What does an inventions license do?
If it has anything to do with Inventions (drops, crafting, slotting, enhancement value, set bonuses), if you are not a VIP and don't have an Invention license, you can't get/use/do it.
http://paragonwiki.com/wiki/Invention_License
Paragon Wiki: http://www.paragonwiki.com
City Info Terminal: http://cit.cohtitan.com
Mids Hero Designer: http://www.cohplanner.com
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Thanks. That explanation is clearer than the Paragon Market's. 
What does an inventions license allow a premium player to do? Give, receive, sell, buy, craft, slot and make use of IOs?
And what can you do as a premium with IOs without an inventions license? Do they gray out?