A software licence is an agreement entered into by a software owner (the “licensor”) and another party who wishes to use, but not purchase, the software (the “licensee”).
The licensor may grant a licence to the licensee on such conditions as agreed by the parties.
The LegalVision Software Licence sets out a number of licence conditions that may be selected as options by the parties and allows the parties to insert further conditions that may be agreed upon by them. For example, the licence may:
- be limited for a specified period (e.g. 12 months) or perpetual (i.e. forever);
- be revocable (i.e. can be withdrawn) or irrevocable (i.e. cannot be withdrawn);
- be exclusive (i.e. only licensed to the licensee) or non-exclusive;
- include a right of sub-licence (i.e. it may be licensed to third parties);
- require the licensee to pay a fee or royalty to the licensor or be free;
- be limited to a specified area (e.g. in Australia) or unlimited (e.g. worldwide); or
- either allow or not allow the licensee to copy, modify, reproduce, reverse engineer or alter the software.