ILTA White Paper

Licensing Task Force Report

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Software-Related Agreements: What They All Have in Common H 4 ere is a list of elements that we recommend be included in each of the three types of agreements discussed in this publication. • Fees and Payment: Clear description of fees and payment terms, including: •Description of how and when you will be invoiced • When undisputed invoices are due • Provisions for late or early payment • Provisions for handling invoice disputes Best Practices in Licensing Agreements ILTA Report • Confidentiality: Confidentiality clause that protects each party’s confidential information • Defined Terms: A list of terms used in the agreement and their definitions • Term and Termination: This section of the agreement should include a description of the term of the agreement, and termination provisions that explain the following:

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