Excerpt from the Android Market Business and Program Policies:
Quote:
2. Android Market Business Policies
Returns: You have 24 hours from the time of purchase (not download) to return any applications purchased from Android Market for a full refund of any applicable fees. The option to return an application within this timeframe will be made available to you through the Android Market user interface. You may not return any Products other than applications.
Upgrades: Android Market does not provide upgrade functionality for any Products. If a Product offers free or paid upgrades, those upgrades must be obtained directly from the Developer responsible for the Product.
Reinstalls: You are allowed an unlimited number of reinstalls of each application obtained via the Market.
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Just thought that was worth sharing. Although i kinda wish it was the other-way-around.
You get 24 hours grace before you need to purchase the app/game in order to keep using it.