Question: , draft a contract for a company to develop a product or service for your company. Describe specifically, the expectations of what this company is

, draft a contract for a company to develop a product or service for your company.
Describe specifically, the expectations of what this company is to provide, who is responsible for development, time frame of delivery, will there be a patent and if so, who seeks it, etc.?
Be careful in the verbiage in an effort to protect your interests.
Analyze any potential loopholes that would put your company at risk if this company failed to deliver.
In addition, ask yourself, I have made this investment and Company B stole my idea-what do I do now?
What course of action do you have and what would you do?

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