditions under which one party can use the property of another party. While the real estate concerned may include a large number of properties, including real estate and personal property, licensing agreements are most used for intellectual property, such as patents and trademarks, as well as copyrights for written material and visual arts. The bargaining power of both parties to a licensing agreement often depends on the nature of the product. For example, a film studio that would grant the image of a popular superhero to an action figure maker could have considerable bargaining power in this negotiation, as the manufacturer will likely benefit from such an agreement. The film studio therefore has the lever to take its business elsewhere if the manufacturer has cold feet. To simplify, a software license agreement is an agreement between your company and your customers on the use of the software over which you have the rights. It allows your customers to use your software and provide accurate details on how they can use it. The software license agreement describes in detail where customers can install it, how and how often it can be installed. In addition, it should answer any questions your customers may have about their ability to copy, modify or redistribute it. The prices and royalties of the software can also be detailed in this agreement. A software license agreement is something you want to have to protect yourself or from copyright infringement.

3.1. The licensee may only use the Software in the manner specified in this Agreement. The licensee may not grant other licenses (sublicensings) to the Software or transfer, lease, lease or lend in any form, including leasing, leasing, borrowing or loan, for free or paid use of the Software (including its updates), and the corresponding documentation, when the taker uses the software at the same time. The licensee may neither disseminate nor develop, in whole or in part, derivative works or computer programs on the basis of the software, unless the parties otherwise agree in a separate agreement.