What is the term of a license
What is the term of a license. Is it permanent or number of years?
In simplest terms it’s how long the duration of the license is. In most cases a license is a permanent and can’t be transferred. (This generally applies to software purchases). In other cases it’s time based where it’s like a lease and you only have it for that term (most terms are 5 years or longer) and in those five years you can get upgrades or whatever else changes within the program.