> For the complete documentation index, see [llms.txt](https://docs.cinelaunch.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cinelaunch.io/film-financing-fundamentals/film-license.md).

# Film License

In common usage, a **license** refers to any limited **grant of rights to a film**, with the owner retaining other rights to the film. 

**`For example:`**\
`A pre-sale is merely a license entered into prior to completion of a film. Thus, licenses encompass a broad array of grants of rights, ranging all the way from a one-day pay-per-view television license to a grant of all worldwide rights for a term of 25 years.`