The license is a right to use the application, granted under the End User License Agreement.
A license entitles you to:
Kaspersky Password Manager is available in two versions:
When your premium subscription for Kaspersky Password Manager expires, you can either renew it or switch to the free subscription. If you switch to the free subscription and have more entries than are allowed with the free subscription, you must choose which entries to keep. All other data will remain in the vault but will be unavailable for use.
After your subscription for the premium version of Kaspersky Password Manager expires, you may be offered a grace period, during which you can continue using the application without limitations. If you don't renew your subscription by the end of the grace period, the application will switch to the free version. To switch back to the premium version, buy a new subscription.