Contract Glossary
License
Definition
A license is permission to use someone else's stuff, software, brand, patent, design, content, under specific rules. You don't own it. You're borrowing it, and the license terms define exactly how.
In Practice
You license a stock photo for your website. The license says 'non-exclusive, web use only, single domain, up to 500,000 impressions.' If you print the photo on 10,000 brochures, you've violated the license terms. The photographer can demand takedown, additional licensing fees, or sue for infringement. Same photo, different license = different rights. Always read the fine print.
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