A license and agreement is a legal document that sets out the terms and conditions for the use of a product or service. The document outlines what rights are granted to the user, such as usage rights or the right to modify the product, as well as any restrictions to the license, including ownership of intellectual property or limitations on distribution. These documents ensure that both parties understand their rights and responsibilities before entering into an agreement. License and agreements are commonly seen in software licenses, but can also be used for other types of products or services. Knowing what’s in your license and agreement is key to protecting yourself and your business.