EULA
End User Licence Agreement
Definition
A legal contract between a software provider and a user that defines the terms under which the software may be used, including restrictions, liability limitations, and intellectual property ownership.
Why it matters
An EULA protects a software founder's intellectual property and limits legal exposure. Without one, users may claim rights to use the software in ways that were never intended, or attempt to hold the founder liable for damages.
Example
A founder who builds a SaaS scheduling tool includes a clear EULA stating that users licence the software for personal or business use only, cannot reverse-engineer it, and that liability is capped at their subscription fee in any dispute.
Related terms
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