Term License Type Sample Clauses
The 'Term License Type' clause defines the duration and nature of the license granted under an agreement. It specifies whether the license is temporary (for a fixed term) or perpetual, and may outline any renewal options or expiration conditions. For example, a software license might be granted for one year with the possibility of annual renewal, or it could be a perpetual license that does not expire. This clause is essential for clarifying the time frame during which the licensee is permitted to use the licensed material, thereby preventing misunderstandings about the rights and obligations of each party.
Term License Type. Your license to use the Product will continue until the expiration of the term identified in the Order unless earlier terminated in accordance with the terms of this ▇▇▇▇. If we continue to make the Product generally available to our customers, you may purchase a new term license for the Product from us or our Authorized Reseller.