Release Notes
If an audit reveals that Licensee is using the Licensed Software beyond scope
of the licenses Licensee has paid for, Licensee agrees to immediately pay The
Qt Company any amounts owed for such unauthorized use.
In addition, in the event the audit reveals a material violation of the terms
of this Agreement (underpayment of more than 5% of License Fees shall always be
deemed a material violation for purposes of this section), then the Licensee
shall pay The Qt Company's reasonable cost of conducting such audit.
12 TERM AND TERMINATION
12.1 Term
This Agreement shall enter into force upon due acceptance by both Parties and
remain in force for as long as there is any Development License(s) in force
("Term"), unless and until terminated pursuant to the terms of this Section 12.
12.2 Termination by The Qt Company
The Qt Company shall have the right to terminate this Agreement upon thirty
(30) days prior written notice if the Licensee is in material breach of any
obligation of this Agreement and fails to remedy such breach within such notice
period.
12.3 Mutual Right to Terminate
Either Party shall have the right to terminate this Agreement immediately upon
written notice in the event that the other Party becomes insolvent, files for
any form of bankruptcy, makes any assignment for the benefit of creditors, has
a receiver, administrative receiver or officer appointed over the whole or a
substantial part of its assets, ceases to conduct business, or an act
equivalent to any of the above occurs under the laws of the jurisdiction of the
other Party.
12.4 Parties' Rights and Duties upon Termination
Upon expiry or termination of the Agreement Licensee shall cease and shall
cause all Designated Users (including those of its Affiliates' and
Contractors') to cease using the Licensed Software and distribution of the
Redistributables under this Agreement.
Notwithstanding the above, in the event the Agreement expires or is terminated:
(i) as a result of The Qt Company choosing not to renew the Development
License(s) as set forth in Section 3.1, then all valid licenses possessed by
the Licensee at such date shall be extended to be valid in perpetuity under the
terms of this Agreement and Licensee is entitled to purchase additional
licenses as set forth in Section 10.2; or
(ii) for reason other than by The Qt Company pursuant to item (i) above or
pursuant to Section 12.2, then the Licensee is entitled, for a period of six
(6) months after the effective date of termination, to continue distribution of
Devices under the Distribution Licenses paid but unused at such effective date
of termination.
Upon any such termination the Licensee shall destroy or return to The Qt
Company all copies of the Licensed Software and all related materials and will
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Third-party software