About this document:
This agreement provides for a situation where for example, an owner of a website (the licensor) offers it for an annual fee to someone else (the licensee), for that third party to operate as if it was his own. Thus, the website continues to be hosted through the licensor, who receives a regular fee for this service.
Note that hosting terms are not included as they may be extensive. A flexible and comprehensive website hosting agreement is Scot Lawman IE-ECM061 which is introduced here.
It could be that the licensor has a single site which he is reluctant to sell or he may make a business out of writing and licensing sites to others.
Advantages of using this document:
The benefit of a license to the licensor is that he retains possession and control of the website. The benefit to the licensee is that he has a site immediately and pays an annual fee rather than a capital sum.
The document include provisions for:
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terms of the agreement for sale and list of subject matter of sale;
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allocation of purchase price, when and how it is to be paid;
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what happens to complete the transaction;
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licensor's warranties;
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licensee’s warranties - what the licensee may and may not do with the website;
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mediation of a dispute before court action;
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other legal points.
