Regardless of what type of industry your company belongs to, understanding the different types of software licenses is vital in interpreting its terms and conditions precisely. By carefully doing so, you can conduct the right kinds of practices for each type of program and ensure that you observe software license compliance at all times.
Through this knowledge, you not only help reduce the risk of potentially wasting valuable assets used to purchase these licenses, but you can also make software asset management more efficient and simple for your teams.
Apart from that, negotiation between software customers and publishers can be improved as different licensing models determine how products such as license managers and software license management tools can be used.
If you want to take a more in-depth look at the basics of software licenses and their different models, take a look at the infographic below as your guide.