Do I own the ebooks I get from Bookshop.org (or your affiliated bookstores' websites) or are they licensed?

The ebooks you “purchase” from Bookshop.org are licensed to you pursuant to Bookshop.org’s agreements with the ebook publishers. However, even in the case of an ebook being removed from Booksho.org by the publisher, users who purchased the ebook previously will continue to have access to the ebook file. Depending on the circumstances, in the unlikely event an ebook is removed from your library because of a rights issue or otherwise, Bookshop.org will refund the purchase price you paid.