Kentucky Technology License Agreement regarding designing, developing and marketing Internet based electronic banking applications

• Category: Corporations - Public - Licenses
• State: Multi-State
• Control #: US-EG-9291
• Format: Word; Rich Text

Description

Technology License Agreement between 724 Solutions, Inc. and Bank of America National Trust and Savings Association regarding designing, developing and marketing Internet based electronic banking applications over a variety of access platforms dated Kentucky Technology License Agreement for Designing, Developing, and Marketing Internet-based Electronic Banking Applications Kentucky Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications is a legally binding contract between two parties, usually a technology provider and a licensee, involved in the development and distribution of banking applications in the state of Kentucky. This agreement outlines the terms and conditions under which the technology provider grants the licensee the right to use their proprietary technology, intellectual property, and software applications for the purpose of designing, developing, and marketing internet-based electronic banking applications. Keywords: Kentucky, Technology License Agreement, designing, developing, marketing, internet-based, electronic banking applications. There are several types of Kentucky Technology License Agreements specific to designing, developing, and marketing internet-based electronic banking applications. These variations may include: 1. Single-Use License Agreement: This type of agreement grants the licensee a limited license to use the technology for a specific application, purpose, or time frame. The licensee is often restricted from sublicensing or transferring the rights to any third party. 2. Multi-Use License Agreement: This agreement allows the licensee to use the proprietary technology for multiple applications or purposes. The scope of usage may be determined based on the number of users, locations, or any other relevant criteria specified in the agreement. 3. Exclusive License Agreement: In this type of agreement, the licensee is granted exclusive rights to use the technology, which means no other party will have access to the same technology for designing, developing, or marketing similar internet-based electronic banking applications within a defined geographical area or market segment. 4. Non-Exclusive License Agreement: Unlike an exclusive license agreement, a non-exclusive license agreement allows multiple licensees to access and use the technology concurrently for designing, developing, and marketing internet-based electronic banking applications. 5. Royalty-based License Agreement: Under this agreement, the licensee pays royalties to the technology provider based on a pre-determined percentage of revenue generated from the use of the technology. Royalties may be calculated on a per transaction, per user, or per-application basis. 6. Subscription-based License Agreement: This type of agreement allows the licensee to access and use the technology for a fixed duration of time, often on a subscription basis. The licensee pays a recurring fee, typically monthly or annually, to continue using the technology. It's essential for both parties involved in the Kentucky Technology License Agreement to thoroughly review and understand the terms and conditions, including licensing fees, limitations, intellectual property rights, confidentiality obligations, and dispute resolution mechanisms. Consulting legal professionals experienced in technology licensing agreements is highly advisable to ensure compliance with state laws and protect the interests of both parties involved.

Kentucky Technology License Agreement for Designing, Developing, and Marketing Internet-based Electronic Banking Applications Kentucky Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications is a legally binding contract between two parties, usually a technology provider and a licensee, involved in the development and distribution of banking applications in the state of Kentucky. This agreement outlines the terms and conditions under which the technology provider grants the licensee the right to use their proprietary technology, intellectual property, and software applications for the purpose of designing, developing, and marketing internet-based electronic banking applications. Keywords: Kentucky, Technology License Agreement, designing, developing, marketing, internet-based, electronic banking applications. There are several types of Kentucky Technology License Agreements specific to designing, developing, and marketing internet-based electronic banking applications. These variations may include: 1. Single-Use License Agreement: This type of agreement grants the licensee a limited license to use the technology for a specific application, purpose, or time frame. The licensee is often restricted from sublicensing or transferring the rights to any third party. 2. Multi-Use License Agreement: This agreement allows the licensee to use the proprietary technology for multiple applications or purposes. The scope of usage may be determined based on the number of users, locations, or any other relevant criteria specified in the agreement. 3. Exclusive License Agreement: In this type of agreement, the licensee is granted exclusive rights to use the technology, which means no other party will have access to the same technology for designing, developing, or marketing similar internet-based electronic banking applications within a defined geographical area or market segment. 4. Non-Exclusive License Agreement: Unlike an exclusive license agreement, a non-exclusive license agreement allows multiple licensees to access and use the technology concurrently for designing, developing, and marketing internet-based electronic banking applications. 5. Royalty-based License Agreement: Under this agreement, the licensee pays royalties to the technology provider based on a pre-determined percentage of revenue generated from the use of the technology. Royalties may be calculated on a per transaction, per user, or per-application basis. 6. Subscription-based License Agreement: This type of agreement allows the licensee to access and use the technology for a fixed duration of time, often on a subscription basis. The licensee pays a recurring fee, typically monthly or annually, to continue using the technology. It's essential for both parties involved in the Kentucky Technology License Agreement to thoroughly review and understand the terms and conditions, including licensing fees, limitations, intellectual property rights, confidentiality obligations, and dispute resolution mechanisms. Consulting legal professionals experienced in technology licensing agreements is highly advisable to ensure compliance with state laws and protect the interests of both parties involved.