License

A license is an agreement by the owner of property (including intellectual property), which permits a person or legal entity to exploit that property in a manner which it could otherwise not legally do.

A software license, for example, may authorize the licensee to access, use, distribute, perform, modify, and/or reproduce the software, but xpressly limits the access or uses authorized or expressly grants fewer than all rights in the software, whether or not the transferee has title to a licensed copy. The term also includes an access contract, a lease of a computer program, and the consignment of a copy.