A legal instrument/document which governs the use and or redistribution of software.
License Types
Free and Open
Public Domain
Completely waives all copyright protections.
Permissive Licenses
Grants use rights, include the right to re license and sell derivatives
Copyleft Licenses
Grants use rights, but forbids the ability to sell derivative works.
Non-free
Noncommercial Licenses
Grants rights only for non-commercial usage.
Proprietary Licenses
The traditional usage of copyright laws. No rights need to be given or granted. All rest with the rights holder
Trade Secret
No information about the product is made public.
Source Available
Grants usage rights but restricts them to certain use cases. This is specifically not free or copyleft software