Erilda Deti

Whether you are in the software development business be it a company or a solopreneur, or you’re a company or solopreneur looking to purchase a software that will facilitate your day to day business, you’ll most probably need to enter into a contractual relationship with another party (be it as a licensor or a licensee). That’s when the Software License Agreement enters the equation. The Software License Agreement is basically just a legal document, entered into by the licensor (the software...

When you buy software, you don't actually own it; rather, you purchase “the right to use” it according to the terms and conditions outlined in the Software License Agreement. One of the common conditions that you will find in any Software License Agreement is the audit clause, which allows the Software Provider to verify that you are using the licensed software in compliance with the contractual terms. This clause is a standard provision that most Software Providers include in their...

Contractual negotiations with a service provider and/or vendor, are not always the most fun part of doing business (more like never) , however, once you manage to negotiate a win-win agreement, your business will thank you for it. It is crucial to establish a tangible mechanism for monitoring the provision of services and verifying adherence to the agreed-upon terms throughout the contract period so that your business relationship remains fruitful and with as little friction as possible and...