Description
Draft a contract clause, containing a minimum of 175 words, regarding one of the following topics:
- Intellectual Property Clause regarding company ownership of employee created works
- Intellectual Property Clause regarding a third party's use of at least two types of your business' intellectual property
Discuss the following in a minimum of 875 words:
- Explain the legal issues addressed by your selected topic/clause and how your contract clause can be applied within a business managerial setting.
- Summarize the potential legal defenses available to contract formation.
- Evaluate the potential remedies for breach of contract that might be available if someone breached the contract clause you created.Cite a minimum of 3 peer-reviewed references. Peer-reviewed references do not include websites, newspapers, or popular magazines.Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment as a Microsoft® Word document.Based on
- Cheeseman, Henry (2016). Contemporary Business Law (8th ed.). Upper Saddle River, NJ:
Pearson Education, Inc.
- Chapter 7: Intellectual Property and Cyber Piracy
- Chapter 9: Nature of Traditional and E-Contracts
- Chapter 10: Agreement and Consideration
- Chapter 11: Capacity and Legality
- Chapter 12: Genuineness of Assent and Statute of Frauds
- Chapter 13: Third-Party Rights and Discharge
- Chapter 14: Breach Of Contract And Remedies

Explanation & Answer

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Topic: Intellectual Property
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Introduction
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Question Analysis
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References
Running Head: INTELLECTUAL PROPERTY
1
Intellectual Property
Name
Institutional Affiliation
INTELLECTUAL PROPERTY
2
Intellectual Property
Contract Clause Intellectual Property
Intellectual Property Clause
Under this section, the employee is permitted to all inventions, innovations and
discoveries made without the help of resources from the company. The inventions, innovations
and discoveries shall, therefore, reside under his name and any research performed using
resource utilisation from the company will be utilised with permission. However, the employee
agrees to grant an option to negotiate an exclusive royalty bearing license, to bear, make or sell
any of the inventions, discoveries and innovations made outside the terms of this agreement. He
at this moment consents to the use of his property rights made before the drafting of this contract.
The employer thereby has at least three months to decide what the innovations, discoveries and
inventions they want to claim. Moreover, the company shall agree to pay a rational royalty to be
negotiated in good faith to use the invention or discovery. Until such a discovery or invention
has been made the employer shall not have any rights tied to any of the innovations by the
employee. Also, the ...
