noun
Definition: A type of license that allows someone else to produce or sell products or services, even though they do not own the main rights to those products or services.
Example: The company decided to sublicense its technology to a smaller firm to expand its market reach.
transitive verb
Definition: To give permission to someone else to use a right or license that you have, usually in a legal context.
Example: The company decided to sublicense its technology to a smaller firm.