Regulatory Approval
/ˌrɛɡjʊˈleɪtəri əˈpruːvəl/
Definitions
- (n.) Official permission from a governmental or regulatory body authorizing a product, service, or business activity to proceed under compliance with specific legal standards.
The pharmaceutical company's drug received regulatory approval after extensive clinical trials.
Forms
- regulatory approval
Related terms
See also
Commentary
Regulatory approval typically involves meeting predefined criteria and standards set by relevant authorities; drafting contracts should clearly specify the approval scope and conditions.
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.