There are many obvious problematic provisions in a software license agreement. These provisions discuss audit rights, scope of the license grant, potential third-party use, limitations of liability, indemnity, and limitations on the transfer of licenses. When negotiating a licensing transaction, licensees frequently negotiate these provisions.
One of the provisions in the license agreement that is often overlooked during the negotiations but that frequently plays a significant role in license disputes is the termination provision. The termination provision can appear in many different places in a license agreement. Sometimes, there are multiple termination provisions in the agreement. Consider these five questions for successfully navigating potential pitfalls:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
