The verb license or grant license means to give permission. The noun licence (British, Indian, Canadian, Australian,New Zealand, Irish or South African English or license (American English) refers to that permission as well as to the document recording that permission.
A license may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties. A shorthand definition of a license is "an authorization (by the licensor) to use the licensed material (by the licensee).
A contract each contractual party must be a "competent person" having legal capacity. The parties may be natural persons ("individuals") or juristic persons ("corporations"). An agreement is formed when an "offer" is accepted. The parties must have an intention to be legally bound; and to be valid,
the agreement must have both proper "form" and a lawful object. In England (and in jurisdictions using English contract principles), the parties must also
exchange "consideration" to create a "mutuality of obligation," as in Simpkins v Pays
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