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Integration Software Licence
"I need an Integration Software Licence agreement for my fintech company to license our payment processing integration software to a major retail chain, with specific provisions for data security and real-time transaction processing service levels to be implemented by March 2025."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the software
3. Definitions: Key terms used throughout the agreement
4. Licence Grant: Scope and nature of the licence being granted
5. Licence Restrictions: Limitations on use and prohibited activities
6. Intellectual Property Rights: Ownership and protection of IP
7. Payment Terms: Licence fees, payment schedule, and related terms
8. Term and Termination: Duration and termination provisions
1. Service Levels: Performance standards and metrics for software availability and functionality
2. Data Protection: GDPR compliance, data handling requirements and security measures
3. Source Code Escrow: Arrangements for source code protection and access conditions
4. Professional Services: Implementation, support, and additional service provisions
1. Software Description: Detailed technical specifications of the software and its functionality
2. Licence Fees: Detailed pricing structure and payment terms
3. Service Level Agreement: Detailed performance metrics, service levels and remedies
4. Integration Requirements: Technical requirements and specifications for integration
5. Support Services: Details of maintenance, support provisions and response times
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