Below is a short list of common license agreement types. This is not a complete list, you may find that we do not deal in this letter with the type of license agreement that you have established or in which you participate. If we don`t address the nature of the license agreement you have or we only have questions regarding the termination of a license agreement, call Larsen Law today at 303-520-6030 to arrange your first free consultation. Non-exclusive license agreement. A non-exclusive license agreement is a license agreement that can be used with more than one licensee. In short, more than one person or company may benefit from the license and use of the software or technology. Exclusive agreements, non-exclusive agreements, open-ended agreements, subscription agreements and expiry agreements may not be so easy. Before attempting to terminate the license agreement, it is important to first check the terms of the agreement. If there is a termination or termination clause, you will receive valuable information about when, whether and how the license agreement can be terminated. It could be that there are only certain conditions that would trigger the possibility of dismissal. Both parties to the license agreement have obligations and rights to fulfill. Failure to comply with these obligations or support for these rights could constitute a violation, but it is still essential to read the agreement to find the termination clause.
In addition, careful consideration should also be given to whether, when and how a license agreement can be terminated. But these are all considerations that depend on the needs of the company and what you offer. There are four main components of software license agreements and each covers various information essential to the performance of the contract, as follows: 3.2 The user may not sublicense and may not claim sublicense without the prior written consent of the licensor. The user may only sublicense the rights granted by the user to third parties, which have been approved by the licensor, in accordance with this ITA, for the purposes of hosting the software and the use of the software by the user. Such sublicense terminates automatically at the end of the license in clause 3.1. 3.3 Unless expressly permitted by this SEA or required under applicable law on a non-excludable basis, any license granted under this clause 3 is subject to the following prohibitions: “force majeure event”, an event or series of related events that are not subject to the appropriate control of the party concerned (including failures of the Internet or a public telecommunications network), hacking, denial-of-service attacks, viruses or other malware attacks or infections, power outages, labor disputes involving third parties, legislative changes, disasters, explosions, fires, floods, riots, terrorist attacks and wars); 16.4 Neither party may, without the prior written consent of the other party, assign, transfer, charge, grant or otherwise act or have any contractual rights or obligations of this ITA. . . .