Source Code Licenses

Perpetual License, with rights to use and modify and integrate.

Description: The seller grants the buyer a perpetual license to use and modify the source code without transferring ownership. This license does not expire and remains in effect indefinitely.


Seller Rights:

• Retain Ownership: The seller retains full ownership of the source code.

• No Distribution by Buyer: The seller ensures that the buyer cannot distribute, resell, or sublicense the source code.

• License to Others: The seller can continue to license the source code to other parties if desired.
  
  
  Buyer Rights:

• Use the Code: The buyer has the right to use the source code indefinitely.

• Modify the Code: The buyer can modify the source code to fit their specific needs or preferences.

• Perpetual Use: The buyer's right to use and modify the source code does not expire.

• Restrictions: The buyer cannot distribute, resell, or sublicense the source code under any circumstances.

Common Use Cases:

• Long-term software solutions for internal use.
• Enterprise applications integrating the source code into their systems for ongoing use and modification.
• Custom software development with the assurance of perpetual use and the ability to adapt and modify the software as needed over time.

Perpetual License, Right to Use only.

Description: The seller grants the buyer the right to use the source code without transferring ownership or granting modification rights. This agreement outlines specific rights and restrictions for both parties to ensure clarity.

Seller Rights:

• Retain Ownership: The seller retains full ownership of the source code.

• No Modification by Buyer: The seller ensures that the buyer cannot modify, distribute, resell, or sublicense the source code.

• License to Others: The seller can continue to license the source code to other parties if desired.
  
  
  Buyer Rights:

• Use the Code: The buyer has the right to use the source code for their own purposes.

• No Modification Rights: The buyer cannot modify the source code in any way.

• Restrictions: The buyer cannot distribute, resell, or sublicense the source code under any circumstances.

Common Use Cases:

• Internal Tools: Companies using the source code to run internal tools or software without needing to modify it.
• Proprietary Software: Businesses implementing the source code into proprietary systems for internal operations.
• Software Licensing: Situations where the buyer needs to use the software but does not need to alter or customize it.

Full Transfer of Intellectual Property (IP)

Description: The seller transfers all rights, title, and interest in the source code to the buyer, with no restrictions on reselling.

Seller Rights:

• Relinquish Ownership: The seller gives up all ownership rights to the source code.
• No Ongoing Control: The seller no longer has any control over how the source code is used, modified, or distributed by the buyer.
• No Licensing: The seller cannot license the same source code to other parties after the transfer.

Buyer Rights:

• Full Ownership: The buyer gains full ownership of the source code, including all rights, title, and interest.
• Right to Use: The buyer can use the source code for any purpose.
• Right to Modify: The buyer can modify the source code as needed.
• Right to Integrate: The buyer can integrate the source code into other applications or projects.
• Right to Resell: The buyer can resell, sublicense, or distribute the source code as a standalone product or as part of other applications.
• Right to Distribute Integrated Applications: The buyer can distribute applications that include the integrated source code without any restrictions.

Common Use Cases:

• Complete Buyout: When a company acquires another company's software assets for internal use, integration, or resale.
• Custom Solutions: When a business purchases a software solution to fully integrate and modify it for their specific needs, with the option to resell.
• Internal Development: For businesses developing proprietary software that includes the purchased source code as a component of a larger system, with the freedom to resell if desired.