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Trial License means a License granted to a User or an Organization for a limited duration (30 days), to enable the User or the Organization to evaluate the Software and to determine whether to purchase the non-trial version of the Software.
Key Takeaways. A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
A license agreement sets out how the licensed copy of the technology can and cannot be used, who owns it and any limits on liability in its use. License agreements are very common, often appearing on-screen when installing new software or updates, and even on the Internet when accessing data services or applications.
Perpetual License means a type of license for a Software Product which allows the User to use the Software Product in perpetuity so long as the User does not otherwise violate the terms of the EULA.
Trial License Agreement or ?Agreement? means the entire agreement between the Licensor and the Licensee including these Terms and Conditions for Trial Software and the associated Privacy Policy and Software Specification.
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.
A perpetual license is one where a software application is sold on a one-time basis and the licensee can then use a copy of the software forever. A perpetual license model offers a customer access to a software application in perpetuity, hence the name.