A Trade Name License Agreement is a legal document that allows companies to use the name of another business or individual for a specific purpose. It’s typically used when a company is looking to create and/or market a product or service under someone else’s name. Through this agreement, the licensor (owner of the trade name) gives the licensee (business using the trade name) permission to use the name, typically in exchange for an agreed-upon fee. This type of agreement can help protect both parties from lawsuits and other legal disputes stemming from unauthorized use of the name.