A software licence is an authorization by the owners of a software product allowing a customer to use the product. In the software industry, products are usually licensed rather than sold―people who pay to use the software rarely “own” it outright. Rather, they purchase a licence to use the product subject to certain conditions.
In addition to governing the use of software, a software licence agreement also govern the rules around the product’s redistribution.
MaRS has created a sample template of a software licence agreement to help streamline business for investors, founders and their respective legal advisors. While MaRS makes this document available for educational purposes and to facilitate the negotiation of terms between investors and startups, the template is yours to use at your own risk. Please see the disclaimer below.
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