Chapter 2
CHECKLIST
Ask Yourself:
□ Business purpose and goals
□ Criticality
□ Fees and costs
□ Implementation time
Terms to Include
□ License and restrictions
□ Acceptance testing
□ Third-party software
□ Fees
□ Warranties
□ Indemnification
□ Limitation of liability
□ Specifications
□ Confidentiality and security
□ Maintenance and support
□ Announcements and publicity
□ Term and termination
□ Additional terms:
– Force majeure
– Prohibition on right to assign
Introduction
While every software license agreement does not warrant a customized approach, it is important that software license agreements contain the essential terms that address relevant business issues. It is often the case that software licensing ...
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