Draft a contract clause, containing a minimum of 300  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  900words:

• 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 DONOT include websites, newspapers, or popular magazines.

Format your assignment consistent with APA guidelines.