RESALE AND SOFTWARE TRANSFER Sample Clauses
The RESALE AND SOFTWARE TRANSFER clause governs the conditions under which software or licenses may be resold or transferred to third parties. Typically, this clause outlines whether the original purchaser is permitted to transfer their rights to another party, and may specify any required approvals, restrictions, or procedures for such transfers. By clearly defining the rules for resale and transfer, this clause helps prevent unauthorized distribution and ensures that all parties understand their rights and obligations regarding the software’s ownership and use.
RESALE AND SOFTWARE TRANSFER. 7.1 Software identified as “Not for Resale” or “NFR,” may not be sold or otherwise transferred for value, or used for any purpose other than demonstration, test or evaluation.