Unlike the Cloud's recurring subscription model, the On-Premise version operates on a "Perpetual License." When you evaluate pricing, you should view it as a capital investment. You pay a one-time fee for the license, which you own indefinitely. After the first year, there is an optional annual renewal fee (usually 25% of the license price) to continue receiving platform updates and technical support. If you choose not to renew, your software keeps working, but you won't receive new features or security patches.