License Agreement Multi Users

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

LICENSE AGREEMENT - MULTI-USER

This Multi-User License Agreement ('Agreement') is entered into on this {{day}} day of {{month}}, {{year}}, by and between:

{{licensor_company_name}}, a company duly incorporated under the laws of {{licensor_jurisdiction}}, with its principal place of business at {{licensor_address}} ('Licensor'); and

{{licensee_company_name}}, a company duly incorporated under the laws of {{licensee_jurisdiction}}, with its principal place of business at {{licensee_address}} ('Licensee').

collectively referred to as 'Parties' and individually as 'Party'.

1. DEFINITIONS

1.1 'Licensed Product' refers to the software or digital product specified in Schedule A, including all its components, documentation, and any updates or upgrades provided by the Licensor.

1.2 'Authorized Users' refers to the individuals within the Licensee's organization who are permitted to access and use the Licensed Product under the terms of this Agreement, not exceeding the maximum number specified in Clause 2.2.

1.3 'Effective Date' refers to the date first written above.

2. GRANT OF LICENSE

2.1 Subject to the terms and conditions of this Agreement, the Licensor hereby grants to the Licensee a non-exclusive, non-transferable, revocable license to access and use the Licensed Product for its internal business purposes.

2.2 This multi-user license permits a maximum of {{number_of_authorized_users}} Authorized Users to concurrently access and use the Licensed Product.

2.3 The Licensee shall ensure that all Authorized Users comply with the terms and conditions of this Agreement.

3. INTELLECTUAL PROPERTY RIGHTS

3.1 All intellectual property rights in and to the Licensed Product, including but not limited to copyrights, trademarks, and trade secrets, remain the sole property of the Licensor.

3.2 This Agreement does not grant the Licensee any ownership interest in the Licensed Product, but only a limited right of use in accordance with the terms herein.

4. LICENSE FEES AND PAYMENT

4.1 The Licensee shall pay the Licensor a license fee of {{currency}} {{amount}} ({{amount_in_words}}) as per the payment schedule outlined in Schedule B.

4.2 All fees are exclusive of any applicable taxes, duties, or levies, which shall be borne by the Licensee.

4.3 Failure to make timely payments may result in the suspension or termination of this license.

5. TERM AND TERMINATION

5.1 This Agreement shall commence on the Effective Date and continue for a period of {{term_duration}} unless terminated earlier in accordance with this Clause.

5.2 Either Party may terminate this Agreement with {{notice_period}} days' written notice to the other Party in the event of a material breach of this Agreement that is not remedied within {{cure_period}} days of receiving notice of such breach.

5.3 Upon termination, the Licensee shall immediately cease all use of the Licensed Product and destroy or return all copies of the Licensed Product to the Licensor.

6. CONFIDENTIALITY

6.1 Both Parties agree to maintain the confidentiality of all proprietary and confidential information disclosed by one Party to the other during the term of this Agreement.

6.2 Confidential information shall not be disclosed to any third party without the prior written consent of the disclosing Party.

7. WARRANTIES AND LIMITATION OF LIABILITY

7.1 The Licensor warrants that it has the right and authority to grant the license contemplated herein.

7.2 The Licensed Product is provided 'as is' without any further warranties, express or implied. The Licensor does not warrant that the Licensed Product will be error-free or uninterrupted.

7.3 To the maximum extent permitted by law, the Licensor shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with this Agreement or the use of the Licensed Product.

8. GOVERNING LAW AND DISPUTE RESOLUTION

8.1 This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

8.2 Any dispute arising out of or in connection with this Agreement shall be submitted to mediation in {{mediation_city}}, failing which it shall be referred to arbitration in accordance with the rules of {{arbitration_institution}}.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above.

FOR THE LICENSOR:

_____________________________

Name: {{licensor_signer_name}}

Title: {{licensor_signer_title}}

Date: {{licensor_signature_date}}

FOR THE LICENSEE:

_____________________________

Name: {{licensee_signer_name}}

Title: {{licensee_signer_title}}

Date: {{licensee_signature_date}}