diff --git a/app/Http/Controllers/PluginDirectoryController.php b/app/Http/Controllers/PluginDirectoryController.php
index 6e2496bb..6b71c4bb 100644
--- a/app/Http/Controllers/PluginDirectoryController.php
+++ b/app/Http/Controllers/PluginDirectoryController.php
@@ -85,19 +85,23 @@ public function license(string $vendor, string $package): View
     {
         $plugin = Plugin::findByVendorPackageOrFail($vendor, $package);
 
-        abort_unless($plugin->isApproved(), 404);
+        $user = Auth::user();
+
+        $isAdmin = $user?->isAdmin() ?? false;
+        $isOwner = $user && $plugin->user_id === $user->id;
+
         abort_unless($plugin->isPaid(), 404);
         abort_unless($plugin->license_html, 404);
+        abort_unless(($plugin->isApproved() && $plugin->is_active) || $isAdmin || $isOwner, 404);
 
-        $user = Auth::user();
-
-        // For paid plugins, check if user has an accessible price
-        if (! $plugin->hasAccessiblePriceFor($user)) {
+        // For paid plugins, check if user has an accessible price (admins and owners bypass)
+        if (! $isAdmin && ! $isOwner && ! $plugin->hasAccessiblePriceFor($user)) {
             abort(404);
         }
 
         return view('plugin-license', [
             'plugin' => $plugin,
+            'isAdminPreview' => (! $plugin->isApproved() || ! $plugin->is_active) && ($isAdmin || $isOwner),
         ]);
     }
 }
diff --git a/resources/views/plugin-license.blade.php b/resources/views/plugin-license.blade.php
index 91d9c589..d4e78b1a 100644
--- a/resources/views/plugin-license.blade.php
+++ b/resources/views/plugin-license.blade.php
@@ -3,6 +3,19 @@
         class="mx-auto mt-10 w-full max-w-3xl px-5 md:mt-14"
         aria-labelledby="license-title"
     >
+        @if ($isAdminPreview ?? false)
+            <div class="mb-6 rounded-xl border border-amber-300 bg-amber-50 p-4 text-center dark:border-amber-600 dark:bg-amber-950/50">
+                <p class="text-sm font-medium text-amber-800 dark:text-amber-200">
+                    Preview &mdash; This plugin is not publicly visible.
+                    @if ($plugin->isApproved() && ! $plugin->is_active)
+                        It has been de-listed.
+                    @else
+                        Status: {{ $plugin->status->label() }}
+                    @endif
+                </p>
+            </div>
+        @endif
+
         <header class="relative">
             {{-- Back button --}}
             <div
diff --git a/tests/Feature/PluginLicensePreviewTest.php b/tests/Feature/PluginLicensePreviewTest.php
new file mode 100644
index 00000000..76b8ce20
--- /dev/null
+++ b/tests/Feature/PluginLicensePreviewTest.php
@@ -0,0 +1,171 @@
+<?php
+
+namespace Tests\Feature;
+
+use App\Features\ShowPlugins;
+use App\Models\Plugin;
+use App\Models\PluginPrice;
+use App\Models\User;
+use Illuminate\Foundation\Testing\RefreshDatabase;
+use Laravel\Pennant\Feature;
+use Tests\TestCase;
+
+class PluginLicensePreviewTest extends TestCase
+{
+    use RefreshDatabase;
+
+    protected function setUp(): void
+    {
+        parent::setUp();
+
+        Feature::define(ShowPlugins::class, true);
+    }
+
+    private function createPaidPluginWithLicense(array $pluginAttributes = []): Plugin
+    {
+        $plugin = Plugin::factory()
+            ->paid()
+            ->create(array_merge([
+                'license_html' => '<p>License agreement content</p>',
+            ], $pluginAttributes));
+
+        PluginPrice::factory()->regular()->create([
+            'plugin_id' => $plugin->id,
+            'amount' => 2999,
+        ]);
+
+        return $plugin;
+    }
+
+    public function test_guest_cannot_view_pending_paid_plugin_license(): void
+    {
+        $plugin = $this->createPaidPluginWithLicense();
+
+        $this->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(404);
+    }
+
+    public function test_regular_user_cannot_view_pending_paid_plugin_license(): void
+    {
+        $user = User::factory()->create();
+        $plugin = $this->createPaidPluginWithLicense();
+
+        $this->actingAs($user)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(404);
+    }
+
+    public function test_admin_can_view_pending_paid_plugin_license(): void
+    {
+        $admin = User::factory()->create(['email' => 'admin@test.com']);
+        config(['filament.users' => ['admin@test.com']]);
+
+        $plugin = $this->createPaidPluginWithLicense();
+
+        $this->actingAs($admin)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(200);
+    }
+
+    public function test_owner_can_view_pending_paid_plugin_license(): void
+    {
+        $owner = User::factory()->create();
+        $plugin = $this->createPaidPluginWithLicense(['user_id' => $owner->id]);
+
+        $this->actingAs($owner)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(200);
+    }
+
+    public function test_admin_sees_preview_banner_on_pending_paid_plugin_license(): void
+    {
+        $admin = User::factory()->create(['email' => 'admin@test.com']);
+        config(['filament.users' => ['admin@test.com']]);
+
+        $plugin = $this->createPaidPluginWithLicense();
+
+        $this->actingAs($admin)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertSee('Preview')
+            ->assertSee('This plugin is not publicly visible')
+            ->assertSee('Pending Review');
+    }
+
+    public function test_owner_sees_preview_banner_on_pending_paid_plugin_license(): void
+    {
+        $owner = User::factory()->create();
+        $plugin = $this->createPaidPluginWithLicense(['user_id' => $owner->id]);
+
+        $this->actingAs($owner)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertSee('Preview')
+            ->assertSee('This plugin is not publicly visible')
+            ->assertSee('Pending Review');
+    }
+
+    public function test_approved_paid_plugin_license_does_not_show_preview_banner(): void
+    {
+        $plugin = $this->createPaidPluginWithLicense(['status' => 'approved', 'approved_at' => now()]);
+
+        $this->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(200)
+            ->assertDontSee('This plugin is not publicly visible');
+    }
+
+    public function test_admin_sees_preview_banner_on_delisted_paid_plugin_license(): void
+    {
+        $admin = User::factory()->create(['email' => 'admin@test.com']);
+        config(['filament.users' => ['admin@test.com']]);
+
+        $plugin = $this->createPaidPluginWithLicense([
+            'status' => 'approved',
+            'approved_at' => now(),
+            'is_active' => false,
+        ]);
+
+        $this->actingAs($admin)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertSee('Preview')
+            ->assertSee('It has been de-listed');
+    }
+
+    public function test_guest_cannot_view_delisted_paid_plugin_license(): void
+    {
+        $plugin = $this->createPaidPluginWithLicense([
+            'status' => 'approved',
+            'approved_at' => now(),
+            'is_active' => false,
+        ]);
+
+        $this->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(404);
+    }
+
+    public function test_free_plugin_license_returns_404(): void
+    {
+        $plugin = Plugin::factory()->approved()->free()->create([
+            'license_html' => '<p>License content</p>',
+        ]);
+
+        $this->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(404);
+    }
+
+    public function test_paid_plugin_without_license_html_returns_404(): void
+    {
+        $admin = User::factory()->create(['email' => 'admin@test.com']);
+        config(['filament.users' => ['admin@test.com']]);
+
+        $plugin = Plugin::factory()->pending()->paid()->create([
+            'license_html' => null,
+        ]);
+
+        PluginPrice::factory()->regular()->create([
+            'plugin_id' => $plugin->id,
+        ]);
+
+        $this->actingAs($admin)
+            ->get(route('plugins.license', $plugin->routeParams()))
+            ->assertStatus(404);
+    }
+}