Explore the regulatory & statutory requirements for your business. 

An exclusive license grants one licensee sole rights to use the IP, preventing even the owner from licensing it to others. 

Some licenses allow transfer or sublicensing, but only if the original agreement explicitly permits it.

Licensing grants use of IP only, while franchising grants both trademark and system or business model rights.

Businesses need proper licenses to legally operate, comply with government regulations, avoid penalties, and build credibility with customers, investors, and authorities.

Operating without required licenses may lead to heavy penalties, business closure, legal action, or rejection of future license applications by authorities.

The time required varies depending on license type, documentation accuracy, and government processing timelines, usually ranging from a few days to several weeks.

Typical documents include identity proof, address proof, business registration details, ownership documents, and other compliance-related certificates depending on license type.

Yes, depending on industry and operations, businesses often need multiple licenses such as trade, health, environmental, or sector-specific permits.

Renewal frequency depends on license type, usually annually or every few years, requiring compliance verification and updated business information.