Common use of Product License Clause in Contracts

Product License. Pursuant to the terms and conditions of this Agreement, LICENSOR grants LICENSEE a personal, non-exclusive, non-transferable limited license to install and use the product on the brokerage account indicated by LICENSEE when purchasing the license. Except for exceptions described in detail in this Agreement, the Agreement does not grant LICENSEE any rights to the intellectual property contained in the product. All rights not expressly granted are reserved to LICENSOR. There are no implied rights. LICENSEE shall not alter or modify the software nor create new versions of the software installer. All modifications of the product are possible only with the consent of LICENSOR.