Par Lance is an Australian software company that develops specialized training software for

Japanese and Arabic translators. The software is specially designed for businesses that need to

complete formal negotiations. Not only does the software help translators practice their skills, but

it also provides cultural competency training. While they have been established in the domestic

market for six years, Par Lance is negotiating a licensing agreement of the product to a large

multinational client, Syarikat Co., in Singapore.

a) What licensing agreement risks does Par Lance need to investigate?

b) What are some licensing agreement clauses that Par Lance will need to seriously

consider?

c) How can Par Lance better protect itself from trade secret theft?