North Carolina Licensee Oriented Software License Agreement (CLOSE) is a legally binding document that governs the use of licensed software in the state of North Carolina. This agreement establishes the terms and conditions under which the licensee can access and utilize the software provided by the licensor. It outlines the rights, obligations, and restrictions for both parties involved and is designed to protect the interests of the software developer as well as the licensee. The CLOSE typically includes key provisions such as: 1. Scope of License: This section defines the scope and limitations of the license, including the specific software covered, the number of authorized users, and any geographic or time restrictions. 2. Permitted Uses: It outlines the permitted uses of the software, such as installation, replication, modification, and integration with other systems. This section may also establish restrictions on reverse engineering or decompiling the software. 3. Intellectual Property: This provision clarifies the ownership of intellectual property rights associated with the licensed software, ensuring that the licensor retains full ownership and copyright of the software. 4. Support and Maintenance: This section details the level of support and maintenance services provided by the licensor, including updates, bug fixes, and technical assistance. 5. Payment Terms: It outlines the payment schedule, fees, and any additional costs associated with the license. This may include one-time fees, subscription fees, or royalties. 6. Confidentiality: This clause governs the treatment of confidential information exchanged between the licensor and licensee during the term of the license agreement. 7. Termination: It describes the conditions under which either party can terminate the agreement, such as non-payment, breach of terms, or expiration of the license period. It may also include provisions for post-termination obligations, such as the deletion of licensed software and data. In North Carolina, various types of licensee-oriented software license agreements may exist, depending on the specific software and industry. Some common types include: 1. Commercial Software License Agreement: This type of agreement is used when commercially available software is being licensed to end-users or businesses for a fee. 2. Open Source Software License Agreement: These agreements are based on open-source principles and allow users to access, modify, and distribute the software's source code freely. They often require sharing any modifications made to the open-source community. 3. Software as a Service (SaaS) License Agreement: When software is delivered as a service over the internet, a SaaS license agreement governs the terms and conditions of such usage. Overall, North Carolina Licensee Oriented Software License Agreements play a crucial role in ensuring clear and mutually beneficial relationships between software developers and licensees, while also addressing the legal and intellectual property aspects of software usage.
North Carolina Licensee Oriented Software License Agreement
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