Common use of Important Advice Clause in Contracts

Important Advice. According to § 356 para. 5 of the German Civil Code BGB, in the case of a contract for the delivery of digital content (eg a software acquired by download) not on a physical data carrier, revocation right expires when VERBI has begun the execution of the contract after the Customer 1. has expressly agreed that VERBI shall begin the execution of the contract before expiry of the period of revocation and 2. has confirmed their knowledge that they will lose their right of withdrawal by its consent at the beginning of the execution of the contract. VERBI shall start to execute the contract as described above at the time when the consumer starts the download.

Appears in 2 contracts

Sources: End User License Agreement (Eula), End User License Agreement (Eula)