Common use of Tacit Renewal Clause in Contracts

Tacit Renewal. Concerning the duration of the maintenance for Paid-Up-Licenses and the one of the yearly renewable licenses (with a first fixed period of one year or more), it is hereby specified that the obligation to pay the maintenance fee of PUL or the renewable license fee respectively is tacitly renewed, unless the Licensee renounces to such a renewal by giving a 90 days notice before the term. In that case, a PUL would be transformed to a license with no maintenance and no support for the future and a renewable license would be terminated. No deviation from this section is permitted, unless agreed by Licensor’s general management directly; the Licensor Local Representation having no right to represent Licensor’s for such a modification. A renewal shall have effect on the already granted licenses and any additional products (or tokens) that cause the signature of a separate XXXX.

Tacit Renewal. ‌ Concerning the duration of the maintenance for Paid-Up-Licenses and the one of the yearly renewable licenses (with a first fixed period of one year or more), it is hereby specified that the obligation to pay the maintenance fee of PUL or the renewable license fee respectively is tacitly renewed, unless the Licensee renounces to such a renewal by giving a 90 days notice before the term. In that case, a PUL would be transformed to a license with no maintenance and no support for the future and a renewable license would be terminated. No deviation from this section is permitted, unless agreed by Licensor’s general management directly; the Licensor Local Representation having no right to represent Licensor’s for such a modification. A renewal shall have effect on the already granted licenses and any additional products (or tokens) that cause the signature of a separate XXXX.

Tacit Renewal. Concerning the duration of the maintenance for Paid-Up-Licenses and the one of the yearly renewable licenses (with a first fixed period of one year or more), it is hereby specified that the obligation to pay the maintenance fee of PUL or the renewable license licence fee respectively is tacitly renewed, unless the Licensee renounces to such a renewal by giving a 90 days notice before the term. In that case, a PUL would be transformed to a license with no maintenance and no support for the future and a renewable license would be terminated. No deviation deviaton from this section is permitted, unless agreed by LicensorESI ITI GmbH’s general management directly; the Licensor Local Representation having no right to represent Licensor’s ESI ITI GmbH for such a modification. A renewal shall have effect on the already granted licenses and any additional products (or tokens) that cause the signature of a separate XXXX.