What is a Software License Agreement

How to negotiate important legal and commercial clauses in a software license agreement. Learn how to protect your business from unlimited legal and financial liability.

Course content

14 sections • 16 lectures • 1h 12m total length

Introduction1 lecture • 1min

  • Introduction01:06

Types of Software Licenses1 lecture • 2min

  • Types of Software02:21

License Grant1 lecture • 7min

  • License Grant07:24

Software Escrow1 lecture • 3min

  • Software Escrow02:47

Insurance1 lecture • 7min

  • Insurance06:35

Warranty1 lecture • 10min

  • Warranty10:26

Indemnity2 lectures • 8min

  • Indemnity Part 106:36
  • Indemnity Part 201:38

Limitation of Liability2 lectures • 12min

  • Limitation of Liability Part 105:18
  • Limitation of liability Part 206:56

Data security1 lecture • 6min

  • Data security06:15

Acceptance1 lecture • 4min

  • Acceptance04:05

Training1 lecture • 1min

  • Training for the software licensed01:22

Support and Maintenance clause1 lecture • 2min

  • Support and Maintenance AMC contract02:29

Audit1 lecture • 3min

  • Audit02:52

Negotiation1 lecture • 4min

  • Negotiation04:15

Requirements

  • No knowledge of the law is required. Basic knowledge of law or IT contracts is beneficial

Description

With the growing online presence of businesses, there is an immense increase in executing software license agreements. Companies license software to automate their business, to regularize payroll, to store and sort customer data, for record retention and to digitize their business.

Software license agreements seem difficult to understand because of various technical and legal jargons. This course will navigate you through various software specific legal clauses and commercial clauses that you should watch out while signing a software license agreement.


Certain important commercial aspects of a software license such as software audits, post license support and maintenance of software, training to use the software are often left unanswered in a software agreement and this gives rise to litigation and conflicts in future. This course teaches you how to ensure your software license agreement is comprehensive enough to avoid disputes.  This course gives a brief overview of what warranties and indemnities both parties to the contract should provide each other.

Breach of contract gives rise to litigation and the breaching party is required to shell out a huge amount in damages. This course will teach you how to limit your liability in case of a breach of contract and what remedial measures you can agree to in case of a breach.

Lastly, this course ends with certain tips for negotiating your contract.

Who this course is for:

  • IT professionals
  • Project managers in the IT sector
  • Lawyers and Law students who want to know how to review a software license agreement
  • Business owners who license software for their business
  • Anyone looking to execute a software license agreement
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