Intersect creates the shape that is formed by the overlap of 2 components.
You are given the option to leave the original Source object and/or Target object. Checking these tick-boxes will create duplicate originals.
Draw a rectangle. Now draw a second rectangle that overlaps the first. With the second rectangle selected, click Intersect With and with the arrow cursor that appears click on the first rectangle.
Try intersecting circles with squares
In this example I have Intersected one circle with another then intersected this with the third.
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