what is the recording time limit on the free download (before purchase)? And then what is the recording time limit on the licensed program?

With the free version you can record for up to 10 minutes per file with a watermark ("www.bandicam.com" on top of the video). With the registered version there is no time limit.

Thank you for the quick response. I can also assume that the watermark is gone with a registered version.

Thank you for the quick response. I can also assume that the watermark is gone with a registered version.

It'll be gone once licensed.