Understanding License System of Enterprise
The word license simply means to give permission. License can also be defined as an authorization by licensor to use the licensed material by the licensee. A license may be granted by a party called licensor to another party called licensee as an element of an agreement between those parties. In particular a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee and/or proving a capability. The requirement may also serve to keep the authorities informed on a type of activity, and to give them the opportunity to set conditions and limitations. Read more:Â https://www.entrepreneurshipsecret.com/understanding-license-system-of-enterprise/ Read the full article
