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sublicense

[suhb-lahy-suh ns] /sʌbˈlaɪ səns/
noun
1.
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), sublicensed, sublicensing.
2.
to grant a sublicense for.
Origin of sublicense
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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