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In the licensing of software products, a perpetual license means that a software application is sold on a one-time basis and the licensee can then use a copy of the software forever. The license holder has indefinite access to a specific version of a software program by paying for it only once.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Software licensing agreements usually prohibit resale, enabling the company to maximize revenue. [13] Traditionally, software was distributed in the form of binary object code that could not be understood or modified by the user, [9] but could be downloaded and run. The user bought a perpetual license to use a particular version of the software ...
Mortmain (/ ˈ m ɔːr t m eɪ n / [1] [2]) is the perpetual, inalienable ownership of real estate by a corporation or legal institution; the term is usually used in the context of its prohibition. Historically, the land owner usually would be the religious office of a church; today, insofar as mortmain prohibitions against perpetual ownership ...
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
In software licensing, volume licensing is the practice of using one license to authorize software on a large number of computers and/or for a large number of users. . Customers of such licensing schemes are typically business, governmental or educational institutions, with prices for volume licensing varying depending on the type, quantity and applicable subscripti
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, [ 1 ] and is now used by many businesses, websites [ 2 ] and even pharmaceutical companies in partnership ...