Oakland Michigan Technology License Agreement regarding designing, developing and marketing Internet based electronic banking applications

• Category: Corporations - Public - Licenses
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Technology License Agreement for Designing, Developing, and Marketing Internet Based Electronic Banking Applications The Oakland Michigan Technology License Agreement is a comprehensive legal document that outlines the terms and conditions for designing, developing, and marketing Internet-based electronic banking applications. It serves as an agreement between Oakland Michigan Technology and the licensee, granting the licensee the right to use the technology for creating and distributing electronic banking applications. Keywords: Oakland Michigan Technology, license agreement, designing, developing, marketing, Internet-based, electronic banking applications. Key elements covered in the Oakland Michigan Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications include: 1. Scope: The agreement defines the scope of use of the technology and sets out the specific rights granted to the licensee. It outlines the permitted use of the technology solely for designing, developing, and marketing Internet-based electronic banking applications. 2. Intellectual Property: The agreement clearly states that all intellectual property rights and ownership of the technology remain with Oakland Michigan Technology. The licensee agrees not to claim any ownership or distribute the technology independently. 3. Restrictions: The license agreement outlines various restrictions imposed on the licensee. These may include limitations on modifying or reverse engineering the technology, transferring the license without consent, or using the technology for any illegal or unethical purposes. 4. Support and Maintenance: The agreement may include provisions for technical support and maintenance of the licensed technology. It may outline the level and extent of support provided by Oakland Michigan Technology and any associated fees. 5. Term and Termination: The license agreement specifies the duration of the license, which can be a fixed term or ongoing. It also defines the conditions under which either party may terminate the agreement, including breach of terms, non-payment, or mutual agreement. 6. Fees and Royalties: The agreement details the fees and royalties payable by the licensee to Oakland Michigan Technology. It may include one-time license fees, recurring royalties based on sales volumes, or other financial arrangements. 7. Confidentiality: The license agreement establishes confidentiality obligations for both parties. It ensures that any proprietary or sensitive information shared during the agreement remains confidential and is not disclosed or used for any unauthorized purposes. Different Types of Oakland Michigan Technology License Agreement related to designing, developing, and marketing Internet-based electronic banking applications: 1. Standard License Agreement: This is the most common type of agreement, providing the licensee with the right to use the technology for a specified period and within defined conditions. 2. Exclusive License Agreement: In an exclusive license agreement, the licensee is granted exclusive rights to use the technology within a specific geographic area or market segment. Oakland Michigan Technology agrees not to grant any other licenses to other parties for the same technology within the defined scope. 3. Non-Exclusive License Agreement: A non-exclusive license agreement allows multiple licensees to use the technology simultaneously. Oakland Michigan Technology retains the right to grant licenses to other parties as well. 4. Customized License Agreement: This type of agreement is tailored to specific requirements or circumstances, allowing for modifications to the standard terms and conditions. It may include additional provisions or exclusions based on mutual agreement. In summary, the Oakland Michigan Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications is a contractual arrangement that governs the use of technology for creating and distributing electronic banking applications. Different types of license agreements can be customized to meet specific needs and objectives.

Oakland Michigan Technology License Agreement for Designing, Developing, and Marketing Internet Based Electronic Banking Applications The Oakland Michigan Technology License Agreement is a comprehensive legal document that outlines the terms and conditions for designing, developing, and marketing Internet-based electronic banking applications. It serves as an agreement between Oakland Michigan Technology and the licensee, granting the licensee the right to use the technology for creating and distributing electronic banking applications. Keywords: Oakland Michigan Technology, license agreement, designing, developing, marketing, Internet-based, electronic banking applications. Key elements covered in the Oakland Michigan Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications include: 1. Scope: The agreement defines the scope of use of the technology and sets out the specific rights granted to the licensee. It outlines the permitted use of the technology solely for designing, developing, and marketing Internet-based electronic banking applications. 2. Intellectual Property: The agreement clearly states that all intellectual property rights and ownership of the technology remain with Oakland Michigan Technology. The licensee agrees not to claim any ownership or distribute the technology independently. 3. Restrictions: The license agreement outlines various restrictions imposed on the licensee. These may include limitations on modifying or reverse engineering the technology, transferring the license without consent, or using the technology for any illegal or unethical purposes. 4. Support and Maintenance: The agreement may include provisions for technical support and maintenance of the licensed technology. It may outline the level and extent of support provided by Oakland Michigan Technology and any associated fees. 5. Term and Termination: The license agreement specifies the duration of the license, which can be a fixed term or ongoing. It also defines the conditions under which either party may terminate the agreement, including breach of terms, non-payment, or mutual agreement. 6. Fees and Royalties: The agreement details the fees and royalties payable by the licensee to Oakland Michigan Technology. It may include one-time license fees, recurring royalties based on sales volumes, or other financial arrangements. 7. Confidentiality: The license agreement establishes confidentiality obligations for both parties. It ensures that any proprietary or sensitive information shared during the agreement remains confidential and is not disclosed or used for any unauthorized purposes. Different Types of Oakland Michigan Technology License Agreement related to designing, developing, and marketing Internet-based electronic banking applications: 1. Standard License Agreement: This is the most common type of agreement, providing the licensee with the right to use the technology for a specified period and within defined conditions. 2. Exclusive License Agreement: In an exclusive license agreement, the licensee is granted exclusive rights to use the technology within a specific geographic area or market segment. Oakland Michigan Technology agrees not to grant any other licenses to other parties for the same technology within the defined scope. 3. Non-Exclusive License Agreement: A non-exclusive license agreement allows multiple licensees to use the technology simultaneously. Oakland Michigan Technology retains the right to grant licenses to other parties as well. 4. Customized License Agreement: This type of agreement is tailored to specific requirements or circumstances, allowing for modifications to the standard terms and conditions. It may include additional provisions or exclusions based on mutual agreement. In summary, the Oakland Michigan Technology License Agreement for designing, developing, and marketing Internet-based electronic banking applications is a contractual arrangement that governs the use of technology for creating and distributing electronic banking applications. Different types of license agreements can be customized to meet specific needs and objectives.