License Renewal
/ˈlaɪsəns rɪˈnuːəl/
Definitions
- (n.) The process of obtaining the extension or continuation of a previously granted license, authorizing ongoing legal use or activity.
The company submitted its application for license renewal before the expiration date.
Related terms
Commentary
License renewal typically requires compliance review to confirm eligibility for continued authorization; drafters should specify renewal procedures and conditions clearly in regulatory language.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.