Question: Par Lanceis an Australian software company that develops specialized training software for Japanese and Arabic translators. The software is designed for businesses that need to

Par Lanceis an Australian software company that develops specialized training software for Japanese and Arabic translators. The software is designed for businesses that need to complete formal negotiations. Not only does the software help translators practice their skills, it also provides cultural competency training. While it has 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. How can Par Lance protect its trade secrets from theft?

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