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Creative Commons is an extension to digital contents licensing. It has brought a different dimension to the way content producers share their data among other entities. It provides free, easy-to-use legal tools that give everyone from individual user generated content creators to major companies and institutions a simple, standardized way to pre-clear usage rights to creative work they own the copyright to. This has had serious business and§social impacts. In this paper, the concept of Creative Commons licensing is introduced, followed by a description of the different types of licenses. Impacts in the business and social arena are also outlined.