Since licenses could also be viewed as IP, is it possible to release a license under another (or even the same) license, which could impose conditions on the usage of said license?
All (non-trivial) licenses are copyrighted so any use you make of them is subject to the terms under which they are released. For example, the GNU GPL v3 explicitly states:
Copyright © 2007 Free Software Foundation, Inc. https://fsf.org/
Everyone is permitted to copy and distribute verbatim copies of this license document, but changing it is not allowed.
Other licenses may not be quite as explicit about the terms under which they are released, but the same principle applies.
Yes, e.g. a lawyer can create a tools to build licenses from blocks text. It may license you to build one license, or maybe more licenses, including also your address or the court which should handle disputes. Movies, musics have similar "templates".
If you go to a lawyer to create a new license, you may get a restriction on the use (just for one project you agreed), so yes.
Just it makes not much sense for open source: you can remove all code and create a new project, so you can use the old license and you still conform on it. If you cannot do it, the original license is not open source. Also the "restriction of court" is often not be considered open source (excess burden on distributor/modifier of code).
And also if you change the license text, the code is still licensed with the old license. So you may deceive the users.