contractual license

In property law, a contractual license is permission to use another person's property in exchange for some form of consideration. This is distinct from a bare license, which is simply granted permission without an exchange, or a license coupled with an interest, which involves the right to take possession of property on someone else's land.

Contractual licenses are often associated with intellectual property, such as rights to use property protected by patents, copyrights, or trademarks. The terms of the contract typically dictate whether a contractual license is assignable (transferable) or revocable by the property owner. Unlike a lease, which grants exclusive possession of property, a license grants permission to use property but not necessarily exclusive possession.12