Common use of Material Function Removal Clause in Contracts

Material Function Removal. In the event (a) Vendor removes a material function (“Function”) in any of the products or services licensed by Vendor to Customer under the Agreement (“Initial Software”) from a subsequent version or release of such Initial Software, and (b) that Function appears in another product or service Vendor makes commercially available (“Additional Software), then Customer, at Customer’s sole discretion and without forfeiting its rights to the Initial Software or to terminate the Agreement for cause and receive a refund of any pre-paid fees, shall be entitled to receive an equal quantity of licenses for the Additional Software as Customer had licenses to the Initial Software at no additional charge.

Appears in 5 contracts

Samples: Information Technology Addendum, Information Technology Addendum, Information Technology Addendum

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