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AMENDMENT NO. 2 TO THE RETAIL PRO SOFTWARE LICENSE AGREEMENT

Software License Agreement

AMENDMENT NO. 2 TO THE RETAIL PRO SOFTWARE LICENSE AGREEMENT | Document Parties: Intuit Inc | Retail Pro Software | Retail Technologies International, Inc You are currently viewing:
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Title: AMENDMENT NO. 2 TO THE RETAIL PRO SOFTWARE LICENSE AGREEMENT
Date: 2/11/2005

AMENDMENT NO. 2 TO THE RETAIL PRO SOFTWARE LICENSE AGREEMENT, Parties: intuit inc , retail pro software , retail technologies international  inc
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EXHIBIT 10.1

 

AMENDMENT NO. 2

TO THE

RETAIL PRO SOFTWARE LICENSE AGREEMENT

This is Amendment Number 2 and Attachment 1, effective as of January 5, 2005

(the " Amendment") to the Retail Pro Software License Agreement, dated as of

December 6, 2002 (the "Agreement") between Intuit Inc., a Delaware corporation

("Intuit"), and Retail Technologies International, Inc., a California

corporation ("RTI").

RECITALS

A. The Agreement provides that certain licenses granted by Intuit to RTI

will expire on December 6, 2005 and December 6, 2006.

B. The parties now wish to extend the term of those certain license rights

detailed in this Amendment by one (1) year along with all of the

rights, restrictions, provisions and royalties that pertain to those

license rights.

C. The parties agree that, unless defined herein, defined terms will have

the meaning given them in the Agreement.

NOW, THEREFORE, Intuit and RTI acknowledge and agree to amend the Agreement as

follows:

1. Section 1.5 is modified as follows:

"EXISTING RTI CUSTOMER" means any person or entity to whom RTI, its Affiliates,

or any Reseller (as defined in SECTION 2.3(a)) has first licensed, sold, or

distributed copies of the Retail Pro Software (i) prior to the Effective Date,

or (ii) between the Effective Date of this Agreement and December 31, 2006."

2. The third sentence in Section 2.2(a)(i) is modified as follows:

"The license granted in this SECTION 2.2(a)(i) will automatically terminate upon

the fifth anniversary of the Effective Date."

3. The last sentence in Section 2.3(a) is modified as follows:

"This license will automatically terminate upon the fourth anniversary of the

Effective Date."

4. The second sentence in Section 2.3(b) is modified as follows:

"The license granted in this SECTION 2.3(b) will be effective only from the

Effective Date through the fifth anniversary of the Effective Date, after which

such license will automatically terminate."

<PAGE>

5. Section 4.1(b) is modified as follows:

"FROM SIX MONTH ANNIVERSARY OF THE MANUFACTURING RELEASE THROUGH FOURTH

ANNIVERSARY OF THE EFFECTIVE DATE. If at any time after the six month

anniversary of the Manufacturing Release and before the fourth anniversary of

the Effective Date, RTI, any of its Affiliates, or a Reseller sells, licenses,

or distributes a copy of the Retail Pro Software to any end user who purchases

three (3) or fewer Inventories, none of which have ten (10) or more Seats and

all of which are located in the Restricted Territory, then for each copy of the

Retail Pro Software distributed to any such end user, RTI will pay to Intuit a

royalty of seventy-five percent (75%) of revenues received by RTI from the sale

of such copy less sales, use and excise taxes, amounts credite


 
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