Academy-award winner Richard Dreyfuss is here to help you understand your rights and obligations as an iTunes customer; at CNet's behest, he's read 2,000 or so words that comprise the iTunes EULA.
c. Termination. The license is effective until terminated by You or Application Provider. Your rights under this license will terminate automatically without notice from the Application Provider if You fail to comply with any term(s) of this license. Upon termination of the license, You shall cease all use of the Licensed Application, and destroy all copies, full or partial, of the Licensed Application.