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
Maine Technology License Agreement, also known as the Maine Technology License Agreement for Internet Based Electronic Banking Applications, is a legal contract that governs the rights and responsibilities for designing, developing, and marketing Internet-based electronic banking applications within the state of Maine, United States. This agreement establishes the terms and conditions under which individuals or entities are granted a license to use specific technologies related to electronic banking. It outlines the rights, obligations, and restrictions for both the licensor and licensee. The main objective of this agreement is to protect the intellectual property rights of the licensor while ensuring that the licensee can utilize the licensed technology to design, develop, and market Internet-based electronic banking applications effectively. Keywords: Maine Technology License Agreement, Internet-based electronic banking applications, designing, developing, marketing, legal contract, rights, responsibilities, license, technologies, intellectual property, licensors, licensees. Different types of Maine Technology License Agreements regarding designing, developing, and marketing Internet-based electronic banking applications may include: 1. Exclusive License Agreement: This type of agreement grants the licensee exclusive rights to use the licensed technology within a specific geographic area or market segment. No other licensee can operate within the same jurisdiction or target the same customers. 2. Non-exclusive License Agreement: In contrast to the exclusive license, this agreement allows multiple licensees to use the technology simultaneously. Each licensee can design, develop, and market their own electronic banking applications independently. 3. Term License Agreement: This agreement is valid for a specific period, usually determined by the licensor. The licensee can use the licensed technology for a fixed duration, after which the agreement may be renewed or terminated. 4. Perpetual License Agreement: Unlike a term license, this type of agreement grants the licensee the right to use the licensed technology indefinitely. The licensee can enjoy the benefits of the technology for as long as they comply with the terms and conditions outlined in the agreement. 5. Single-Use License Agreement: This agreement allows the licensee to use the licensed technology for a specific project or application. Once the project is completed, the license expires, and the licensee may need to negotiate a new agreement for future projects. 6. Multi-Use License Agreement: This agreement permits the licensee to use the licensed technology for multiple projects or applications. The licensee can deploy the technology across various electronic banking applications without obtaining separate licenses for each project. 7. Source Code License Agreement: This type of agreement includes the provision of the source code of the licensed technology to the licensee. The licensee can modify or customize the technology to suit their specific needs and has access to all underlying programming instructions. Note: The aforementioned types of agreements are general examples and may vary depending on the specific terms and conditions outlined in the Maine Technology License Agreement for Internet Based Electronic Banking Applications.
Maine Technology License Agreement, also known as the Maine Technology License Agreement for Internet Based Electronic Banking Applications, is a legal contract that governs the rights and responsibilities for designing, developing, and marketing Internet-based electronic banking applications within the state of Maine, United States. This agreement establishes the terms and conditions under which individuals or entities are granted a license to use specific technologies related to electronic banking. It outlines the rights, obligations, and restrictions for both the licensor and licensee. The main objective of this agreement is to protect the intellectual property rights of the licensor while ensuring that the licensee can utilize the licensed technology to design, develop, and market Internet-based electronic banking applications effectively. Keywords: Maine Technology License Agreement, Internet-based electronic banking applications, designing, developing, marketing, legal contract, rights, responsibilities, license, technologies, intellectual property, licensors, licensees. Different types of Maine Technology License Agreements regarding designing, developing, and marketing Internet-based electronic banking applications may include: 1. Exclusive License Agreement: This type of agreement grants the licensee exclusive rights to use the licensed technology within a specific geographic area or market segment. No other licensee can operate within the same jurisdiction or target the same customers. 2. Non-exclusive License Agreement: In contrast to the exclusive license, this agreement allows multiple licensees to use the technology simultaneously. Each licensee can design, develop, and market their own electronic banking applications independently. 3. Term License Agreement: This agreement is valid for a specific period, usually determined by the licensor. The licensee can use the licensed technology for a fixed duration, after which the agreement may be renewed or terminated. 4. Perpetual License Agreement: Unlike a term license, this type of agreement grants the licensee the right to use the licensed technology indefinitely. The licensee can enjoy the benefits of the technology for as long as they comply with the terms and conditions outlined in the agreement. 5. Single-Use License Agreement: This agreement allows the licensee to use the licensed technology for a specific project or application. Once the project is completed, the license expires, and the licensee may need to negotiate a new agreement for future projects. 6. Multi-Use License Agreement: This agreement permits the licensee to use the licensed technology for multiple projects or applications. The licensee can deploy the technology across various electronic banking applications without obtaining separate licenses for each project. 7. Source Code License Agreement: This type of agreement includes the provision of the source code of the licensed technology to the licensee. The licensee can modify or customize the technology to suit their specific needs and has access to all underlying programming instructions. Note: The aforementioned types of agreements are general examples and may vary depending on the specific terms and conditions outlined in the Maine Technology License Agreement for Internet Based Electronic Banking Applications.