Common use of Licensor’s Options Clause in Contracts

Licensor’s Options. If the Dolphin Software becomes, or in Licensor's opinion is likely to become, the subject of an infringement or misappropriation claim, Licensor may, at its option and expense, either (i) procure for Customer the right to continue using the Dolphin Software, (ii) replace or modify the Dolphin Software so that it becomes non-infringing, or (iii) terminate Customer's right to use the Dolphin Software and give Customer a refund or credit for the license fees actually paid by Customer to Licensor for the infringing components of the Dolphin Software less a reasonable allowance for the period of time Customer has used the Dolphin Software.