So if you are a licensee of a software service or product, which you use internally or you sell (sub-license) to end users, you’ll want to be sure that there is no interruption in service for the term of the license provided you pay the license fees. Interruptions in access to the software can come in many forms, sometimes the licensor has issues with the software or its delivery (such as hosting provider’s downtime), and sometimes the licensor is acquired by a larger company that doesn’t pay as much attention to the particular software, or worse, the licensor has financial troubles and either ceases to operate as a going concern or files bankruptcy. You as a licensee, who needs the software to keep your operations steady or to keep your stream of revenue uninterrupted, will want to ensure that there is no break in the access to the software. Read more
Tag: software license agreement
Software License Agreements I – Scope of the License
We’ll be looking at the typical items addressed in a business to business software license agreement (as compared to an end user license agreement). The purpose of a software license between two companies are generally for the licensor, who has valuable software, to set forth how that software may be used by a licensee and the compensation and other items applicable to the licensee’s use. Read more