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Essentially, a perpetual license is the term used to describe the traditional method of purchasing software you pay for the license upfront, and you have the right to use the software indefinitely.
A perpetual license model offers a customer access to a software application in perpetuity, hence the name. The license holder has indefinite access to a specific version of a software program by paying for it only once. For this right, the customer normally pays a one-off license fee to the software vendor.
A licence could be perpetual, subject to right of early termination. Irrevocable is probably okay as a term in a short licence (if that is what is intended) but ideally the licence would make clear that no form of early termination by the licensor (whether or not properly characterised as revocation) is allowed.
A perpetual software license is a type of software license that authorizes an individual to use a program indefinitely.
A software licence that was modified to become 'perpetual' did not necessarily last forever and could be terminated, the High Court has ruled.