"EULA" stands for End User License Agreement, a legal contract between a software developer or publisher and the end user. EULAs define how users can use the software, outlining rights, restrictions, and obligations. They typically cover important aspects such as intellectual property, limitations of liability, and procedures for termination. Understanding the EULA is essential for users to ensure they comply with the terms of use, as violating these terms can lead to loss of access or legal consequences. EULAs are standard in software distribution.