License - Real Property

The video tutorial explains the concept of ownership rights versus licenses. It clarifies that a license is not equivalent to ownership but rather a limited right to use property. The tutorial discusses how property use does not always entail possession rights, especially in the context of land. It further elaborates on how licenses allow specific activities on a property without granting ownership. Finally, it describes license agreements as mutual understandings where one party agrees not to enforce their exclusion rights against another party for certain activities.

What activities might be permitted on a property under a license?

What does it mean for one party to agree not to enforce their rights in a license agreement?