by Julie Aubin-Perron A licence is an agreement in which a licensor allows a licensee to use certain rights under certain conditions and for the purposes set out in the agreement. In the arts, often the rights in question are rights in a work, for example, the right to reproduce a song. What’s in it for the licensor? The chance to make a profit and to get their work circulated more widely. Usually, the licensor will receive royalties on sales. An important advantage of a licence is that it typically allows the licensor to retain full ownership of its rights,.