Common use of Subscription License Model Clause in Contracts

Subscription License Model. Under this model, you have licensed the software on a per user basis for a limited period, as further described in your agreement with SOFTERA or your partner. The software may be hosted by SOFTERA, your partner or any third-party providing services to you, your partner or SOFTERA (“Subscription License Model”). • If your license expires or terminates, your right to use the Solution will stop immediately. If you continue using the Solution after that, you could be held liable for infringement of intellectual property rights, which could result in significant damages being assessed against you or other legal remedies.