Homer and Marge form a California corporation to start a business to provide computer consulting services, web design and software development. Each will own 50% of the outstanding shares. Marge is the President and Homer is the Chief Financial Officer and Secretary and they are the only two persons on the Board of Directors. Shortly after incorporation, Vircon orally hired and paid, in full, a graphic artist to create a logo, using a photograph of the face of Steve Jobs, along with the graphic artist's original designs, for Vircon's marketing materials.

1.Discuss who owns the intellectual property in the Vircon logo created by the graphic artist? (10points)