What is Regulatory License?
Regulatory License means any authorization, license, registration, permission, permit, easement, franchise, grant, variance, exception, exemption, consent, certificate, certification, approval, or confirmation of non-objection of any Governmental Entity of competent jurisdiction.
There are two types of regulatory licenses. One Common License and the other Industry-Specific License. Industry-Specific Licenses are also classified into two types, Manufacturing Licenses, and Service Licenses.