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Glossary: License Agreement

What is License Agreement?

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A license agreement is a contract agreed between a client and the workspace operator. It usually sets out the initial terms of the agreement in a simple and flexible way, which should negate the need for a legal representative. Both parties agree and sign the agreement, and the contract may be renewed on a rolling monthly or quarterly basis.

In other words, a license agreement is an easy to understand legally binding contract which gives the customer permission to occupy a premise on easy in easy out terms and does not require a solicitor. A license is an ideal solution for a flexible workspace because it is used for short periods of time.

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