solved Week 5 Discussion: Prior ArtFor this discussion, we will be

Week 5 Discussion: Prior ArtFor this discussion, we will be focusing on the relationship between contract law and intellectual property law. Read through the assigned chapters for this week in a Manager’s Guide to IT Law. The reading provides an overview of the process of writing a contract. Sometimes when it comes to intellectual property ownership of a produced work may be split between multiple entities in proportion to their contribution towards the work. The “work” can be any type of patent or In the scenario for this discussion, you will be reviewing a sample intellectual property contract between a university employee and the university regarding ownership and rights of an intellectual-property work. The contract lays out four different types of scenarios regarding how the work was created and you are asked to fill in the blanks for each scenario regarding who and how the work should be owned. In particular, read through the contract and focus on the yellow highlighted portion in each section and answer how you would fill in the blank.1. Independent Worka. ____ year(s) following the termination of Creator’s employment with the University.2. Work Created with Minimal University Supporta. ____ year(s) following the termination of Creator’s employment with the University.b. During employment, ownership equity of the Work shall be shared between the University and the Creator with ___% possessed by the Creator and ___% possessed by the University3. Work Created with Substantial University Supporta. In exchange for the substantial support provided by the University it is understood and agreed that the University and Creator shall share equally in the ownership of such Work for a period of ___ years. 4. Work Commissioned by the University: (pick one)a. (___) 100% ownership and equity to the University for the life of the copyright or patent protection provided by law, or:b. (___) ____% ownership and equity to the University and ___% ownership and equity to the Creator for ___________ (period of time). After filling in the blanks to describe how you would divide up the work and for how long in each scenario explain why chose to divide it up in the way that you did. In your two responses to your peers, respond to your peer’s analysis and response, and discuss how they are both similar and different from yours. Follow up with your own post regarding the same. ——————————————————- There are going to be 2 replies to the students. Will be posted after 2 days of the initial response which is above