>>>>I need to describe to a prospective customer that the product licensing requires annual license fees. Is "annual license fee" a good term to use in this context? Or you would suggest a different terminology?
>>>>TIA
>>>
>>>It sounds good to me. You might also consider talking about a "maintenance fee".
>>
>>There is actually a "support and maintenance fee." But I wanted to make sure that the prosective customer understands that if they do not pay the "annual license fee" the program will stop working.
>>Thank you.
>
>I'd call it a license fee.
>In effect, you are leasing the software, not selling it.
Thank you.
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