Fixed Term Licensing Clause Samples
A Fixed Term Licensing clause establishes that a license is granted for a specific, predetermined period. This means the licensee is permitted to use the licensed material, product, or rights only within the set timeframe, after which the license automatically expires unless renewed or extended by mutual agreement. For example, a software license might be valid for one year from the date of purchase, requiring renewal for continued use. The core function of this clause is to clearly define the duration of the license, preventing indefinite use and allowing both parties to plan for renewal, renegotiation, or termination at the end of the term.
Fixed Term Licensing. Fixed Term Licenses have a term that begins on the date that Customer’s order is accepted by IBM or the calendar day following the expiration of a prior Fixed Term.
Fixed Term Licensing. As an option, IBM licenses certain Programs for a “Fixed Term.” “
Fixed Term Licensing. Fixed Term Licenses have a term that begins on the date that U.S Government Customer’s order is accepted by IBM; on the calendar day following the expiration of a prior Fixed Term; or on the Anniversary date. A Fixed Term License is for the definite time specified by IBM in a TD.