LICENSE TO COMPUTER SOFTWARE Clause Samples
The "License to Computer Software" clause grants a party the legal right to use specific computer software under defined terms and conditions. Typically, this clause outlines the scope of permitted use, such as whether the license is exclusive or non-exclusive, the duration of the license, and any restrictions on copying, modifying, or distributing the software. Its core practical function is to clearly establish the rights and limitations of the licensee, ensuring both parties understand how the software can be used and protecting the intellectual property interests of the licensor.
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LICENSE TO COMPUTER SOFTWARE. All computer software and/or programs, (meter boards) and accessories (regardless of storage media) provided with or in the Loaned Instruments and/or provided by the owner of the Loaned Instrument from time to time during the term of this Agreement (jointly and severally the "Software") and all copies of the Software shall at all times be and remain the sole and exclusive property of such owner. The owner grants the borrowing party a limited non-exclusive license to use the Software only in the operation of the Loaned Instruments. The party borrowing the Loaned Instrument, by the signature of its duly authorized representative below, acknowledges that: (i) it shall use the Software only in accordance with the limited license granted by the owner of the Loaned Instrument, (ii) it shall not copy nor knowingly permit others to copy the Software, except as may be necessary under Paragraph 9.2; (iii) it shall not decompose, reverse engineer, create derivatives or otherwise modify the Software; and (iv) it shall return the Software to such owner on receipt from such owner of any improved, enhanced or replacement Software and upon termination of this Agreement.