License

The verb license or grant license means to give permission. The noun licence (or license in American spelling) is the document demonstrating that permission. License may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties.

See Also

SmallBusiness.com Glossary

Source

See Wikipedia


Link to this page: "http://smallbusiness.com/wiki/License"


 
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