License

A license (American English) or licence (Commonwealth English) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreement between those parties. In the case of a license issued by a government, the license is obtained by applying for it.

Extends: Licenses, Licensing, [Business law](https://wikipedia.org.ai/Business law), [Strategic alliances](https://wikipedia.org.ai/Strategic alliances), [Revenue models](https://wikipedia.org.ai/Revenue models)