Trakti Smart "Legal" Contracts Blog

A software subscription agreement is a contract that exists between the manufacturer of the software (the licensor) and the company that purchases it (the licensee). Such agreements exist to protect the purchaser against negligence or fraud on the part of the manufacturer. However, it also serves to protect the manufacturer, as well, as the software subscription agreement may include stipulations as to how the product may be used, authorized users. While it used to be customary for software companies to sell their product with a perpetual license, meaning that the customer pays for the software upfront and perhaps only pay additionally for updates for technical support, it is becoming increasingly common to find subscription agreements. There are a few reasons for this, the primary one being financial, as it creates a regular flow of income with customers paying regular monthly or annual subscription costs.

In this agreement, the developer agrees to create certain software for the client and to transfer the intellectual property rights in that software to him. One important aspect to include in this agreement is to agree regular milestones, which breaks down the project into discrete deliverables. At the end of each milestone, the developer should have reached an agreed stage of the work. Assuming this is done, the work is signed off and a specified amount of funding is released to the developer to progress to the next milestone. This makes it easier for both sides to monitor the progress of the project.

Non-disclosure and confidentiality agreement.

This Model Contract is for the long-term supply of manufactured Goods, between a Supplier and a Customer. The contract is intended for use in connection with manufactured Goods, rather than commodities, which have their own special features, and are often sold on the standard forms of producers’ or dealers’ associations. The Supplier may or may not be the manufacturer of the Goods. The contract is not intended for use where the Goods are supplied for resale by a distributor (see the Model Contract for the International Distribution of Goods).

With the intellectual property transfer agreement, individuals and legal entities can transfer industrial property rights and copyright.

In particular:

• industrial property includes: patents, inventions, know-how, brands and distinctive signs, industrial designs, geographical indications of origin, topographies of products and semiconductors, utility models, confidential company information and new plant varieties

• copyright (copyright) includes: software, databases, literary and artistic works (novels, plays, films, songs, etc.), drawings, paintings, photographs, sculptures.

The intellectual property transfer agreement is used when transferring ownership of the intellectual property and related property rights.