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Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Licence

Also called: license

ELI5

Formal permission to conduct a regulated activity, subject to conditions.

Used in conversation

“Counsel wants licence clarified before anyone signs.”

Pitch context

You will see “Licence” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.