Define: Licensed Premise

The meaning of “Licensed Premise” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

How is Licensed Premise defined in a legal contract?

  • Licensed Premise means a property that is adjacent and contiguous to the licensed building and is either owned by the license holder or included in a lease agreement. Seen in 6 SEC filings
  • Licensed Premise means that area within a club which is designated for the Licensee's business activities. It does not include any Licensed Premise where this agreement has been terminated. Seen in 2 SEC filings
  • Licensed Premise means any structure or place occupied by a license holder for storage, sale, service, or consumption of beer or liquor. Multi-room establishments must designate a specific portion of the building for these uses. Seen in 1 SEC filing
  • Licensed Premise means the interior portion of a building and any area approved by the relevant authority for the sale, service and consumption of alcoholic beverages. The license premise may also include any area under the direct or indirect control of the licensee. Seen in 1 SEC filing
  • Licensed Premise means the combined area of the Manufacturing Premises and Distribution Premises. Seen in 1 SEC filing
  • Licensed Premise means the specified area within a store deemed suitable for the Licensee’s business activities. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of licensed premise' yourself to verify these results. We are always keen to point people to source documents.

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

  • Licensed Premise means an approved area within [establishment type], owned or leased, for licensee's business including sale, service, and consumption of products.

Relevant Contract Types

Relevant Circumstances

  • Starting a new business operation requiring the use of a licenced premise
  • Outsourcing production or manufacturing operations
  • Leasing properties for commercial use

Relevant Sectors

Genie Definition 2

  • Licensed Premise means the collective area of Manufacturing and Distribution premises within [organization name].

Relevant Contract Types

Relevant Circumstances

  • Setting up a new manufacturing facility
  • Outsourcing production or manufacturing operations
  • Leasing properties for manufacturing and distribution purposes

Relevant Sectors

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Licensed Premise" in your 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!)

What is the most popular definition of '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.

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