As I read through the many interesting answers, especially the ones debating the ethics of using a logic bomb, it occurred to me that there may be an ethical way to do this. How about simply telling the company that the software is time-limited, much as is done with trialware? That would at least eliminate the problem of using shady tactics - they'd know beforehand that the software would need to be renewed at the end of the contract term. You could set it up to respond to more than one activation key, perhaps, or just make the new working version available once they've paid. Just a thought.
I'm thinking that if they have a problem with that, they probably have no intention of paying you anyway.
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