Common Contracts

License Agreement

License Agreement • April 30th, 2021 • Michigan

• Contract Type
  License Agreement
• Filed
  April 30th, 2021
• Jurisdiction
  Michigan

This License Agreement (“Agreement”) is made and entered into between [Insert Financial Institution] (“Licensee”), a federally chartered credit union, and The SoftAd Group, LLC d/b/a ChannelNet (“ChannelNet”), a limited liability company duly organized and existing under the laws of the State of Delaware. ChannelNet hereby grants Licensee, and Licensee hereby accepts from ChannelNet, a limited, non-exclusive and non-transferable right to use the computer programs described in Section 1 below (the "Product") for the term of this Agreement, subject to the terms and conditions specified below.