Common use of OUTRIGHT PURCHASE Clause in Contracts

OUTRIGHT PURCHASE. 3.1 All Commercial modules come with a license for 25 years when bought using the “outright purchase” option 3.2 All Commercial modules bought under this option come with the ability to upgrade the module to any newer version for free for the first 12 months after purchase. 3.2.1 After 12 months a “Yearly Upgrade Fee” will need to be purchased to have access to upgrade the module for another 12 months. 3.2.2 For all modules under $100.00 the yearly upgrade fee is 33% of the module price. For all modules over $100.00 the yearly upgrade fee is 18% of the module price.