Common use of TERMINATION AND CONVERSION Clause in Contracts

TERMINATION AND CONVERSION. 3.1 Where a Customer wishes to terminate the Licence and convert it to a different licensing model that is offered by the Supplier or 3rd Party Licensor (as the case may be) in respect of Software licensed to the Customer, the Parties shall act reasonably in negotiating an appropriate conversion, having regard to the relevant factors including the: 3.1.1 Price that has been previously paid by the Customer for the Licence; 3.1.2 term of the licence, type or class of licence, number of users; and 3.1.3 similarity of the proposed licence to the Licence which is to be terminated by the Customer. 3.2 A Customer may terminate a Licence by providing the Supplier or 3rd Party Licensor (as the case may be) with not less than thirty (30) days prior written notice of its intention to terminate. 3.3 A Customer shall not be entitled to any refund from the Supplier or 3rd Party Licensor (as the case may be) for any payment(s) made by the Customer relating to the Licence following the date of termination. 3.4 If requested by the Supplier, the Customer shall after termination of the Licence destroy or return to the Supplier all copies of the Licensed Software and all related Documentation, save that the Customer may retain a copy of the Licensed Software and its related Documentation as may be reasonably required by the Customer to comply with any relevant Laws.

TERMINATION AND CONVERSION. 3.1 Where a Customer wishes to terminate the Licence and convert it to a different licensing model that is offered by the Supplier or 3rd Party Licensor (as the case may be) in respect of Software licensed to the Customer, the Parties shall act reasonably in negotiating an appropriate conversion, ,having regard to the relevant factors including the: 3.1.1 Price that has been previously paid by the Customer for the Licence; 3.1.2 term of the licence, type or class of licence, number of users; and 3.1.3 similarity of the proposed licence to the Licence which is to be terminated by the Customer. 3.2 A Customer may terminate a Licence by providing the Supplier or 3rd Party Licensor (as the case may be) with not less than thirty (30) days prior written priorwritten notice of its intention to terminate. 3.3 A Customer shall not be entitled to any refund from the Supplier or 3rd Party Licensor (as the case may be) for any payment(s) made by the Customer relating to the Licence following the date of termination. 3.4 If requested by the Supplier, the Customer shall after termination of the Licence destroy or return to the Supplier all copies of the Licensed Software LicensedSoftware and all related Documentation, save that the Customer may retain a retaina copy of the Licensed Software and its related Documentation as may be reasonably bereasonably required by the Customer to comply with any relevant Laws.