Form Overview
The Multi-Facility Software License has licensing terms aggressively favoring the licensee and has been drafted to support the acquisition of a large system by a user with significant negotiating leverage. Facilities can be added within the scope of the licensing arrangement by unilateral submission of an option notice to licensor by licensee (no licensor signature required), the form of which is provided in an exhibit (included). The acceptance test period is 150 days and acceptance must be in writing signed by licensee. Each facility also receives a sixty-day acceptance test period. The software is warranted as provided in the documentation, the definition of which includes the vendor's proposal. Payments are set forth in accordance with certain milestones related to implementation of the software at various facilities. The Agreement includes a satisfaction guarantee which is very unusual, as well as a refund if the arrangement is terminated before final acceptance. You can find answers to your questions using our extensive library of
audio questions and answers.
Click here to view Key Issues relating to this form.
Click here to view an Outline of this form (requires Adobe Acrobat Reader).
Click here to view Instructions for completing variables on this form (requires Adobe Acrobat Reader).
Click Here to find out how this form is used in the transaction process.