Common use of License Term Clause in Contracts

License Term. The term of each license for the Software shall be either perpetual or on a term limited basis as set forth in the Ordering Document. If licensed on a term limited basis, the term shall be for a period of three years commencing on the Purchase Date, and on expiration, Customer must cease using and return or destroy all copies of the Software.

Appears in 22 contracts

Samples: docs.tibco.com, docs.tibco.com, docs.tibco.com

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License Term. The term of each license for the Software shall be either perpetual or on a term limited basis as set forth in the Ordering Document. If licensed on a term limited basis, unless otherwise set forth in an Ordering Document, the term shall be for a period of three years commencing on the Purchase Date, and on expiration, Customer must cease using and return or destroy all copies of the Software.

Appears in 8 contracts

Samples: License Agreement, License Agreement, License Agreement

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