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What is a software "license"?

A software license is the legal term for the right to possess a product. Some software companies' End User License Agreements (EULAs) state that their product is not owned, but licensed. This merely means that the software company retains the right to control the usage of its intellectual property and you are subject to the terms of the EULA. For COSL purposes, a "license" represents one installation of a product.

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