Concurrent Basis Sample Clauses
The "Concurrent Basis" clause establishes that certain obligations or actions under a contract are to be performed simultaneously by the parties involved. In practice, this means that each party's duty to perform is dependent on the other party fulfilling their corresponding obligation at the same time—for example, payment and delivery occurring together. This clause is essential for ensuring fairness and mutual assurance, as it prevents one party from being required to perform without the guarantee that the other will do so concurrently, thereby reducing the risk of non-performance.
Concurrent Basis. Software licensed on a concurrent basis may be copied onto any number of Customer’s laptops, personal computers, or other compatible devices provided that the total number of concurrent users and/or executions does not exceed the number of concurrent user and/or execution licenses acquired by Customer. Each user that is using an instance of Software will be deemed a concurrent user, and each execution of Software will be deemed a concurrent execution, for purposes of calculating the total number of concurrent users and/or concurrent executions.