Being an entrepreneur before you launch your software solution, you might want to protect your intellectual property. That’s where you need to create a software license agreement that helps you to protect your idea and have intellectual property rights in your hands.
But you might have the following questions in your mind.
As a leading software company in Canada, we get similar questions from our clients on a daily basis. To help you, we have created a free software license agreement template.
To download our template, you need to perform the two following steps.
To create a strong license agreement, you need to cover its important clauses. Here are the most important clauses that every software license should have.
While creating a software license, you will find a lot of formats. As there are no fixed formats to use, you must not forget to include the important clauses in your software license. Each software license agreement has similar components. So, let’s check the most important clauses.
| Clauses | Definition |
|---|---|
| Limitation of Liability | This clause of a software agreement describes the software owners’ liability in uncertain conditions. |
| Non-exclusivity | This clause of a software agreement allows the owner of the software to provide the rights to use intellectual property. |
| Non-transferability | Within this clause, a software owner restricts users who can further transfer the rights to use the software application. |
| Breach of Contract | Specifies the right of a software owner to revoke the license if any clause of the software license gets breached. |
| Termination | This clause includes all the details of the termination process. This allows software owners to revoke or terminate software access if any suspicious activities are found. |
| Device Usage Limitations | This clause allows users of the software to know whether the software can be installed on single or multiple devices. |
| Modification in Software | Allows users to know whether they have any rights to make modifications to software or not. If you have rights, then how should the software be modified? |
| Retention of Right | This clause offers superiority to the owner of the software as it describes that even if the software is used by users but it solely remains to its owner. |
| Governing of Law | Includes the information that if any disputes happen, then it is advisable to resolve them in the same jurisdiction where the software owner operates. |
As you are now aware of the important clause in a software license, let’s know about the benefits of having a software license agreement.
Here are five core benefits of creating a software license agreement for your software.
If you are an entrepreneur and developed a software solution, you must have a software license to protect intellectual property rights. Download our free software license agreement template to easily create your software license.
If you have any queries or questions, connect with us. We are a leading software company in Toronto, Canada, having experience in developing custom software and mobile solutions.
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