'Rayve' is defined as all software, files and media downloaded as part of Raylogic's Rayve 3D Game Engine.
'Licensee' is defined as a single natural person that has paid for a license to use Rayve.
Rayve is proprietary, closed source software owned by Raylogic.
Rayve is made available "as is" without any warranty whatsoever, expressed or implied. Use of Rayve indicates agreement that Raylogic cannot be held liable for any type of damages, direct or indirect.
Rayve is for use by the licensee only. No part of the Rayve distribution can be shared with others.
A license grants the licensee permanent use of Rayve along with any future updates, unless the licensee violates the terms of the license, in which case the license can be revoked.
A licensee can create and distribute compiled/binary software that uses Rayve as long as it is 'non-competing', meaning the licensee cannot distribute software using Rayve that enables others to develop their own software with ray tracing capability.
Any statements Raylogic makes about future plans for Rayve are made in good faith. However, these statements are speculative and not given as guarantees or legal commitments.
There are no royalties on software created with Rayve. Over time license fee may increase for new licensees. No refunds are available.
Thank you for using Rayve!