Renew licence or resolve differences (9)

I believe the answer is:

reconcile

I'm a little stuck... Click here to teach me more about this clue!

'resolve differences' is the definition.
'reconcile' can be an answer for 'resolve' (thesaurus). I am unsure of the 'differences' bit.

'renew licence or' is the wordplay.
'renew' is an anagram indicator.
'licence'+'or'='licenceor'
'licenceor' anagrammed gives 'RECONCILE'.

Can you help me to learn more?

(Other definitions for reconcile that I've seen before include "accommodate" , "Show to be compatible" , "Renew friendship" , "Settle (a quarrel)" , "Square" .)

I've seen this clue in The Independent.

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