A Minnesota Software Product Sales Agreement is a legally binding contract that outlines the terms and conditions of a sale between a software vendor and a customer in the state of Minnesota. This agreement defines the rights and responsibilities of both parties involved in the sale of software products. The agreement typically includes several key components such as: 1. Parties: The agreement begins by identifying the software vendor (typically referred to as the "Vendor") and the customer (referred to as the "Customer"). This section includes their legal names, addresses, and other relevant contact information. 2. Product Description: The agreement provides a detailed description of the software product being sold, including any specific features, functionalities, and limitations. It also specifies whether the software is being licensed or sold outright. 3. License Grant: If the software is being licensed, this section outlines the specific terms under which the software can be used, including any limitations on its usage, number of users, and permitted locations. 4. Pricing and Payment Terms: The agreement defines the total purchase price of the software product, any recurring fees, and the payment terms. It may also include provisions on taxes, currency, and payment methods. 5. Delivery and Acceptance: This section specifies the delivery method and timeline for the software product. It outlines the customer's responsibility to inspect the software upon delivery and report any defects or issues. 6. Intellectual Property Rights: The agreement addresses the ownership and protection of intellectual property rights associated with the software product. It may include provisions for copyright, trademark, and trade secret protection. 7. Support and Maintenance: This section outlines the vendor's obligations to provide technical support and maintenance services, including response times, updates, and bug fixes. It may also specify any additional charges for such services. 8. Warranty and Disclaimer: The agreement includes warranty provisions outlining any guarantees or assurances provided by the vendor regarding the software's functionality and performance. It also includes disclaimers of liability for any damages or losses incurred by the customer. 9. Term and Termination: This section defines the duration of the agreement and the conditions under which either party can terminate it, including breach of contract or non-payment. 10. Confidentiality and Non-disclosure: The agreement may include provisions to protect the confidentiality of any proprietary or sensitive information shared during the course of the agreement. Different types of Minnesota Software Product Sales Agreements may exist, depending on the specifics of the software products being sold. These may include agreements tailored for the sale of mobile applications, cloud-based software, enterprise software solutions, and more. The content and provisions within the agreement can vary based on the nature and complexity of the software product being sold.
Minnesota Software Product Sales Agreement
Description
How to fill out Minnesota Software Product Sales Agreement?
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