👉 licitness is a legal concept in which an individual or entity is deemed to be capable of performing certain activities, tasks, or obligations. It typically refers to being able to perform specific actions or duties without any impairment or incapacity. In legal terms, licitness encompasses various aspects such as capacity, competence, and the ability to fulfill one's responsibilities effectively.
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What is the definition of Licitly? 🙋
👉 In the context of legal and regulatory matters, "licitly" typically refers to something that is legally or morally considered as being lawful or acceptable. It implies that a person or entity has not committed an illegal act but rather adhered to the rules set forth by law. For example: - If someone buys a car with a valid license plate, it's considered licitly. - In a legal context, if a company follows proper business practices and does not engage in unethical activities, they
What is the definition of Licitation? 🙋
👉 In legal terms, a "licitation" refers to the process of obtaining a license or authorization to do something. This could be related to various aspects of business, such as obtaining a permit for building a new property, obtaining an operating license for a restaurant, or obtaining a passport or visa. Licitations are essential in most countries and are typically granted by government agencies or regulatory bodies.
What is the definition of Licit? 🙋
👉 Licit is a legal term in the context of contracts. It refers to agreements that are considered valid and binding by law, meaning they have been signed by both parties involved and are legally recognized as having the same effect on both sides. Licit contracts typically include terms such as price, delivery date, and payment terms, among others.
