Licensing IP

Besides registering or buying a trademark outright it is possible to License the rights to the Trademark or IP rights. Generally this is a lower cost solution.
The way it works is that in return for a monthly fee you can be granted a license to use the Trademark rights from the owner of the IP. The rights can be exclusive or non exclusive.

Licensing is a great solution for a smaller business as the upfront cost is usually less and it can be much quicker than the time and uncertainty associated with a new registration.

A typical example of a license agreement is here: Licensing Contract