Define: Licensed Premise
Licensed Premise means an approved area within [establishment type], owned or leased, for licensee's business including sale, service, and consumption of products.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Licensed Premise means an approved area within [establishment type], owned or leased, for licensee's business including sale, service, and consumption of products.
Relevant Circumstances
- Starting a new business operation requiring the use of a licenced premise
- Outsourcing production or manufacturing operations
- Leasing properties for commercial use