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Normally, a common user sign license agreement without understanding the agreement. License agreements are a form of information, which describes product's usage and its terms and conditions. Habitually, users agree with it but without understanding. In the today's information age, there is no integration of license agreements with any current technology. The contents of license agreements are out of scope for search engines. Management of license agreements using Semantic Web is a multi-disciplinary challenge, involving categorization of common features and structuring the required information in such semantics that is easily extendable and fulfilling the requirements of common user. In this paper construction of Semantic Web model for Online Shopping license agreement is discussed. The user requirements facilitate the construction of License Ontological model. Moreover, rules are used to capture the complex statements of "terms and conditions". Finally, an explicit semantic model for agreements is constructed that facilitates users' queries.