Aeren LPO

Contracts are an integral part of any agreements, business, and organizations. Unlike in the lore’s where the word of someone is perceived to be as good as inscribed on a stone, the world now better relies on actual contracts written to the minutest of terms of conditions specifying every possible turn of events in the contract to avoid unfathomable futuristic risks and disappointments and in business terms - Losses. 1.  Offer and Acceptance        Before a contract is to be drafted and finalized the right set of offers that will make into and reflected in the contracts needs to placed on the table for everyone to know and accepted before it makes to the contract.   2.       Consent of both the parties. A contract's strength lies in adhering to it in both good times and bad times. For that to be achieved the contract is made in such a way that both the parties mutually agree to every terms and condition and stand by...

Contracts in the world of software have a niche for them popularly recognized as Software Development Agreements, End User License Agreements, Software License Agreements, Terms of Service, and Privacy Policy. It specifies the involved party's legal duties to each other if any dispute arises and find ways for amicable and agreed solutions. What is Software Development Agreement? The Software Development Agreements are in essence where one party, an actual developer or a software industry developing the software agrees to develop a software application for another party who is the client. What are End-User License Agreements? End-User License Agreement (EULA) is an end-user license contract by the author of the software and the user of the software. The user has his/her own tendency of freedom to deny acceptance to the terms and conditions and can promptly click ‘Do not agree’ or ‘I Agree’ during install. Breaching EULA is not binding to the law unless it mee...

End-User License Agreements, EULA defines your right over your content. Your idea, your life’s work, the creation of software everything becomes your Intellectual Property. When someone does not need to use the content in whole or in specific operations they are bound by EULA. EULA works both ways for the user as well as the owner of the content. End-User License Agreements  can specify the extent to which the IP rights are granted to other users in terms of stipulations of license. LICENSE AGREEMENTS The license agreements according to their varying user terms and conditions can be classified into: ü   Non-exclusive ü   Transferrable ü   Sub- licensable ü   Royalty-Free The license that is granted will be delivered as: ü   Paid-up License ü   Single Named User License ü   Network License ü   Subscription License Licenses give the owner and the third party the viable flexibility to work with te...