27 September 2023
Software Licensing Agreement
This Software License Agreement ("Agreement") is made and entered into by and between QAID PVT LTD ("Licensor"), a company incorporated under the laws of Telangana, with a principal place of business at Hyderabad, and the user ("Licensee") who agrees to the terms of this Agreement.
1. Grant of License
Subject to the terms and conditions of this Agreement, Licensor grants Licensee a non-exclusive, non-transferable, limited license to install and use the software provided by Licensor ("Software") solely for personal or internal business purposes. The license granted under this Agreement does not authorize Licensee to use the Software for any other purposes.
2. License Restrictions
Licensee shall not:
Copy, modify, or distribute the Software except as expressly permitted in this Agreement.
Reverse engineer, decompile, or disassemble the Software.
Rent, lease, sublicense, or transfer the Software or any rights under this Agreement to any third party.
Use the Software in any unlawful manner or for any purpose not authorized by this Agreement.
3. Ownership
The Software, including any updates or modifications, and all related intellectual property rights, are owned by Licensor and protected by copyright, trademark, and other applicable laws. Licensee does not acquire any ownership rights to the Software under this Agreement.
4. Updates and Maintenance
Licensor may, at its sole discretion, provide updates or upgrades to the Software. However, Licensor is under no obligation to provide maintenance or support for the Software. Any updates or upgrades provided will be subject to the terms of this Agreement unless otherwise stated.
5. Term and Termination
This Agreement will be effective from the date of acceptance by Licensee and will continue in effect unless terminated by either party. Licensee may terminate this Agreement at any time by uninstalling the Software and ceasing its use. Licensor may terminate this Agreement immediately if Licensee breaches any term or condition of this Agreement.
Upon termination, Licensee must cease all use of the Software and destroy all copies of the Software in Licensee's possession.
6. Fees and Payment
Licensee agrees to pay Licensor the agreed-upon fee for the Software license. Payment terms, including amount, due date, and method of payment, will be outlined in the separate invoice or order agreement.
7. Limitation of Liability
In no event shall Licensor be liable for any indirect, special, incidental, or consequential damages arising out of the use or inability to use the Software, even if Licensor has been advised of the possibility of such damages.
8. Warranty Disclaimer
The Software is provided "as is," without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability and fitness for a particular purpose. Licensor does not warrant that the Software will meet Licensee’s requirements or that its operation will be uninterrupted or error-free.
9. Confidentiality
Licensee agrees to keep the Software and all related documentation confidential and not to disclose it to any third party without Licensor's prior written consent, except as required by law.
10. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of [Insert Jurisdiction]. Any disputes arising out of or in connection with this Agreement shall be resolved through binding arbitration in [Insert Location], unless the parties agree otherwise.
11. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, understandings, or communications, whether written or oral, relating to the subject matter hereof.
By installing or using the Software, Licensee acknowledges and agrees to the terms and conditions of this Agreement.