sublicense

[ suhb-lahy-suh ns ]
/ sʌbˈlaɪ səns /

noun

a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc.

verb (used with object), sub·li·censed, sub·li·cens·ing.

to grant a sublicense for.

Origin of sublicense

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019