Common use of Modifications and Enhancements Clause in Contracts

Modifications and Enhancements. For purposes of this Agreement, an “Update” shall mean one or more fixes, repairs, or standardizations, or other minor changes to the Software, whereas an “Upgrade” shall mean a new release or version of the Software, or the addition to the Software of a new functionality, or the change of a functionality, or a major change to the Software. The definition of Software does not include Upgrades. Entitlement to an Upgrade may require payment of an additional Fee as set forth in the corresponding Billing Document. However, the Users of the Software will be entitled to all Updates during the Term of this Agreement. CEGSOFT reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Software (or any part thereof) with or without notice to you. If any all Fees are paid and a permanent termination occurs during the Access Period, CEGSOFT shall return payment of the unaccrued portion in time, if any, of the then current Fees, if any. You agree that CEGSOFT may modify the Software, this Agreement, and/or the Billing Document if necessary to comply with any other agreements that CEGSOFT is currently bound by or will be bound by in the future, and/or with applicable law, as well as to adjust to changing business circumstances. Your continued Use of the Software and/or the Software shall constitute your acceptance of this Agreement and the Billing Document with the given modifications upon notice of the same. If you do not agree to any of such changes, you may terminate this Agreement and immediately cease all access and Use of the Software, or the parts or products of the Software involved in the modifications, with a corresponding reduction in fees associated with such parts of the Software. Therefore, it is recommended that you periodically visit the Site to verify if any changes to this Agreement and/or the Billing Document have occurred.