Common use of Buy-Out Option Clause in Contracts

Buy-Out Option. After completion of the Initial Term this license may be extended in perpetuity for an amount thrice (3 times) the annual payment.

Appears in 3 contracts

Samples: Dartcom Incorporated, End User License Agreement, Dartcom Incorporated

AutoNDA by SimpleDocs

Buy-Out Option. After completion of the Initial Term this license may be extended in perpetuity without software updates and support for an amount thrice (3 times) the annual payment.

Appears in 3 contracts

Samples: Dartcom Incorporated, End User License Agreement, Dartcom Incorporated

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!