Term license renewal
Catalog row in Vendor License Programs · Cited
- Kind
- Term licence
- Term
- Initial term, then three-year renewals
- Definition
- EULA s.1(a): term licences "will renew and extend for additional consecutive three (3) years' renewal terms" unless notice of non-renewal is given at least 30 days before term end.
- Commercial rules
- Renewal at then-current pricing; reinstating a lapsed term licence costs the annual renewal fee plus 150% of unpaid fees for the gap; fees for the whole term remain payable after surrender.
- Applies to
- Tungsten software licensed on a term basis.