With a private licence you may use this music for your own personal use at home: listening, relaxing, meditating, or playing it during a private gathering.
Not allowed: playing the music in a business or in public, using it in videos, podcasts, social media or other publications, selling, sharing or passing on the file, or any other commercial use.
The copyright stays with the maker. Your licence stays valid if the song is later licensed exclusively to someone else.