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A content licensing agreement allows companies to repurpose or republish material through a legal contract. A content license agreement protects copyright holders and their intellectual property.Download this free Licensing Agreement template as a Word document to authorize another person or organization to have rights or royalties to your property. Content License Agreement - Yahoo! It is a legal document that allows businesses to repurpose or republish content. 2) a license to modify the Licensor Content. 2) a license to modify the Licensor Content. A Standard Document agreement granting a party a license to provide the other party's content on its website. In the content license agreement, the term will define the duration for which the license for the content will exist and will come to an end. Content Licensing Agreement.