Periodic Licence Clause Samples
A Periodic Licence clause establishes that the licence granted is not for a fixed term but instead continues on a recurring basis, such as weekly, monthly, or yearly, until either party decides to terminate it. In practice, this means the licensee can use the licensed property or rights for each period, with the licence automatically renewing at the end of each cycle unless notice is given to end it. This structure provides flexibility for both parties, allowing for ongoing use without long-term commitment, and solves the problem of locking parties into a rigid timeframe.
Periodic Licence. A periodic licence expires automatically at the end of each period referred to in the Licence Certificate, unless it is renewed by the payment of relevant licence fees to Us. Note that in the case of a periodic licence the obligation to pay licence fees rests with the original owner unless we have entered into a contract with you to the contrary. Your contractual obligation to pay any licence fees does not assign with this Licence and remains in full force and effect unless we agree to the contrary.