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How is Licensing Requirements defined in legal contract?

• Licensing Requirements means compliance expectations, other than qualification requirements, with which a party must abide to either obtain, modify or renew permission to deliver a service. Seen in 8 SEC filings
• Licensing Requirements means rules outlined in the particular chapter and respective sections of a legislation or directive. Seen in 6 SEC filings
• Licensing Requirements means all legal, formal stipulations and orders from a regulatory body that apply to facilities regarding their initial or ongoing permission to operate. Seen in 4 SEC filings
• Licensing Requirements means legal prerequisites specifically related to the use of the assets. Seen in 1 SEC filing
• Licensing Requirements means all necessary legal and regulatory commitments that must be satisfied by the business entity or by its staff, for conducting business within a particular jurisdiction. Seen in 1 SEC filing
• Licensing Requirements means all necessary federal, state, and local permissions required by a party or its agents to conduct specific business activities in a specified region. Seen in 1 SEC filing
• Licensing Requirements means the stipulated conditions, standards, and evaluations that an applicant must fulfill or present prior to the granting or modification of a license. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Licensing Requirements means the legal conditions a party must satisfy to obtain, change, or maintain approval for conducting a particular activity.

Relevant Contract Types

• Software Licensing Agreement
• Franchise Agreement
• Distribution Agreement
• Consulting Agreement

Relevant Circumstances

• When a business wishes to license its intellectual property to another party
• When a business seeks to maintain regulatory compliance in the course of its operations
• When a service provider needs to follow specific rules to remain operational

Relevant Sectors

• Technology Sector
• Franchise Businesses
• Pharmaceutical Industry
• Consultancy Services

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Genie Definition 2

Licensing Requirements means specific rules within a [governing law] detailing the requirements for operating an approved service or facility.

Relevant Contract Types

• Healthcare Facility Agreements
• Construction Agreement
• Energy Generation and Distribution Agreement

Relevant Circumstances

• When constructing or operating a new facility
• When compliance requirements change as a result of new or amended laws
• When a healthcare facility wants to introduce new services

Relevant Sectors

• Construction Industry
• Healthcare Industry
• Energy Sector

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