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Software licensing terms and conditions usually include fair use of the software, the limitations of liability, warranties and disclaimers. They also specify protections if the software or its use infringes on the intellectual property rights of others. Software licenses typically are proprietary, free or open source.
A software license key is a combination of numbers and/or letters that authorizes the use of software. This unique code is used to verify a purchaser's right to software and makes it available for use, so long as the license key has not already been used.
Key Takeaways. A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
A license agreement sets out how the licensed copy of the technology can and cannot be used, who owns it and any limits on liability in its use. License agreements are very common, often appearing on-screen when installing new software or updates, and even on the Internet when accessing data services or applications.
Trial License Agreement or ?Agreement? means the entire agreement between the Licensor and the Licensee including these Terms and Conditions for Trial Software and the associated Privacy Policy and Software Specification.
Trial License means a License granted to a User or an Organization for a limited duration (30 days), to enable the User or the Organization to evaluate the Software and to determine whether to purchase the non-trial version of the Software.