Common use of License Term Clause in Contracts

License Term. The term of each license for the Software shall be either perpetual or on a term limited basis as set forth in the Ordering Document. If licensed on a term limited basis, the term shall be for a period of three years commencing on the Purchase Date, and on expiration, Customer must cease using and return or destroy all copies of the Software.

Appears in 24 contracts

Sources: End User License Agreement, End User License Agreement, End User License Agreement

License Term. The term of each license for the Software shall be either perpetual or on a term limited basis as set forth in the Ordering Document. If licensed on a term limited basis, unless otherwise set forth in an Ordering Document, the term shall be for a period of three years commencing on the Purchase Date, and on expiration, Customer must cease using and return or destroy all copies of the Software.

Appears in 8 contracts

Sources: End User License Agreement, End User License Agreement, End User License Agreement