Do I need a Software Licence Agreement?
If you've built or developed a software, you can choose to license this to another party for a profit. In this case, it's wise to get the details of the arrangement in writing to avoid any losses or messy disputes.
A Software Licence Agreement can set out:
- Licence fees
- IP ownership
- Reverse engineering
A key risk here is that you need to retain ownership of your IP, so having a licence agreement in place can ensure both parties are on the same page with respect to IP ownership.
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