Common use of Improvements and Enhancements Clause in Contracts

Improvements and Enhancements. If, during the term of this Agreement, the Licensee desires to add new functions or make enhancements to the Licensed Software, the Licensee shall notify the Licensor in writing and clearly indicate its requirements. The Licensor shall give the Licensee a written notice if it has been developing a new version containing such requirements or it agrees to satisfy the requirements proposed by the Licensee. Under such circumstances, the Licensee may, at its option, (1) upgrade the Licensed Software pursuant to the upgrade schedule when a new Upgraded Version is available or (2) negotiate with the Licensor in an attempt to reach an agreement in the development of new functions or the improvement of the Licensed Software.