Operating License
/ˈɑːpəreɪtɪŋ ˈlaɪsəns/
Definitions
- (n.) A legal authorization granted by a governmental or regulatory agency permitting a person or entity to operate a business or undertake specific activities.
The company obtained an operating license before commencing construction.
- (n.) A permit allowing a facility or equipment to function within regulatory standards, often for safety or environmental compliance.
The factory was inspected to ensure its operating license remained valid.
Forms
- operating license
- operating licenses
Related terms
See also
Commentary
Operating licenses are crucial legal instruments that ensure compliance with regulatory requirements before engaging in specified activities; drafters should specify the scope and duration clearly to avoid ambiguity.
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.