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 Commercial 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 Commercial Modules with a current MSRP price of $100.00 or less will carry a yearly upgrade fee is 33% of the current MSRP price. For all Commercial Modules over $100.00 the yearly upgrade fee is 18% of the current MSRP Commercial Module price. For clarity, the MSRP price is subject to change and the yearly upgrade fee will always be based on the most current MSRP.