Purchased Software Clause Samples
The 'Purchased Software' clause defines the terms and conditions under which software is acquired by a buyer from a seller. It typically outlines what constitutes purchased software, including any licenses, updates, or related documentation provided as part of the transaction. This clause may specify usage rights, restrictions, and the scope of ownership or licensing granted to the buyer. Its core practical function is to clearly delineate the rights and obligations of both parties regarding the software, thereby preventing misunderstandings and disputes over software use and ownership.
Purchased Software. Subject to Customer’s compliance with this Agreement, Exalens grants to the Customer a non-exclusive, non-transferable, non-sublicensable license to install and use the Purchased Software. This license follows the capacity limitations referred in the Order and is solely granted for the Customer’s Business Purposes.
Purchased Software. (1) Notwithstanding the transfer of title as set forth in Section 8(e)(2) below , Buyer hereby agrees to (i) not to sell or license the Purchased Software; (ii) not to use the Purchased Software for any purpose other than those purposes related directly to the operation of the Website; and (iii) inform, in writing, all affiliates, subsidiaries, and successors in interest of the restrictions set forth in this Section 8(e)(1) .
(2) At the Closing, title to the Seller's interest in the Purchased Software (source and object code), subject to the restrictions set forth in Section 8(e)(1) above , shall be transferred from Seller to Buyer and Buyer shall be provided with one complete electronic copy of the Purchased Software.
(3) Notwithstanding the restrictions set forth in Section 8(e)(1) above, Buyer may sell the Purchased Software as part of a sale of substantially all of the Assets purchased pursuant to this Agreement to a wholly unaffiliated third party; provided, however, such third party purchaser must agree in writing to the restrictions set forth in Section 8(e)(1) above and Buyer shall provide a copy of such written agreement, duly executed by the purchaser, to Kuznetosov prior to the closing of such purchase and sale.
(4) Klauenburch agrees to enter into a software rights agreement substantially with Kuznetosov in the form attached hereto as Exhibit D (the "Software Rights Agreement"), whereby, among other term and conditions, Kuznetosov agrees to (i) not use the App Engine Components for any purpose that competes, directly or indirectly with Buyer's online sales of hydroponic and indoor gardening equipment and supplies; (ii) not sell or license the App Engine Components to any person who intends to use the App Engine Components to compete, directly or indirectly with Buyer's online sales of hydroponic and indoor gardening equipment and supplies; and (iii) inform, in writing, all affiliates, subsidiaries, and successors in interest of the restrictions set forth therein.
(5) Notwithstanding anything contained in this Agreement to the contrary, Buyer acknowledges and agrees that the rights and the obligations of this Agreement run with the Purchased Software. Any transferee, recipient, or licensee of the Purchase Software must agree in writing to be bound by the restrictions set forth in Section 8(e)(1) above. Any sale, assignment, transfer, or license in violation of this Agreement is null and void.
Purchased Software. Subject to Customer’s compliance with this Agreement, including Customer’s timely payment of all License Fees, Splunk grants to Customer a nonexclusive, worldwide, nontransferable, nonsublicensable license during the applicable Term to install and use the Purchased Software within the Licensed Capacity solely for Customer’s Internal Business Purposes.
Purchased Software. Subject to Customer’s compliance with this Agreement, including Customer’s timely payment of all License Fees, 4Securitas grants to Customer a nonexclusive, worldwide, non transferable, non sublicensable license during the applicable Term to install and use the Purchased Software within the Licensed Capacity solely for Customer’s Internal Business Purposes.
Purchased Software. Subject to Customer’s compliance with this Agreement, including Customer’s timely payment of all License and Subscription Fees and fees provided during a Subscription Term, CyGlass grants to Customer a nonexclusive, worldwide, non-transferable, non-sublicensable license during the applicable Subscription Term provided in an Order, to install and use the Purchased Software within the Licensed Capacity solely for Customer’s Internal Business Purposes and in accordance with the usage levels by which CyGlass measures, prices and offers the Software.
Purchased Software. While the SOFTWARE's License Agreement remains effective and if the SOFTWARE was purchased by You, AUTHOR will use reasonable commercial efforts to provide the support and maintenance services for the SOFTWARE.