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In this video, trademark attorney Morris Turek discusses trademark licensing. He explains that trademark owners can allow others to use their trademark through a trademark license, which is an agreement specifying the conditions under which the trademark can be used. While it's not mandatory for such agreements to be in writing, it is highly recommended to have them documented. Each trademark license can vary in its terms, which are negotiable, but must include certain essential provisions, such as the names of the parties involved, a clear description of the trademark, and the specific products or services related to the license.