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You may want to grant the licence on a perpetual basis, which means that the licence will continue indefinitely unless you terminate it in accordance with the agreement. Alternatively, you may wish to put a strict time limit on the use of your IP.
A perpetual software license is a type of software license that authorizes an individual to use a program indefinitely. Generally, outside of termination, a perpetual software license allows the holder to use a specific version of a given software program continually with payment of a single fee.
Perpetual LicensesA perpetual license will allow the customer to use the licensed software indefinitely. For the first year, the perpetual license also entitles the customer to download all updates to the software and to receive technical support.
A perpetual software license is a type of software license that authorizes an individual to use a program indefinitely.
The terms irrevocable and perpetual mean different things. A perpetual license is one that has no given end. An irrevocable license cannot be cut short. Either a perpetual license or a license with a stated term can be either revocable or irrevocable.
Term of Licence Agreement set (for example, it may specify that the license will only operate for a year); or. perpetual (where the parties choose to enter into an agreement that continues indefinitely).
A perpetual license agreement is a legal contract between a customer and software provider where the customer purchases a license to use the software indefinitely. This type of licensing agreement does not have an expiration date and the licensee can continue using the product or service indefinitely.