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NEW DECISION regarding licenses

  • Bloq
  • 23-Oct-2025, 10:43
  • 9
NEW DECISION regarding licenses

NEW DECISION regarding licenses


Form and Procedure for Concluding a License Agreement Approved

Minister of Economy Mikayil Jabbarov has signed the corresponding decision.

According to the document, this Procedure determines the form and method of concluding a license agreement for the type of activity “installation and operation of fuel and gas supply facilities” (with specification of the activity type), in accordance with the implementation of the Law “On Licenses and Permits.”

A legal entity, branch, or representative office of a foreign legal entity, as well as an individual entrepreneur who has been granted a license for the installation and operation of fuel and gas supply facilities (with specification of the activity type), must conclude a license agreement with the Ministry of Economy within 30 days from the date the license is issued.

The license agreement is executed in writing and for an indefinite period.

The terms used in this Procedure have the meanings set out in the Law “On Licenses and Permits” and other legislative acts.

The license holder, along with documents required by legislation, submits two signed copies of the license agreement to the Ministry, which — in the case of a legal entity, branch, or representative office of a foreign legal entity — must also be sealed.

The Ministry signs the license agreement within 30 days from the date the license is issued and delivers it to the license holder.

Except in cases established by law, the parties cannot refuse to sign this agreement.

The license agreement enters into force on the date the license holder is notified of the conclusion of the agreement, as provided by Article 62 of the Law “On Administrative Proceedings.”

If the license agreement is not concluded within 30 (thirty) days from the date of license issuance, the relevant license produces no legal effect.

The license agreement may be terminated in accordance with the procedure defined by the Civil Code and the Law “On Administrative Proceedings.”

For reference, the decision was adopted on October 10, registered in the State Register of Legal Acts on October 21, and entered into force on October 22.

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Accounting and Financial Services
28-Jun-2021 | Xidmətlər

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