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Under a perpetual license, a customer purchases the license to use the software and then pays annual support. This support fee gives you the right to contact Oracle for support and the right to use the latest version of the product, including all supported previous versions. For example: you buy internet Application Server (iAS) version 11, and install version 10, or have bought version 9, but now run version 11. - See more at: http://www.itassetmanagement.net/2010/03/01/oracle-licensing-quick-guide/#sthash.hfyfKXSR.dpuf
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