Common use of Grant of Software License Clause in Contracts

Grant of Software License. 2.1 The Company grants to the Customer a non- exclusive annually renewable license to enable the Customer to use the Software upon the Designated Equipment subject to the Terms & Conditions herein. 2.2 Any cost charges for the provision and subsequent renewal of the Software Licenses, System Support and Software Maintenance must be fully satisfied by the Customer within the timeframe cited in the Customer Quotation and under section 7 herein. 2.3 Any cost charges for the provision of Co-Location, Managed Hosting, Cloud or SaaS services supplied by the Company must also be fully satisfied by the Customer within the timeframe cited in the Customer Quotation and under section 7 herein. 2.4 The Software may not be used for the operation of any online service or similar activity for the benefit of third parties; nor be the subject of any patent or patent application or any other form of application or registration for intellectual property protection.