Let's make a new world together. You can do both. IEWU will maintain a web page for your course. You must supply the course material to IEWU web team. Of course, you can use email, fax or phone as additional teaching tools on your own.
Students also prepare group projects, do writing activities, quizzes, and prepare papers.
After a course is approved by IEWU, you the professor can carry it out the best way you want. You said that there are to be two hours of chat and an additional hour per week for quizzes, assignments, and papers. Unless I am paid a separate fee for course development, I assume I will retain complete copyright and ownership of any content I create even if it resides on your server. Yes, you will own the copyright of your course content if IEWU did not pay for it. IEWU will discuss the options on this issue with each professor.