Guam Master Software License Agreement
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Description
Software is organized information in the form of operating systems, utilities, programs, and applications that enable computers to work. Software consists of carefully-organized instructions and code written by programmers in any of various special computer languages. Software is divided commonly into two main categories: (1) System software: controls the basic (and invisible to the user) functions of a computer and comes usually preinstalled with the machine. (2) Application software: handles multitudes of common and specialized tasks a user wants to perform, such as accounting, communicating, data processing, word processing. Using software purchased from others or operating a proprietary process under a license is to be "licensing in." But the small business may also have an opportunity to "license out" if it has made a useful invention which may be of interest to others. In most cases the activity of licensing others is a new business in its own rights with unique activities and problems, of which the first may be patenting the invention itself to secure all rights to the new art. The activity is relatively easy if the company experiences positive demand for its invention and buyers are calling or visiting. When not, help from an experienced patent attorney may be the best first step in examining the feasibility of turning invention into profit.
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