A Software Licence Transfer Agreement becomes necessary when an entity wishes to transfer its software licence rights to another party. This document, governed by English and Welsh law, establishes the legal framework for such transfers, ensuring compliance with the Copyright, Designs and Patents Act 1988 and other relevant legislation. It typically includes details about the software, transfer terms, payment arrangements, and any continuing obligations. The agreement is particularly important in corporate restructuring, mergers and acquisitions, or when businesses need to reallocate their software assets.
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1. Parties: Identification of transferor, transferee, and original licensor if relevant
2. Background: Context of the original licence and reason for transfer
3. Definitions: Key terms used throughout the agreement including Software, Original Licence, Transfer Date
4. Transfer Terms: Core terms of the licence transfer including effective date, scope, and conditions
5. Warranties and Representations: Confirmations regarding ownership, right to transfer, and compliance with original licence
6. Payment Terms: Financial considerations for the transfer including amount, payment schedule, and method
7. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law and jurisdiction for disputes
1. Data Protection: Provisions relating to transfer of data processing responsibilities and GDPR compliance
2. Third Party Consent: Provisions regarding obtaining and documenting original licensor's consent to transfer
3. Maintenance and Support: Terms relating to transfer of maintenance and support obligations
4. Export Control: Provisions dealing with cross-border transfer restrictions and compliance
1. Schedule 1 - Original Licence Agreement: Copy of the original software licence agreement being transferred
2. Schedule 2 - Software Description: Technical specifications, dependencies, and documentation of the software
3. Schedule 3 - Transfer Consent Documentation: Forms and correspondence evidencing consent to transfer from relevant parties
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms, installments, and conditions if applicable
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