From the course: Supply Chain Foundations: Strategic Contract Management
Join today to access over 24,900 courses taught by industry experts.
Managing licenses and leases
From the course: Supply Chain Foundations: Strategic Contract Management
Managing licenses and leases
- [Instructor] Licenses and leases are like contracts for goods, but in these situations, there's no transfer of ownership. You may be familiar with software licensing agreements, for example, or the leasing of office space. Let's take a closer look at these two special types of contracts. When managing a license contract, there are four areas to consider. I'll use a software agreement as an example. The first concern is to determine who is authorized to use the software and where. For example, if your contract allows all company employees to use the software, then contractors and customers are specifically not authorized. Therefore, you must make sure your user list matches your needs. Second, it's important to specify if software updates and upgrades are included in the price of the contract. A new version of the software is a major revision and will require a new negotiation unless you have specifically addressed this in your current contract. Third, you must consider the…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.