64:06:01:73.  Definition of terms. Terms used in §§ 64:06:01:71 and 64:06:01:72, inclusive, mean:

          (1)  "Computer software maintenance contract," a contract that obligates a vendor of computer software to provide a customer with future updates or upgrades to either computer software or support services with respect to computer software, or both;

          (2)  "Software subscription," a transaction requiring additional payments for updates to prewritten computer software;

          (3)  "Software term license," a transaction where the purchaser's right to continue to use prewritten software is dependent on periodic payment.

          Source: 37 SDR 48, effective September 21, 2010.

          General Authority: SDCL 10-45-108.

          Law Implemented: SDCL 10-45-108.