There aren't many open source tools when it comes to managing licenses for the Java Application you have developed. Here are the ancient few:
TrueLicense
JLicense
A popular UI for license management is the use of Wizard class in Java Swing package.
One would also have to understand the basic about generating paired keys and certificates and signatures.
One of the key things I found for such a tool is the use of Java Preferences API to keep the state of the license ... however, it also comes with certain loopholes.
In comparison, there are aplenty commercial ones such as Agilis's.
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