License Use Agreement

License Use Agreement

License Use Agreement

oboloo’s Glossary

A License Use Agreement (LUA) is a legal contract that outlines the rights and obligations of both the licensor and licensee when it comes to intellectual property. It defines the scope of allowed use for the licensed material, specifies any payment that may be due for its use, identifies limitations or restrictions placed on the license, and serves as an enforceable agreement between the parties. In other words, an LUA gives you permission to use something – in exchange for compliance with specific restrictions. So make sure you read your LUA closely before signing, or you could find yourself on the wrong side of the law!