Executed Software License Agreement Sample Clauses
An Executed Software License Agreement is a legally binding contract that grants a licensee the right to use specific software under defined terms and conditions, and has been formally signed by all involved parties. This agreement typically outlines the scope of permitted use, any restrictions, payment terms, and the duration of the license, and becomes effective once both the licensor and licensee have executed (signed) the document. Its core practical function is to clearly establish the rights and obligations of each party regarding the software, thereby reducing the risk of disputes and ensuring both parties understand their responsibilities.
Executed Software License Agreement. The Software and Documentation may have been licensed under a fully executed software license agreement (“Executed Software License Agreement”). In the event that you have licensed this Software under an Executed Software License Agreement, the terms of such Executed Software License Agreement shall govern your installation and use of the Software and Documentation exclusively. In all other cases, the terms and conditions of this Agreement shall govern your installation and use of the Software and Documentation.