Tennessee Vendor-Oriented Shrink-Wrap Software License Agreement
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How to fill out Vendor-Oriented Shrink-Wrap Software License Agreement?
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FAQ
The EULA does not represent a legally binding contract but, instead, an agreement that the end user will adhere to the fundamental usage requirements and specific terms of the EULA. In reality, the consumer is actually renting (or leasing) a license from the app's creator (or a vendor).
An end-user license agreement or EULA is a contract that users must sign before they can finish installing software. Besides protecting software vendors' and licensors' rights, EULAs also manage end-users' expectations and establish how they can or can't use the software.
The Licensee may terminate this EULA for the future at any time by ceasing the use of the Software and promptly destroying and deleting all copies, including any documentation. The Licensee shall not be entitled to any refund of the license fee.
Generally speaking, it is a legally binding agreement between the owner of a product (often software) and the end-user ? more specifically a contract between the licensor of a product and the licensee.
Generally speaking, EULAs are enforceable contracts, to the extent that any other contract is enforceable (at least in the U.S.). Obviously, the usual exceptions apply, such as unconscionability and UCC limitations on warranty waivers and such.
The difference between an End User License Agreement (EULA) and a Software License Agreement (SLA) depends on intended usage. The EULA generally governs the continuous use of the software by a group of individuals. Meanwhile, an SLA targets a specific entity for a finite period.
There is some basic information that every EULA should have, including: Licensor information: Software provider/creator name and address. Software: Name of the software and its purpose. Date: When the EULA becomes enforceable and the licensee bound by its terms.
If a user copies and sells the software, for example ? a common violation of EULA terms ? the creator can seek recourse. The license to use the software can be revoked. The user's account could be locked down, preventing access.