Licensing

What do I select if my product license is for both commercial AND non-commercial?
For products whose licensing is for both commercial AND non-commercial use, it is common practice to simply utilize the Commercial Use licensing. It is generally accepted that if a product is licensed for Commercial use, personal use of the same item is granted.

Does Content Paradise provide a standard Product License Agreement I can use?
No, licensing is up to the individual Seller, as they define the rights for their products.