And end user license agreement is a formally drafted agreement which is made by and between two parties; one of which is the licensor and the other is the purchaser of an object, entity or software which is a property of the licensor. These agreements are made so that the purchaser can use the property or asset of the licensor for a specified period of time and in return for a certain payment amount. These agreements are legally binding in nature and contain certain terms and conditions which have to be abided by the involved parties.
Any end user license agreement gives the purchaser a right to use an object of necessity as per certain specified ways which are defined by the licensor. These agreements must contain the details of the parties involved along with the details of the dates of importance such as commencement date and termination date of the agreement.
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Sample End User License Agreement
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