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Document Id : 6309
File Type : Microsoft Word
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UK Letter of Intent to Grant Perpetual Software Licence
UK software publishers, write a Letter of Intent to Grant a Perpetual Software License to a licensee with this easy-to-use template.
The letter summarises the discussions between the parties prior to signing a legally binding Licence Agreement. Key points of the Letter of Intent include:- purchase price and method of payment,
- ownership of modifications and upgrades to the software,
- restrictions on sublicensing by the licensee, so as not to compete with the business of the licensor,
- exchange of mutual confidentiality agreements,
- the parties agree not to solicit employees or customers of the other party.
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