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Hi, thank you for the question.
The contract at section 10.2 states that the contract can be terminated if the Licensee's business (i.e the customer) ceases trading and goes in to liquidation. There is nothing in there to say you have to pay to the end of the term, so which clause is the company trying to rely upon in demanding you pay to the end of the 4th year?
I would rely upon the verbal representation made to you at the start of the contract and dispute the payment of the fees.
They may threaten to sue for them but the contract does not entitle them to the fees and not only that there was a verbal agreement in place at the start of the claim.
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