This was also my interpretation (when the subject was mentioned at Zcon1), as I recall, and it matches this statement (from this thread) pretty clearly:
Attempting to interpret @zooko’s original post in this thread:
I read this as requesting the addition of a clause that would prevent either organisation from failing to vote for trademark enforcement against a software version which was not decided upon by the Community Advisory Panel - @zooko is that accurate?
… but I am not totally sure what veto scenario this refers to - the same one, where the trademark is not enforced against a software version which was not decided upon by the Community Advisory Panel? That scenario doesn’t involve using the trademark, however, which is confusing, so instead this could refer to a case when one of the two entities enforces the trademark against a software version which was decided upon by the Community Advisory Panel - but in a 2-approvals-required multisignature agreement no individual entity could unilaterally use the trademark, so that doesn’t make sense either.