3.1

This EULA shall take effect from the moment that the End User indicates his acceptances with the terms and conditions of this EULA or by using the Induxx Software Product in any other way. This EULA is entered into for an indefinite period of time.

3.2

Notwithstanding its right to claim for damages Induxx may, at its discretion, terminate the EULA by operation of law and without prior notice by the mere sending of a registered letter to the End User in the following cases:

• A repeated or serious breach of the contractual obligations by the End User, such as, but not limited to a wrongful use of the License.
• In case the End User has requested a postponement of payment, is bankrupt, has suspended its payments, has an unstable credit or is manifestly insolvent.
• In case of dissolution and/or liquidation of the End User’s company.
• If the End User’s assets or a part of the End User’s assets are executive and/or precautionary seized at the request of a creditor, or in case of other executive or precautionary measures against the assets of the End User.
• Where there is evidence or strong suspicion of fraud by the End User. The termination will take immediate effect.

3.3

The End User is entitled to terminate this EULA at all times. Upon termination, the End User shall promptly return the Induxx Software Product, all copies of this Induxx Software Product to Induxx. Such termination does in no way entitle the End User to any form of compensation whatsoever.

3.4

Termination of this EULA, for any reason whatsoever, shall, with immediate effect, terminate all rights and licenses granted by Induxx to the End User under the provisions of the present EULA.