Software Licensing Agreement
SOFTWARE LICENSING AGREEMENT
This Software Licensing Agreement ("Agreement") is entered into by and between Walnut Hill Technology, LLC, a Virginia limited liability company located in Victoria, VA 23974 ("Licensor"), and you, the end user ("Licensee").
1. License Grant
Licensor grants Licensee a non-exclusive, non-transferable, limited license to access and use the Software during the Term solely for internal business purposes.
2. Term and Access
Agreement begins on the Effective Date and continues for the specified term, automatically renewing unless terminated with 30 days' notice.
3. Payment
Licensee shall pay all fees as invoiced. All payments are non-refundable and exclusive of taxes.
4. Warranties and Disclaimers
Software is provided "AS IS" without warranties of any kind. Licensor does not warrant uninterrupted or error-free operation.
5. Limitation of Liability
Licensor's total liability shall not exceed the total amount paid in the prior twelve (12) months. No indirect or consequential damages.
6. Confidentiality
Each Party agrees to protect the other's Confidential Information in accordance with the Mutual Non-Disclosure Agreement ("NDA"), incorporated herein by reference.
7. Data Handling and Security
Licensee retains ownership of its data. Licensor maintains reasonable safeguards and retains ownership of derived, non-identifying data.
8. Use Restrictions
Licensee shall not copy, modify, reverse engineer, share, or use the Software for competitive purposes.
9. Indemnification
Each Party indemnifies the other for claims arising from its own breach or misconduct.
10. Termination
Either Party may terminate for material breach with 30 days' notice. Upon termination, Licensee ceases use; Licensor deletes data after 60 days.
11. Governing Law and Venue
This Agreement is governed by Virginia law, with exclusive venue in Lunenburg County, Virginia.
12. Entire Agreement
This Agreement, together with the NDA and any exhibits, constitutes the full understanding between the Parties.
13. Electronic Acceptance
By signing in, clicking "I Agree," or accessing the Software, Licensee agrees to be bound by this Agreement and the NDA.