LIT is an eBook file extension that is similar to CHM files. It is associated with the Microsoft Reader. DRM is applied to protect the digital rights of LIT files. It is incompatible with other devices and software. So it does not support several eBook readers like Kindle, Nook etc.
OEB is an XML based eBook file format. It is an open eBook Standard that can make order of the multiple sources and make the multiple sources into a single file. This file is DRM protected so the digital copyright of this book is available with this format. This format is used n online eBook stores.
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