Multi-year early termination fee
Catalog row in Vendor License Programs · Cited
- Kind
- Commitment adjustment
- Term
- Initial or Renewal Term
- Aliases
- Penalty fee
- Definition
- Schedule s2: a customer that terminates a multi-year agreement before the end of the Initial Term or Renewal Term pays a penalty equal to the difference of the total discount received for the Term of the products terminated.
- Commercial rules
- Appears in the 2015 licence schedule and the 2016 SaaS schedule; the Master Agreement s9.2 allows no other right of early termination.
- Applies to
- Legacy Learning Essentials Bundle licence and SaaS schedules