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In this 2022 Canva licensing update, Maria Spear Ollis discusses the terms of Canva's license agreement regarding the use of its content. She highlights what users can and cannot do with both free and pro content, including photos, icons, illustrations, video, audio, fonts, templates, and pro music. To understand usage rights, users should hover over the content and click the info icon for details. Maria emphasizes the importance of being aware of licensing terms when creating content on Canva and promises to share a key overarching rule to remember at the end of the tutorial.