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IMPORTANT – READ CAREFULLY: THIS SOFTWARE LICENSE AGREEMENT (THE “LICENSE AGREEMENT”) IS A LEGAL AGREEMENT BETWEEN YOU AND PERFORCE SOFTWARE, INC., A PERFORCE COMPANY (“PERFORCE”). IF YOU ARE INSTALLING THE LICENSED SOFTWARE FOR PERSONAL USE, THIS LICENSE AGREEMENT APPLIES TO AND BINDS YOU PERSONALLY. IF YOU ARE INSTALLING THE LICENSED SOFTWARE AS PART OF YOUR WORK FOR AN ORGANIZATION, THIS LICENSE AGREEMENT APPLIES TO AND BINDS SUCH ORGANIZATION. “LICENSEE” OR "YOU" AND “YOUR” REFER TO THE PERSON OR ENTITY THAT IS LICENSEE OF THE LICENSED SOFTWARE. BY INSTALLING, COPYING, OR OTHERWISE USING THE LICENSED SOFTWARE THAT ACCOMPANIES THIS LICENSE AGREEMENT, YOU OR SUCH ORGANIZATION AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS LICENSE AGREEMENT. IF YOU OR SUCH ORGANIZATION DOES NOT AGREE TO BE BOUND BY THIS LICENSE AGREEMENT, YOU MAY NOT USE, COPY OR INSTALL THE LICENSED SOFTWARE.
4.1 Acceptance of Licensed Software. Except as may otherwise be agreed upon in writing between PERFORCE and Licensee, the Licensed Software shall be deemed to be accepted upon delivery of the Licensed Software and Documentation.
4.2 Fees. License fees, and, if applicable, Maintenance and Support fees, will be as set forth on the applicable invoice. All license fees and Maintenance and Support fees that are invoiced to Licensee will be payable by Licensee in United States Dollars, unless otherwise billed in another currency as provided in the invoice.
4.3 Payment. Except as otherwise provided in an invoice, all invoices shall be due and payable within thirty (30) days after the invoice date. If Licensee fails to pay any amounts due under this License Agreement by the due date, PERFORCE will have the right to charge interest at a rate equal to the lesser of 1.5% per month, or the maximum rate permitted by applicable law, until Licensee pays all amounts due.
4.4 Automatic Renewal. Unless otherwise agreed upon in writing between PERFORCE and Licensee, Maintenance and Support and Licensed Software licensed as a subscription under this License Agreement will automatically renew upon the expiration of the term specified in your existing order (the “Anniversary Date”) for a period of equal duration (the “Renewal Term”), and the Maintenance and Support fee and/or the Licensed Software subscription license fee for such Renewal Term will be invoiced at least 45 days prior to the upcoming Anniversary Date, unless either party provides written notice of its intent not to renew the Maintenance and Support at least 60 days prior to the Anniversary Date. PERFORCE reserves the right to increase the Maintenance and Support fee and/or the Licensed Software subscription license fee for the Renewal Term in an amount not to exceed five percent (5%) over the fees charged in the prior, expiring term (which such increase will not take into account any transaction incentives included on a prior order).
4.5 Taxes. All License and Maintenance and Support fees are exclusive of all sales, value added taxes, goods, and services taxes, withholding taxes, customs duties, or similar taxes, duties, and charges (collectively, “Taxes”). Such Taxes shall be incremental to any License and Maintenance and Support fees and shall be payable by Licensee in accordance with applicable law. Licensee shall pay to PERFORCE an amount equal to any such Taxes actually paid, or required to be collected and paid, by PERFORCE with respect to the transactions contemplated in this License Agreement, and under any subsequent invoice, unless Licensee provides PERFORCE with a fully-completed certificate of exemption from any Taxes required to be collected and paid by PERFORCE, which such acceptance of the certificate of exemption will be subject to PERFORCE’s reasonable discretion.