Long Term Subscription and Term Maintenance commitment
Catalog row in Vendor License Programs · Cited
- Kind
- Commitment
- Term
- Number of years stated on the Order Form
- Definition
- Renewal Terms Exhibit section 1: Customer commits to the Renewable Products term listed in the "Long Term Subscription" or "Term Maintenance" box(es) on the Order Form for the entire number of years stated (the "Commitment Period").
- Commercial rules
- Discounted fees in those boxes rely on the commitment. If Customer cancels early it pays the outstanding annual fees for the Commitment Period less amounts already paid, as liquidated damages. Licences cannot be reduced; additional software products licensed during the period renew with it. After the period, renewals are one year at a time, with fee increases not subject to caps.
- Applies to
- Hosting, License, SaaS Subscription and Maintenance ordered on an Order Form