The process of ensuring that a company's operations and activities adhere to all relevant laws, regulations, and contractual agreements, which includes:

 

Obtaining and maintaining necessary licenses for its business,

employees, and products

​

Managing the complexities of licenses to ensure they are used    

correctly according to their terms and conditions

​

Regular audits, record-keeping, and staying informed

about changes in laws

 

Successful licensing & compliance can streamline operations, reduce risk, and support business growth.