What does a revocable licence mean?
‘Revocation’ means the cancellation of a contract, which can take place by mutual agreement. So a licence which is expressed to be irrevocable will subsist for the duration of the licence contract unless otherwise agreed by the parties or unless it is revoked by operation of law.
What is a perpetual irrevocable license?
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.
Can a perpetual licence be terminated?
A software licence that was modified to become ‘perpetual’ did not necessarily last forever and could be terminated, the High Court has ruled.
Is driving license revocable?
When your driver’s license is revoked, it means it is totally cancelled and could not be reinstated, unless allowed under some circumstances.
What is a fully paid up license?
Fully paid-up usually describes a one-time payment for a perpetual license where the term is indefinite. The phrase fully paid-up should not exist in a term license. Territory – Usually there is a reference to where the license may be used.
Can a license be in perpetuity?
A perpetual license 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.
What is an irrevocable software license?
Revocable or Irrevocable Software License An irrevocable software license means that, once it is granted, the license is permanent. A revocable software license means that licensor may terminate the license in certain situations, such as failure to make future payments, end of a specific time period, etc.
Is a perpetual license forever?
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.
How do you end a perpetual contract?
There are generally three grounds that entitle a party to terminate a contract for breach at common law:
- breach of an essential term;
- sufficient breach of non-essential term; and.
- repudiatory breach of a contract.
Can an irrevocable agreement be terminated?
In case where the agency is irrevocable owing to the interest of the agent in the subject matter, and he commits an act unfavorable to you, there needs to be a separate agreement/contract between the principal and the agent as per Section 202 of the Indian Contract Act regarding termination of agency upon commission or …
Can an irrevocable contract be terminated?
When an Agency is Irrevocable Where the agency is coupled with an interest, it does not come to an end even in the case of death or insanity or insolvency of the principal.