Trademark License is a term used when the proprietor of the trademark gives certain rights, with respect to the trademark, to the second party to use the trademark for some specific purpose. However, the proprietor does not transfer the owner of the trademark to the second party.
Key Considerations:
1. Scope of License: Always have a clarity on the purpose for which you are licensing the trademark to the second party, and only for those purposes, the trademark is licensed.
2. Term of the Agreement.
3. Whether the second party, to whom the trademark is licensed, is allowed to further sub-license it to the third party