Abstract: The present invention discloses an improved system and method for managing licensing data that may be applied to any property, product and/or service licensing model. The licensing management system and method may further include client and server managed security features to control or otherwise monitor and/or restrict the use and re-distribution of licensed subject matter. In one specific application, the present invention provides, for example, a system and method for licensing software applications over a network on a user self-serve, subscription-based model. The present invention, in addition to providing “out-of-the-box” functionality, also provides the user with the ability to optionally customize the implementation of the licensing management system to uniquely conform to specific user goals.