(a) “Software” means the computer programs and documentation listed and described in Schedule A attached to this Agreement.
(b) “Install” means placing the Software on a computer’s hard disk, CD-ROM or other secondary storage device.
(c) “Use” means (i) executing or loading the Software into computer RAM or other primary memory, and (ii) copying the Software for archival or emergency restart purposes.
2. LICENSE TERM.
This License is effective when executed by both parties and the license granted to the Software remains in force until Licensee stops using the Software or until Licensor terminates this License because of Licensee’s failure to comply with any of its terms and conditions.
Licensor shall have the right to immediately terminate this License if Licensee fails to perform any obligation required of Licensee under this License or if Licensee becomes bankrupt or insolvent.
4. RETURN OR DESTRUCTION OF SOFTWARE UPON TERMINATION.
Upon termination of this License, Licensee shall return to Licensor or destroy the original and all copies of the Software including partial copies and modifications. Licensor shall have a reasonable opportunity to conduct an inspection of Licensee’s place of business to assure compliance with this provision.
5. TITLE TO SOFTWARE.
Licensor retains title to and ownership of the Software and all enhancements, modifications and updates of the Software.
6. MODIFICATIONS AND ENHANCEMENTS.
Licensee will make no efforts to reverse engineer the Software or make any modifications or enhancements without Licensor’s express written consent.
7. WARRANTY LIMITATIONS.
LICENSOR WARRANTS THAT THE SOFTWARE WILL FUNCTION IN SUBSTANTIAL ACCORDANCE WITH THE DESCRIPTION AND SPECIFICATIONS SET FORTH IN ATTACHED SCHEDULE A. THE WARRANTY GRANTED HEREIN IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
8. REMEDY LIMITATIONS.
Licensor’s entire liability and Licensor’s sole and exclusive remedy for breach of the foregoing warranty shall be Licensor’s option to either:
– return to Licensee the license fee for the period in which the Software did not perform according to this warranty, or
– repair the defects or replace the Software.
9. DAMAGE LIMITATIONS.
NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR INDIRECT, SPECIAL,
CONSEQUENTIAL OR INCIDENTAL DAMAGES, INCLUDING LOSS OF PROFITS, AND
LICENSOR’S LIABILITY TO LICENSEE FOR ANY OTHER DAMAGES RELATING TO OR
ARISING OUT OF THIS AGREEMENT WHETHER IN CONTRACT, TORT, OR OTHERWISE WILL
BE LIMITED TO THE AMOUNT RECEIVED BY LICENSOR FROM LICENSEE AS COMPENSATION
FOR THE SOFTWARE DURING THE 0 MONTH PERIOD IMMEDIATELY PRIOR TO THE TIME
SUCH CLAIM AROSE.
Licensee will treat the Software as a trade secret and proprietary
know-how belonging to Licensor that is being made available to Licensee in
confidence. Licensee agrees to treat the Software with at least the same
care as it treats its own confidential or proprietary information.
The parties agree to submit any dispute under this License to binding
arbitration under the rules of the American Arbitration Association in the
following location: Cook County. Judgement upon the award rendered by the
arbitrator may be entered in any court with jurisdiction to do so.
12. ATTORNEY FEES.
If any legal action is necessary to enforce this License, the prevailing
party shall be entitled to reasonable attorney fees, costs and expenses in
addition to any other relief to which it may be entitled.
13. GENERAL PROVISIONS.
(a) Complete Agreement: This License Agreement together with all schedules
referred to in this Agreement, all of which are incorporated herein by
reference, constitutes the sole and entire Agreement between the parties.
This Agreement supersedes all prior understandings, agreements,
representations and documentation relating to the subject matter of this
(b) Modifications: Modifications and amendments to this Agreement,
including any exhibit, schedule or attachment hereto, shall be enforceable
only if in writing and signed by authorized representatives of both parties.
(c) Applicable law: This License will be governed by the laws of the State
(d) Notices: All notices and other communications given in connection with
this License shall be in writing and shall be deemed given as follows:
delivered personally to the recipient’s address as appearing in
introductory paragraph to this License;
– Three days after being deposited in the United States mail, postage
prepaid to the recipient’s address as appearing in the introductory
paragraph to this License; or
– When sent by fax or telex to the last fax or telex number of the
recipient known to the party giving notice. Notice is effective upon
receipt provided that a duplicate copy of the notice is promptly given by
first-class or certified mail or the recipient delivers a written
confirmation of receipt. Any party may change its address appearing in the
introductory paragraph to this License by given notice of the change in
accordance with this paragraph.
(e) No Agency: Nothing contained herein will be construed as creating any
agency, partnership, joint venture or other form of joint enterprise
between the parties.