Important software contract terms
In this article, we’ll look at a number of contract terms that can be brought into play in a software negotiation. Terms that can make software budgets more predictable and ensure better rights for the customer in long-term software relationships.
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Software is one of the product categories experiencing the most significant and unpredictable price trends in recent years. This development is helped by shifting licensing paradigms, changing delivery methods and a continued consolidation of the software market, with several vendors approaching a de facto monopoly on certain types of software.
This means that it is increasingly necessary for all software customers to make systematic and targeted efforts to reduce the risk of price increases.
The challenge of price increases is so pronounced in many places that the use of certain types of software in some companies poses a real financial risk to the entire business.
In this article, we list a number of useful negotiable contract terms that ensure more financial predictability and better rights for the customer in long-term software relationships.