How is Duly Licensed defined in a legal contract?
- Duly Licensed means possessing a current and valid license as required by law. Seen in 9 SEC filings
- Duly Licensed means having authorization to operate under any state or federal law, while upholding the appropriate license and certification as required. Seen in 2 SEC filings
- Duly Licensed means that an entity or individual has been properly and legally licensed by the correct authority to practice their profession within a particular state. Seen in 2 SEC filings
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Duly Licensed means holding a valid license as required by [governing law].
Relevant Contract Types
Relevant Circumstances
- When hiring professional services or experts.
- When engaging vendors to provide products or services.
- When granting or receiving a license for software, technology, or IP.
- When hiring freelancers in licensed professions.
Relevant Sectors
Genie Definition 2
- Duly Licensed means authorized and maintaining proper licensure and certifications as per [laws and regulations].
Relevant Contract Types
Relevant Circumstances
- When engaging manufacturers or distributors.
- When entering into a franchise agreement.
- When dealing with institutions or entities that require specific authorizations and certifications as per laws and regulations.
Relevant Sectors
Genie Definition 3
- Duly Licensed means appropriately and legally licensed by the relevant authority to practice a certain profession.
Relevant Contract Types
Relevant Circumstances
- When engaging consultants or advisors.
- When engaging an independent contractor in licensed professions.
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Duly Licensed means holding a valid license as required by [governing law].
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
