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

• Category: Corporations - Public - Licenses
• State: Multi-State
• County: Harris
• 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 Harris Texas Technology License Agreement is a legal contract specifically tailored for designing, developing, and marketing Internet-based electronic banking applications. This agreement serves as a comprehensive framework to ensure the protection of intellectual property, delineate the roles and responsibilities of the parties involved, and establish the terms under which the license is granted. The primary objective of this agreement is to provide Harris Texas, a technological solutions' provider, with the authority to license its innovative banking application technology to other entities for commercial purposes. The key elements covered in the Harris Texas Technology License Agreement include: 1. Grant of License: This section outlines the exclusive licensing rights granted by Harris Texas to the licensee, enabling them to utilize the specified intellectual property, copyrights, and patents for the development and marketing of Internet-based electronic banking applications. 2. Scope of Use: This clause defines the limitations on the use of the licensed technology, emphasizing its exclusive applicability to the creation of Internet-based electronic banking applications. The licensee is restricted from using the technology for any other purpose without explicit consent. 3. Intellectual Property Rights: This section establishes the ownership and protection of intellectual property rights vested in the licensed technology. It outlines the procedures for notifying Harris Texas of any potential intellectual property infringement and the actions that can be taken to defend these rights. 4. Development and Maintenance: This clause outlines the responsibilities of the licensee in terms of continuous development, maintenance, and improvement of the licensed technology. It may also include provisions for periodic audits to ensure compliance with the established standards. 5. Financial Considerations: This section covers the financial arrangements associated with the license, including payment terms, royalties, and revenue-sharing agreements between Harris Texas and the licensee. It also specifies any upfront fees or ongoing payments required. 6. Confidentiality and Non-Disclosure: This clause highlights the importance of maintaining the confidentiality of proprietary information and trade secrets pertaining to the licensed technology. Both parties are legally obligated to safeguard any confidential data shared during the license agreement term. 7. Termination and Breach: This section outlines the conditions under which the license agreement may be terminated, such as material breach, non-compliance with the terms, or insolvency of either party. It also discusses the consequences of termination and the possible transfer of licenses. It is worth noting that the Harris Texas Technology License Agreement may have different versions or variations, depending upon the specific requirements and preferences of the parties involved. Some possible variations could include: 1. Software License Agreement: This version primarily focuses on licensing the software technology required for designing, developing, and marketing internet-based electronic banking applications. It may exclude hardware or other components from the agreement. 2. White Label License Agreement: This variation allows Harris Texas to grant a sublicense to the licensee to market the technology under their brand name. This allows the licensee to customize and rebrand the licensed technology, giving them greater flexibility to target their specific market segment. 3. Exclusive License Agreement: Under this version, Harris Texas exclusively licenses the technology to one particular entity, prohibiting the granting of sublicenses to other parties. This ensures a more exclusive partnership between Harris Texas and the licensee. Overall, the Harris Texas Technology License Agreement serves as a vital contractual document that defines the terms, conditions, and permissions for utilizing the licensed technology in designing, developing, and marketing Internet-based electronic banking applications.

Harris Texas Technology License Agreement is a legal contract specifically tailored for designing, developing, and marketing Internet-based electronic banking applications. This agreement serves as a comprehensive framework to ensure the protection of intellectual property, delineate the roles and responsibilities of the parties involved, and establish the terms under which the license is granted. The primary objective of this agreement is to provide Harris Texas, a technological solutions' provider, with the authority to license its innovative banking application technology to other entities for commercial purposes. The key elements covered in the Harris Texas Technology License Agreement include: 1. Grant of License: This section outlines the exclusive licensing rights granted by Harris Texas to the licensee, enabling them to utilize the specified intellectual property, copyrights, and patents for the development and marketing of Internet-based electronic banking applications. 2. Scope of Use: This clause defines the limitations on the use of the licensed technology, emphasizing its exclusive applicability to the creation of Internet-based electronic banking applications. The licensee is restricted from using the technology for any other purpose without explicit consent. 3. Intellectual Property Rights: This section establishes the ownership and protection of intellectual property rights vested in the licensed technology. It outlines the procedures for notifying Harris Texas of any potential intellectual property infringement and the actions that can be taken to defend these rights. 4. Development and Maintenance: This clause outlines the responsibilities of the licensee in terms of continuous development, maintenance, and improvement of the licensed technology. It may also include provisions for periodic audits to ensure compliance with the established standards. 5. Financial Considerations: This section covers the financial arrangements associated with the license, including payment terms, royalties, and revenue-sharing agreements between Harris Texas and the licensee. It also specifies any upfront fees or ongoing payments required. 6. Confidentiality and Non-Disclosure: This clause highlights the importance of maintaining the confidentiality of proprietary information and trade secrets pertaining to the licensed technology. Both parties are legally obligated to safeguard any confidential data shared during the license agreement term. 7. Termination and Breach: This section outlines the conditions under which the license agreement may be terminated, such as material breach, non-compliance with the terms, or insolvency of either party. It also discusses the consequences of termination and the possible transfer of licenses. It is worth noting that the Harris Texas Technology License Agreement may have different versions or variations, depending upon the specific requirements and preferences of the parties involved. Some possible variations could include: 1. Software License Agreement: This version primarily focuses on licensing the software technology required for designing, developing, and marketing internet-based electronic banking applications. It may exclude hardware or other components from the agreement. 2. White Label License Agreement: This variation allows Harris Texas to grant a sublicense to the licensee to market the technology under their brand name. This allows the licensee to customize and rebrand the licensed technology, giving them greater flexibility to target their specific market segment. 3. Exclusive License Agreement: Under this version, Harris Texas exclusively licenses the technology to one particular entity, prohibiting the granting of sublicenses to other parties. This ensures a more exclusive partnership between Harris Texas and the licensee. Overall, the Harris Texas Technology License Agreement serves as a vital contractual document that defines the terms, conditions, and permissions for utilizing the licensed technology in designing, developing, and marketing Internet-based electronic banking applications.