The verb license or grant license means to give permission. The noun license (or licence in British spelling) is the document demonstrating that permission. 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 "a promise (by the licensor) not to sue (the licensee)." Intellectual property A licensor may grant license under "intellectual property" to do something (such as copy softw… (More on License)