This is a recorded session from 2017's Agreeement Maintenance Course. For attendees who play a role in managing executed license agreements, the ability to read a license agreement and to understand each party's obligations under it is a key skill for doing your job effectively. This session will help attendees understand the obligations - both your institution's and the licensees' - owed under license agreements. Using examples, this session will provide an explanation of the sections and terms of typical license agreements, with attention to those most relevant to administrators. The session will include an interactive discussion of best practices for reporting, invoicing, and calendaring to ensure that your university receives the money, reports, and other obligations due under a license for years to come.