Your company produces a quality component product that is used in the manufacture of highscale stereo equipment. The component is manufactured through the use of special software developed by your company. The component and associated software are covered under a number of U.S. patents and copyrights. In addition, your company holds a federally registered trademark that stereo manufacturers are allowed to use in the marketing of their products.Your company has made it a strategic goal to expand the production and sale of the components overseas. It is considering licensing the technology in exchange for royalties;

however, it wants to protect the market of its domestic manufacturers. What steps should be taken to maximize protection of the company’s intellectual property rights? What license terms should your company insist upon?