The New Mexico Software Sales Agreement is a legally binding document that outlines the terms and conditions of the sale of software products in the state of New Mexico. This agreement serves as a written contract between the software vendor or developer and the purchaser, ensuring that both parties understand their rights, obligations, and expectations. The New Mexico Software Sales Agreement typically includes key elements such as: 1. Parties: It identifies the software vendor (seller) and the purchaser (buyer) by their legal names and addresses. 2. Software Description: A detailed description of the software being sold, including its features, functionalities, and any limitations or restrictions. 3. License Grant: Specifies the scope of the software license being granted to the purchaser, whether it is a single-user license or a multi-user license, along with any usage restrictions. 4. Purchase Price and Payment Terms: The agreed-upon purchase price for the software, payment terms, and any additional fees or expenses. 5. Delivery and Acceptance: The method and timeline for software delivery, along with acceptance criteria, testing procedures, and any provisions for software maintenance and updates. 6. Intellectual Property Rights: Clarifies the ownership and intellectual property rights associated with the software, ensuring that the purchaser does not infringe upon the seller's intellectual property rights. 7. Warranty: Any warranties, guarantees, or disclaimers related to the software's performance, quality, or fitness for a particular purpose. 8. Limitation of Liability: Defines the extent of liability for both parties in case of software defects, damages, or losses. 9. Confidentiality: Addresses the protection of confidential information shared between the parties during the sales process. 10. Governing Law and Jurisdiction: Specifies the laws of New Mexico that will govern the agreement and the jurisdiction where any legal disputes will be resolved. Different types of New Mexico Software Sales Agreements may exist, varying based on the nature of the software being sold, the parties involved, and specific provisions required by the software developer or the purchaser. For example, there may be specific agreements for the sale of proprietary software, open-source software, subscription-based software, or enterprise-level software. These agreements may have different terms, licensing models, and pricing structures.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.