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Welcome to that project your idea challenge and we're going to hear from Rick and his

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testimony with IP law and why he's in the challenge.

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Well, my testimony or my sad sob story.

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So the reason I'm here is so that hopefully I won't repeat what happened to me in a previous

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season of life.

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But I'm launching a spoken word audio project, meditation albums, and soaking music kind

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of a thing.

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And even though I'm not thrilled with the name, it's the name I got, and I need to get

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things trademarked and copyrighted since it's audio, and probably the little pea circle

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since it's actually recorded.

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But you know, the thing that really, whenever Peter tells the story about trademarks, I

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deal with a little bit of sadness because years ago, I lost my business basically, because

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I didn't protect my assets.

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And I never sent in the right forms to the right people and then, you know, I just didn't

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take care of business.

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And then actually, I probably can't say what I was about to say, because of something I

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had to sign that I didn't want to sign.

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And let's just say it caused a lot of heartbreak, the loss of my house, my business, my heart

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was broken, my mind was broken, you had to call the daughter and say, honey, you got

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to come home from that fancy college and those sorts of things.

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So it left a deep, deep scar for a long, long time.

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It's only been in the last couple of years that I feel like I'm free, you know, just,

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but there's still, it's still, you know, it still hurts when you pull the bandaid off.

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So I don't want that to happen again.

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So that's why I'm here learning what I can learn.

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Thank you, Rick.

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You have an amazing heart.

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I know you personally, those are sad stories.

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It's a story of redemption, and that God is rebuilding your life, and that you're, you

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still got a lot left in you.

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It's so, you got so much talent, so much to offer the world.

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I've been blessed by what you've offered.

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And so thank you for sharing that.

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I appreciate your kind words.

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Yeah, I feel like the Lord has told me the promise of restoration that I've clung to

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throughout all this time is at hand.

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And I don't know if I shared in this group or not, but I will real quickly.

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Last night, or yesterday, all day yesterday, I was on a TV set for NBCUniversal, because

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they're producing a sitcom here in Memphis called Young Rock.

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And I actually had a small part in it.

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Now whether or not it makes it to the episode that we see on TV, I don't know, because,

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you know, that's kind of the way that world works.

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It's a 22-minute show, so it would be God's favor if I actually, my scene was included.

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So I'm excited about that.

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So yeah, it feels like, you know, that's something I never saw it.

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So that's, anyway, although there are easier ways to make money, I'm here to say.

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Hey guys, how's everybody doing?

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Oh, Peter, are you here?

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Oh yeah, I'm here.

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I've been listening in.

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I've been listening in on some of these, some of the things that were talked about.

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You know, this is what Rick's sharing with others or sharing is just, it's really important

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because, you know, people have gone through different experiences here.

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Like there's a lot of individuals who have created one company and had issues.

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Other people who are thinking of building a company and haven't really, aren't really

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sure if they're going to do that.

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I mean, myself, I mean, I've been with a law firm for, say I started my career 25 years

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ago.

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The law firm I'm with right now, I've been with for 17 years and I'm leaving them to

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build my own firm.

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So there's a lot of people that are kind of like in transition right now, which is very

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interesting.

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And so it's really good to hear what other people have experienced because you apply

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those things into your own life and then hopefully you learn from them and you grow from them

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and you become more successful and that just benefits everyone.

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So I like to hear the testimonies and what people have gone through.

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Quite frankly, because, you know, the scars that we have become pathways for others.

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So they don't end up getting hurt following those pathways, right?

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That's just quote unquote, Peter Nieves, right?

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There you go.

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All right.

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So, and that's our session for today.

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So it's been great seeing you all.

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No, I'm just kidding.

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So welcome to day five, like you guys have made it to day five.

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I'm excited for you.

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I mean, hopefully you're excited for yourself.

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You guys have learned a lot.

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Like I'm pretty sure some of you are trying to figure out, well, I don't remember this

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thing on this or that thing on that.

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That's okay.

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Just so you know, tonight I'm going to be sending out a communication to all of you

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with a lot of replays.

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So you're going to have, you're going to have one email coming to you.

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If you're in VIP.

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you're gonna have one email with all the challenge videos

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and all the VIP videos.

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And then if you're in the challenge alone,

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you're gonna get an email that has all the challenge videos.

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So you're not gonna have to figure out which is where,

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I just like to have at the end,

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I like to have one that's nice and clean.

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I did some editing on the one last night.

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And so finish that,

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it's already been rendered from my laptop over here,

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uploading that so you guys will have that momentarily

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as well.

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And so you're gonna have one thing

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with everything in it.

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Now, let me see who is here.

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I see Victoria here too.

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Okay, cool.

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We've got Sam in the house.

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Is Sam here really?

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Yeah.

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Come on, Sam, how are you?

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Sam's awesome.

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I am doing great, thanks.

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It's always a pleasure to be here and learn

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and can never get enough.

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Oh, that's great.

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And it's all the information is life changing,

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business changing.

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Yes.

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Thanks for inviting me.

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Maybe you could take like one minute

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and kind of talk about what your experience has been.

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Cause I know you were in the challenge before

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and then you jumped on board with us,

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went into this deeper with the Protection Portal.

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And so maybe you could just take a minute

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and just kind of explain to people

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what your experience has been,

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especially as a person who is busy

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cause you in and of yourself,

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you're a busy individual as I know.

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Yeah.

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Maybe you could explain a little.

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Well, as you know,

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I have a bit of a technology background

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and we're always talking about intellectual property

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or have been part of several startups,

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usually on the technology side

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and been part of some patent processes

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and always heard the terms thrown around

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in different business deals.

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And it wasn't until I needed to start my own venture

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that I really didn't really realize

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what I didn't know I didn't know.

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And it's only going through the challenge

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that I started differentiating

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these different types of intellectual properties

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and ways that I could actually protect the ideas.

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And I had a ton of ideas

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and I've made a lot of money for a lot of people,

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other people.

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I've created things that I didn't know I realized

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I gave away.

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And when I was getting ready to start this new venture,

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just like you, I'm in transition right now.

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I'm doing a lot of one-on-one coaching

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and going to group-based coaching.

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And they're just a whole new concepts

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that I think can actually revolutionize

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the way business is done in my field,

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in health and wellness,

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that I need to make sure it's protected.

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And you're giving me the tools that I need

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to have the language, first of all,

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to say, to understand the right things

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and to say the right things

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that I'll be able to communicate

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with an attorney intelligently

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and basically save a lot of legwork

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and money at the same time,

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but actually know the right questions to ask as well.

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Because I didn't even know through the group itself,

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you don't even know questions you're supposed to ask.

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And then through other people's experiences,

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you get to hear things that you didn't know

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you needed to ask.

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And so it's much more than just things

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that you think you don't know,

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it's things that you don't know you don't know yet.

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That's so powerful.

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Well, you just said there right there, Sam,

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not playing games at all.

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That's so important in that,

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as other people are asking these questions,

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you're realizing, oh my gosh,

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I didn't even know I had to ask that question.

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Like you didn't even realize that was an issue.

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Now somebody else is more advanced

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and they're running into something,

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they're raising the question, they're getting the answer.

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So now you don't even run into the issue at all.

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Exactly, exactly.

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And so you just prevent all the potential problems.

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You save money, you save time, you save heartache

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and you get people to, like you say,

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the whole point of this is that you get people

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to know your brand,

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you spend money on your marketing and everything

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and they know how to find you and not somebody else.

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And you avoid a whole bunch of litigation at the same time.

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Absolutely.

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Yeah, thanks for sharing that, Samuel.

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I really appreciate that.

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And that's invaluable.

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And so what we're doing here,

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today we're gonna cover patents.

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I'm gonna touch a little bit

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on a little trademark copyright,

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but we're gonna go deep into patents.

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I wanna cover that.

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I wanna make sure everybody remembers

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that on Monday, I'm throwing in a bonus for you at no cost.

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We're gonna do trademark searching live

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with you interacting online, on Zoom.

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I'm gonna share my screen

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so you can see how to search logos, okay?

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Because logos are not the same

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as word searches for trademarks.

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They're very different.

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So you have to understand the secret to be able to do it.

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So I'm gonna show you the secret sauce on Monday, okay?

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But before we get to that,

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let me just take one minute here

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because I know a few of you have not,

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were not here yesterday.

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And a few of you were actually pinging me,

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asking me questions about what exactly is this offer?

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People didn't even know there was an offer.

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Let me take one minute to kind of explain it.

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See if anybody has a question

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and we're gonna jump into patents.

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right away, okay?

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Is that all right with you guys?

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You guys okay with that?

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All right, cool.

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All right, so let me just jump in right here.

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I'll share my screen real fast

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so everybody can see this.

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Share screen, boom,

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and do a presentation.

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Okay, so what we are providing for you,

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I put this together because there's a good number of you,

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like actually the majority of you

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that are actually applying certain principles

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within your businesses already,

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and you need to understand what's protectable,

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what's not protectable,

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where am I potentially liable,

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where am I not potentially liable,

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where should I invest money now,

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or maybe in six months, or maybe in a year?

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If I wait a year,

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am I gonna lose my rights in this thing or not?

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So I created this Foundations in IP package for you.

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All right, the reason why I created this is,

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quite frankly, now I have my own law firm,

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so I can actually do this for you

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where I couldn't do this before.

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So that's why you see down here,

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and you have this IP without the TM on it intentionally.

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So nobody pings me again and says, where's your TM?

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So this is the Foundations in IP package.

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This is what I'm gonna provide for you,

259
00:11:16.380 --> 00:11:21.140
and this offer is open until tomorrow midnight.

260
00:11:21.140 --> 00:11:24.640
At tomorrow midnight, it closes, okay?

261
00:11:24.640 --> 00:11:27.180
So the first thing that I'm gonna provide for you

262
00:11:27.820 --> 00:11:29.780
is a brief IP audit, right?

263
00:11:29.780 --> 00:11:31.060
It's up to three hours.

264
00:11:31.060 --> 00:11:32.620
So it could be two hours, three hours,

265
00:11:32.620 --> 00:11:34.180
it could be an hour, whatever it is,

266
00:11:34.180 --> 00:11:36.660
but the result is going to be a strategic plan,

267
00:11:36.660 --> 00:11:38.940
a brief strategic plan that outlines

268
00:11:38.940 --> 00:11:41.400
what you should do first, second, third, fourth,

269
00:11:41.400 --> 00:11:43.300
where I think you potentially have things

270
00:11:43.300 --> 00:11:44.420
that are protectable,

271
00:11:44.420 --> 00:11:48.740
and where you may in fact already have certain legal rights.

272
00:11:48.740 --> 00:11:52.780
It's gonna be a nice kind of short package for you,

273
00:11:52.780 --> 00:11:54.340
but you're gonna have one-on-one time.

274
00:11:54.340 --> 00:11:55.580
This is not a group session.

275
00:11:55.580 --> 00:11:58.640
This is one-on-one, you and myself,

276
00:11:58.640 --> 00:12:00.820
or you and your business partner and myself.

277
00:12:00.820 --> 00:12:02.180
Some of you asked me that question.

278
00:12:02.180 --> 00:12:04.860
Some of you emailed me that question and said,

279
00:12:04.860 --> 00:12:06.000
well, I have a business partner.

280
00:12:06.000 --> 00:12:07.620
Can they be on the one-on-one call?

281
00:12:07.620 --> 00:12:09.840
Yes, we'll have a one-on-two call.

282
00:12:09.840 --> 00:12:11.740
It's okay, no problem.

283
00:12:11.740 --> 00:12:13.660
And both of you can ask questions.

284
00:12:13.660 --> 00:12:14.500
That's fine.

285
00:12:14.500 --> 00:12:16.460
You can both hit me with questions.

286
00:12:16.460 --> 00:12:17.300
I don't mind.

287
00:12:17.300 --> 00:12:18.600
I do it in front of classes of hundreds,

288
00:12:18.600 --> 00:12:20.600
so I'm not worried about it.

289
00:12:20.600 --> 00:12:23.340
So that's gonna be the IP audit, all right?

290
00:12:23.340 --> 00:12:26.940
Separate from that, a lot of you have companies

291
00:12:26.940 --> 00:12:28.900
or have products or services,

292
00:12:28.900 --> 00:12:31.220
and you're not sure if that name that you're using

293
00:12:31.220 --> 00:12:32.800
is protectable or not.

294
00:12:32.800 --> 00:12:36.040
I'm gonna do a trademark search for you, all right?

295
00:12:36.040 --> 00:12:40.060
So I myself, I'm gonna do a trademark search for you, okay?

296
00:12:40.060 --> 00:12:41.740
Separate from that,

297
00:12:41.740 --> 00:12:45.180
I'm gonna do a trademark application for you,

298
00:12:45.180 --> 00:12:48.660
which is fantastic because now you don't have to figure out

299
00:12:48.660 --> 00:12:51.140
is this recitation of goods and services right?

300
00:12:51.140 --> 00:12:52.780
Is the specimen proper?

301
00:12:53.220 --> 00:12:54.060
I'm gonna tell you.

302
00:12:54.060 --> 00:12:56.340
I'm gonna look at it and I'm gonna say, yes, this works.

303
00:12:56.340 --> 00:12:57.220
No, it doesn't work.

304
00:12:57.220 --> 00:12:58.180
This is what we need.

305
00:12:58.180 --> 00:12:59.780
No, we don't need that.

306
00:12:59.780 --> 00:13:02.700
We might just decide to file an intent to use application.

307
00:13:02.700 --> 00:13:06.540
So we'll see what's most important for you.

308
00:13:06.540 --> 00:13:09.340
And it's gonna be based on your specific situation.

309
00:13:09.340 --> 00:13:14.340
Now, if you act within by Saturday night at midnight,

310
00:13:15.940 --> 00:13:17.520
tomorrow, and that's,

311
00:13:20.500 --> 00:13:21.700
it just occurred to me,

312
00:13:21.700 --> 00:13:23.860
there's a lot of people from California here.

313
00:13:23.860 --> 00:13:28.780
So we'll say Saturday at midnight in California, okay?

314
00:13:28.780 --> 00:13:30.900
Which is like 3 a.m. my time.

315
00:13:30.900 --> 00:13:33.820
Cause I'm not gonna stop the clock at 12 midnight anyway,

316
00:13:33.820 --> 00:13:34.660
I'll be asleep.

317
00:13:34.660 --> 00:13:37.740
So if you purchase it before I wake up,

318
00:13:37.740 --> 00:13:42.740
basically on Sunday, then I'm throwing this in.

319
00:13:43.060 --> 00:13:44.780
This is a protection portal.

320
00:13:44.780 --> 00:13:48.180
I created this about a year ago.

321
00:13:49.180 --> 00:13:50.940
It is doing amazing.

322
00:13:50.940 --> 00:13:52.660
A lot of the people who you've heard come

323
00:13:52.660 --> 00:13:55.220
to give testimonies are in the protection portal.

324
00:13:55.220 --> 00:13:58.020
What we do in the protection portal is we go live

325
00:13:58.020 --> 00:14:00.940
once a month for an hour and a half,

326
00:14:00.940 --> 00:14:04.860
answer anybody's questions without legal advice.

327
00:14:06.980 --> 00:14:07.900
And here's the beauty.

328
00:14:07.900 --> 00:14:11.100
If you do this IP audit, you get legal advice.

329
00:14:11.100 --> 00:14:12.280
That's the beauty of it.

330
00:14:12.280 --> 00:14:13.820
So the protection portal,

331
00:14:13.820 --> 00:14:17.260
I go live for an hour and a half, once a month,

332
00:14:18.100 --> 00:14:21.020
you become a member for an entire year.

333
00:14:21.020 --> 00:14:23.500
You get to email questions that are review,

334
00:14:23.500 --> 00:14:27.380
which I go over live with others, okay?

335
00:14:27.380 --> 00:14:29.700
Separate from that, I'm going fast through this

336
00:14:29.700 --> 00:14:30.820
cause I did this yesterday.

337
00:14:30.820 --> 00:14:34.220
So I don't wanna take up a lot of time here.

338
00:14:34.220 --> 00:14:36.820
You get access to my IP associates throughout the world.

339
00:14:36.820 --> 00:14:39.500
If you're doing IP work in other countries,

340
00:14:39.500 --> 00:14:41.900
I can introduce you to them.

341
00:14:41.900 --> 00:14:44.800
Separate from that, you get to email the questions,

342
00:14:44.800 --> 00:14:46.400
which we talked about.

343
00:14:46.400 --> 00:14:50.400
And then finally, you get this affiliate program

344
00:14:50.400 --> 00:14:53.920
where 20%, if you refer somebody in,

345
00:14:53.920 --> 00:14:57.240
you get 20% of any income that comes in,

346
00:14:57.240 --> 00:14:59.160
any profits that come in off of them.

347
00:14:59.160 --> 00:15:00.000
So.

348
00:15:00.000 --> 00:15:05.000
somebody purchases for 95 and then 195 for a VIP that's 290.

349
00:15:07.180 --> 00:15:09.880
And if they take the offer, you know,

350
00:15:09.880 --> 00:15:12.440
of the protection portal of loan,

351
00:15:12.440 --> 00:15:14.280
which is something I used to offer,

352
00:15:14.280 --> 00:15:16.280
your total commission would be like,

353
00:15:16.280 --> 00:15:20.280
or your total commission would be like $560

354
00:15:20.280 --> 00:15:21.560
just for one person.

355
00:15:21.560 --> 00:15:24.020
So it adds up really fast.

356
00:15:24.020 --> 00:15:27.960
So that is the offer that is on the table right now.

357
00:15:28.000 --> 00:15:30.160
It's open until tomorrow night.

358
00:15:30.160 --> 00:15:32.560
I know a number of you have jumped in already

359
00:15:32.560 --> 00:15:35.100
and you're gonna get a welcome email.

360
00:15:35.100 --> 00:15:37.440
You're gonna have the separate private group.

361
00:15:37.440 --> 00:15:39.840
Everybody's getting ready to welcome you in.

362
00:15:39.840 --> 00:15:42.120
We're gonna have a special session for you and for them

363
00:15:42.120 --> 00:15:43.720
where you can introduce yourself,

364
00:15:43.720 --> 00:15:45.300
say who you are, what you do,

365
00:15:45.300 --> 00:15:47.440
let other people know about you

366
00:15:47.440 --> 00:15:49.340
so that they can try to get you business

367
00:15:49.340 --> 00:15:51.320
and help you out any way that they can.

368
00:15:51.320 --> 00:15:53.400
So we're gonna have a special session for you,

369
00:15:53.400 --> 00:15:55.680
but that's what's on the plate right now.

370
00:15:55.680 --> 00:15:56.520
Okay.

371
00:15:56.520 --> 00:16:00.560
Again, it's only open until tomorrow midnight in California

372
00:16:00.560 --> 00:16:02.160
because I know some of you are in California.

373
00:16:02.160 --> 00:16:04.320
So, all right, with that,

374
00:16:04.320 --> 00:16:06.120
I wanna jump into patent law

375
00:16:06.120 --> 00:16:10.160
because this is an interesting area

376
00:16:10.160 --> 00:16:12.200
and I wanna make sure you guys

377
00:16:12.200 --> 00:16:14.920
at least get a solid basis here

378
00:16:14.920 --> 00:16:17.240
because a lot of people,

379
00:16:17.240 --> 00:16:18.760
they mess up patents.

380
00:16:18.760 --> 00:16:22.040
They believe they understand what patents are,

381
00:16:22.040 --> 00:16:23.320
but they really don't.

382
00:16:23.320 --> 00:16:27.120
So let me walk you through a few things here in patent law.

383
00:16:27.120 --> 00:16:28.520
All right.

384
00:16:28.520 --> 00:16:33.400
First of all, a patent is a grant by a government.

385
00:16:33.400 --> 00:16:34.480
It could be the United States,

386
00:16:34.480 --> 00:16:35.480
could be a foreign country,

387
00:16:35.480 --> 00:16:36.520
it could be anywhere.

388
00:16:37.480 --> 00:16:40.400
It's a grant by a government allowing you to stop others

389
00:16:40.400 --> 00:16:43.860
from making, using, selling, or importing that technology.

390
00:16:43.860 --> 00:16:44.700
All right.

391
00:16:44.700 --> 00:16:48.240
So it could be covering a method, a system, an apparatus,

392
00:16:48.240 --> 00:16:49.960
could be a number of different things.

393
00:16:49.960 --> 00:16:52.240
I'll talk about what's protectable by patents.

394
00:16:52.240 --> 00:16:53.200
Okay.

395
00:16:54.040 --> 00:16:55.760
Oh, Poppy says she had a patent problem before.

396
00:16:55.760 --> 00:16:57.800
Patent problem before, patent problem.

397
00:16:57.800 --> 00:17:00.000
Yeah, that can be tough to say over and over.

398
00:17:00.000 --> 00:17:03.520
So if you have a patent,

399
00:17:03.520 --> 00:17:05.200
this is what I want you to understand.

400
00:17:05.200 --> 00:17:07.140
This is so important, okay?

401
00:17:08.280 --> 00:17:12.180
A patent does not allow you to make anything.

402
00:17:14.280 --> 00:17:16.359
Some of you right now are saying, I don't understand.

403
00:17:16.359 --> 00:17:17.960
I thought the whole point of getting a patent

404
00:17:17.960 --> 00:17:19.400
was so I could make something.

405
00:17:19.400 --> 00:17:21.400
That's not what a patent's for.

406
00:17:21.400 --> 00:17:24.880
A patent allows you to stop others,

407
00:17:24.880 --> 00:17:26.640
not to make, use, sell, or import.

408
00:17:26.640 --> 00:17:27.960
It allows you to stop others

409
00:17:27.960 --> 00:17:30.360
from making, using, selling, or import.

410
00:17:30.360 --> 00:17:34.280
It's a temporary monopoly on a technology.

411
00:17:35.240 --> 00:17:39.540
You can own rights to systems, to methods, to,

412
00:17:40.480 --> 00:17:43.620
wow, if you can asexually reproduce a plant,

413
00:17:43.620 --> 00:17:45.700
you can, think of Monsanto.

414
00:17:45.700 --> 00:17:47.240
They have a ton of patents,

415
00:17:48.240 --> 00:17:50.280
tons of patents

416
00:17:50.280 --> 00:17:54.720
on their genetically modified food products, okay?

417
00:17:54.720 --> 00:17:57.120
They own a ton of patents in that area.

418
00:17:57.120 --> 00:17:59.800
Yeah, I know, I'd be shaking my head too, I know.

419
00:17:59.800 --> 00:18:01.080
I'm not much for it.

420
00:18:01.080 --> 00:18:03.440
But the whole point being that

421
00:18:03.440 --> 00:18:06.640
you can own patents even on designs.

422
00:18:06.640 --> 00:18:09.040
Does anybody remember the old Coca-Cola bottle?

423
00:18:09.040 --> 00:18:10.120
Remember that?

424
00:18:10.120 --> 00:18:13.560
It was kind of like that and like that, right?

425
00:18:13.560 --> 00:18:14.920
Something like that, right?

426
00:18:15.920 --> 00:18:18.160
That shape in and of itself,

427
00:18:18.160 --> 00:18:21.180
you could protect that shape, that design

428
00:18:21.180 --> 00:18:23.920
with what's called a, yes, hourglass bottle.

429
00:18:23.920 --> 00:18:26.740
It's called a design patent.

430
00:18:26.740 --> 00:18:30.900
So if you have like my cell phone over here,

431
00:18:31.760 --> 00:18:33.220
I don't know if you guys are familiar with this,

432
00:18:33.220 --> 00:18:34.640
but there was a major lawsuit

433
00:18:34.640 --> 00:18:37.960
that took place between Samsung and Apple.

434
00:18:37.960 --> 00:18:41.600
Huge lawsuit, huge, right?

435
00:18:41.600 --> 00:18:45.040
And it was about an iPhone,

436
00:18:45.040 --> 00:18:48.040
but Samsung had a phone that looked very similar

437
00:18:48.040 --> 00:18:51.660
to the iPhone and they both got into a lawsuit.

438
00:18:51.660 --> 00:18:55.160
One of the patents that was involved was a design patent

439
00:18:55.160 --> 00:18:57.400
because they looked almost exactly the same.

440
00:18:57.400 --> 00:18:59.240
Why do you think it is that the iPhone

441
00:18:59.240 --> 00:19:01.940
and the Samsung don't have the exact same shape?

442
00:19:03.520 --> 00:19:06.200
Because there's design patents involved.

443
00:19:06.200 --> 00:19:07.700
So you have to be careful.

444
00:19:07.700 --> 00:19:10.040
You have to make sure when you're looking,

445
00:19:10.040 --> 00:19:12.920
likelihood of confusion falls into the area of trademarks.

446
00:19:12.920 --> 00:19:15.280
So that's a little different from patent stuff,

447
00:19:15.280 --> 00:19:16.120
but that's all right.

448
00:19:16.120 --> 00:19:17.440
That's okay, that's okay.

449
00:19:17.440 --> 00:19:19.720
Oh, Ray, we have, is Ray there?

450
00:19:19.720 --> 00:19:20.960
Ray, are you still there?

451
00:19:23.200 --> 00:19:24.520
We have the wheel ready?

452
00:19:25.480 --> 00:19:27.080
All right, I want to do something in five minutes.

453
00:19:27.080 --> 00:19:28.800
I want to give away a gift, okay?

454
00:19:28.800 --> 00:19:30.440
Cause we have two more prizes we need to give away.

455
00:19:30.440 --> 00:19:31.920
And then we have the big one.

456
00:19:31.920 --> 00:19:33.240
All right, okay.

457
00:19:33.240 --> 00:19:34.080
So let me talk to you about-

458
00:19:34.080 --> 00:19:35.960
Sorry, I ended my camera, not my mic.

459
00:19:35.960 --> 00:19:37.280
Yes, we are ready.

460
00:19:37.280 --> 00:19:39.160
Okay, okay.

461
00:19:39.200 --> 00:19:42.200
All right, let me ask all of you a question here, all right?

462
00:19:44.160 --> 00:19:48.480
If you had the ability to own a patent

463
00:19:48.480 --> 00:19:53.480
on either a stool, which has a base and three legs,

464
00:19:54.440 --> 00:19:59.360
or a chair, which has a base, four legs, and a back,

465
00:19:59.360 --> 00:20:00.200
you could own-

466
00:20:00.000 --> 00:20:01.480
One of those two things.

467
00:20:01.480 --> 00:20:04.400
Based on what I've told you thus far,

468
00:20:04.400 --> 00:20:07.120
you can have the patent on one of those two things.

469
00:20:07.120 --> 00:20:09.940
Just by a, you know what we're gonna do?

470
00:20:09.940 --> 00:20:13.560
Number one is a stool, number two is a chair.

471
00:20:13.560 --> 00:20:16.800
So everybody put in the chat,

472
00:20:16.800 --> 00:20:18.400
if you want number one or number two,

473
00:20:18.400 --> 00:20:20.460
the patent on number one or number two.

474
00:20:21.840 --> 00:20:24.040
Let me just let all of you type it in there.

475
00:20:25.040 --> 00:20:27.480
So we got ones, we've got twos,

476
00:20:27.560 --> 00:20:30.840
ones, twos, two ones, one, two, one, two,

477
00:20:32.320 --> 00:20:34.840
one, two, one, two, find a place to be.

478
00:20:34.840 --> 00:20:35.680
All right, here we go.

479
00:20:35.680 --> 00:20:39.560
So here's, sorry.

480
00:20:39.560 --> 00:20:44.520
All right, so here's the proper answer to this, guys.

481
00:20:44.520 --> 00:20:48.960
The proper answer would actually be number one.

482
00:20:48.960 --> 00:20:51.520
Let me explain to you why, okay?

483
00:20:51.520 --> 00:20:54.640
And you would think, look, Samuel's like, yes.

484
00:20:54.640 --> 00:20:55.880
But here's the thing.

485
00:20:55.880 --> 00:20:59.120
You would think that you want the patent

486
00:20:59.120 --> 00:21:00.200
on the chair, right?

487
00:21:00.200 --> 00:21:01.760
Somebody who voted for the chair,

488
00:21:01.760 --> 00:21:02.680
if you're okay with it,

489
00:21:02.680 --> 00:21:04.160
because we're all family anyway,

490
00:21:04.160 --> 00:21:07.440
can you unmute yourself and tell me why you chose a chair?

491
00:21:07.440 --> 00:21:09.960
Because I would have chose the chair myself, quite frankly.

492
00:21:09.960 --> 00:21:10.800
So-

493
00:21:10.800 --> 00:21:13.720
There are more chairs in circulation than stools.

494
00:21:13.720 --> 00:21:14.680
More chairs?

495
00:21:14.680 --> 00:21:15.520
Sure, sure.

496
00:21:15.520 --> 00:21:16.520
There's more parts, aren't there?

497
00:21:16.520 --> 00:21:17.720
I mean, that's what I was-

498
00:21:17.720 --> 00:21:18.560
More parts?

499
00:21:18.560 --> 00:21:19.380
Sure, more parts.

500
00:21:19.380 --> 00:21:22.080
Because you can make a chair from a stool.

501
00:21:22.080 --> 00:21:25.120
Oh, Ria, come on, Ria.

502
00:21:25.120 --> 00:21:25.960
Right there.

503
00:21:25.960 --> 00:21:27.720
Okay, now check this out.

504
00:21:27.720 --> 00:21:31.800
The reason that Ria just gave

505
00:21:31.800 --> 00:21:34.200
is actually the reason why you actually want

506
00:21:34.200 --> 00:21:36.480
to own the patent on the stool, not the chair.

507
00:21:36.480 --> 00:21:37.480
So let me show you why.

508
00:21:37.480 --> 00:21:38.320
Check this out.

509
00:21:39.360 --> 00:21:42.160
If you make a stool, you have a base and three legs, right?

510
00:21:42.160 --> 00:21:43.720
The patent allows you to stop others

511
00:21:43.720 --> 00:21:46.680
from making, using, selling, or importing that technology.

512
00:21:46.680 --> 00:21:48.760
That means if anybody makes a stool, what happens?

513
00:21:48.760 --> 00:21:50.400
They infringe.

514
00:21:50.400 --> 00:21:52.360
So they need to pay you a royalty.

515
00:21:52.360 --> 00:21:54.280
They need to pay your licensing fee.

516
00:21:54.280 --> 00:21:57.320
They need to pay you for making the stool.

517
00:21:57.320 --> 00:22:01.560
But like Ria said, if you make a chair,

518
00:22:01.560 --> 00:22:05.720
the chair has a base and it has four legs, right?

519
00:22:05.720 --> 00:22:09.560
If it has four legs, that means it has at least three legs.

520
00:22:09.560 --> 00:22:10.460
Do you see that?

521
00:22:12.600 --> 00:22:14.120
So check this out.

522
00:22:14.120 --> 00:22:15.680
When you file a patent,

523
00:22:15.680 --> 00:22:19.240
try to get the broadest claim coverage possible.

524
00:22:19.240 --> 00:22:22.100
Don't file a patent with claims that are so narrow

525
00:22:22.100 --> 00:22:24.420
that they only cover what you have.

526
00:22:24.420 --> 00:22:26.900
Try to make it a little broader.

527
00:22:26.900 --> 00:22:29.980
The reason why is because the claims

528
00:22:29.980 --> 00:22:32.060
of the patent dictate what you own.

529
00:22:32.060 --> 00:22:33.700
They're at the end of the patent.

530
00:22:34.620 --> 00:22:36.220
At the end of the patent, there's a section.

531
00:22:36.220 --> 00:22:39.780
It'll say claims, and then it'll say I claim or we claim.

532
00:22:39.780 --> 00:22:41.300
And then there'll be a number.

533
00:22:41.300 --> 00:22:43.260
And it'll say something like, if it's a bicycle,

534
00:22:43.260 --> 00:22:47.860
it'll say a riding device comprising at least two wheels

535
00:22:47.860 --> 00:22:50.940
rotatably connected to a center mass,

536
00:22:50.940 --> 00:22:55.940
the front wheel directly mounted to a steering mechanism,

537
00:22:56.580 --> 00:23:01.580
a braking system coupled to at least the second wheel

538
00:23:02.620 --> 00:23:06.160
so as to decrease speed of the riding device.

539
00:23:06.160 --> 00:23:09.720
I mean, it lays out each of the elements, right?

540
00:23:09.720 --> 00:23:11.940
So to infringe the patent,

541
00:23:11.940 --> 00:23:14.980
you have to have every single element that's in the claim.

542
00:23:15.980 --> 00:23:19.000
So when you look at the claim at the end of the patent,

543
00:23:19.000 --> 00:23:21.380
you just look to see, do I have every single thing here?

544
00:23:21.380 --> 00:23:22.220
Yes or no?

545
00:23:22.220 --> 00:23:23.040
Yes or no?

546
00:23:23.040 --> 00:23:23.880
Yes or no?

547
00:23:23.880 --> 00:23:24.720
It's like a checklist.

548
00:23:24.720 --> 00:23:25.540
Do I have one of those?

549
00:23:25.540 --> 00:23:26.380
Yes.

550
00:23:26.380 --> 00:23:27.220
Do I have one of those?

551
00:23:27.220 --> 00:23:28.040
No.

552
00:23:28.040 --> 00:23:29.420
Oh, the answer is no, you don't infringe.

553
00:23:29.420 --> 00:23:31.860
That's how you determine if there's patent infringement.

554
00:23:31.860 --> 00:23:32.700
Okay?

555
00:23:32.700 --> 00:23:36.500
Well, if you write your claims so incredibly narrow

556
00:23:36.500 --> 00:23:39.020
that instead of it saying that in your claims,

557
00:23:39.020 --> 00:23:41.540
it says there's at least 24 spokes

558
00:23:41.540 --> 00:23:43.780
and the spokes are made of aluminum alloy

559
00:23:43.780 --> 00:23:46.540
and they're exactly 18 inches long

560
00:23:46.540 --> 00:23:47.980
and they have a coating on them

561
00:23:47.980 --> 00:23:50.300
and the coating is made of an aluminum

562
00:23:50.300 --> 00:23:51.940
so as to stop rusting.

563
00:23:51.940 --> 00:23:56.540
If somebody doesn't have only one of those things,

564
00:23:56.540 --> 00:23:58.140
they don't infringe your patent.

565
00:23:59.860 --> 00:24:04.340
So stop filing patents with remarkably narrow claims.

566
00:24:04.340 --> 00:24:06.980
Within the first week of one person

567
00:24:06.980 --> 00:24:09.280
who joined the protection portal,

568
00:24:10.280 --> 00:24:15.120
she came live and she brought her own situation,

569
00:24:15.120 --> 00:24:17.640
her life situation, which you're allowed to do

570
00:24:17.640 --> 00:24:18.680
when you're in the package,

571
00:24:18.680 --> 00:24:21.200
you're allowed to bring in your own personal situations.

572
00:24:21.200 --> 00:24:23.000
Like I said, I don't give legal advice,

573
00:24:23.000 --> 00:24:27.200
but I most certainly do.

574
00:24:27.200 --> 00:24:29.760
Everybody's well hydrated in this challenge.

575
00:24:29.760 --> 00:24:33.560
I most certainly do give guidance on what the law says.

576
00:24:33.560 --> 00:24:34.560
Okay?

577
00:24:34.560 --> 00:24:36.360
So she had her claims and she said,

578
00:24:36.440 --> 00:24:37.960
can you take a look at it?

579
00:24:37.960 --> 00:24:40.760
Her claim was like a page and a half long,

580
00:24:42.720 --> 00:24:46.240
which means if only one line, forget one line,

581
00:24:46.240 --> 00:24:48.920
if one word was missing in what you did

582
00:24:48.920 --> 00:24:50.240
compared to what she had,

583
00:24:51.240 --> 00:24:52.440
that means you don't infringe

584
00:24:52.440 --> 00:24:54.120
and you can continue doing that.

585
00:24:54.120 --> 00:24:56.640
So going back to the example

586
00:24:56.640 --> 00:24:57.880
of what we were just talking about,

587
00:24:57.880 --> 00:24:59.440
the stool versus the chair.

588
00:25:00.000 --> 00:25:03.380
Chair has a base, four legs and a back,

589
00:25:03.380 --> 00:25:05.720
which means it has at least a base and three legs,

590
00:25:05.720 --> 00:25:07.520
which means if you make the chair,

591
00:25:07.520 --> 00:25:09.520
you infringe the patent on the stool.

592
00:25:09.520 --> 00:25:12.120
So by having the patent on the stool,

593
00:25:12.120 --> 00:25:14.880
you get royalties from people who make stools,

594
00:25:14.880 --> 00:25:18.360
people who make chairs, people who make love seats,

595
00:25:18.360 --> 00:25:20.680
people who make sofas,

596
00:25:20.680 --> 00:25:23.940
all of those things infringe your patent on a stool.

597
00:25:23.940 --> 00:25:24.780
Do you see that?

598
00:25:24.780 --> 00:25:27.480
That's how powerful your patent could be.

599
00:25:27.520 --> 00:25:30.560
So try to get claim coverage that's broader,

600
00:25:30.560 --> 00:25:32.780
not more narrow, okay?

601
00:25:34.600 --> 00:25:36.280
Somebody asked about a unicycle.

602
00:25:36.280 --> 00:25:38.980
So your best bet is actually to patent the unicycle.

603
00:25:40.560 --> 00:25:42.360
Yeah, if you can get a patent on the unicycle,

604
00:25:42.360 --> 00:25:45.080
you'd be in pretty good shape, absolutely.

605
00:25:45.080 --> 00:25:46.320
All right, so let me walk you through

606
00:25:46.320 --> 00:25:47.800
a few different things.

607
00:25:47.800 --> 00:25:49.360
Why do people get patents?

608
00:25:50.200 --> 00:25:52.540
And how do you know when you should file a patent?

609
00:25:52.540 --> 00:25:56.400
If you've got a technology or a method

610
00:25:56.400 --> 00:25:58.720
that is protectable by patent,

611
00:25:58.720 --> 00:26:01.440
and when you sell it to the public,

612
00:26:01.440 --> 00:26:03.760
they're going to be able to reverse engineer it,

613
00:26:03.760 --> 00:26:06.080
meaning that they can make it themselves.

614
00:26:06.960 --> 00:26:08.920
If they can make it themselves

615
00:26:08.920 --> 00:26:12.240
after you make it publicly known or you offer it for sale,

616
00:26:12.240 --> 00:26:14.080
that's where patents come in.

617
00:26:14.080 --> 00:26:16.560
Yes, there is a thing called a patent troll,

618
00:26:16.560 --> 00:26:17.960
and I destroy them all the time.

619
00:26:17.960 --> 00:26:20.200
I'll explain that in, give me about five minutes.

620
00:26:20.200 --> 00:26:21.480
I'll explain what a patent troll is.

621
00:26:21.480 --> 00:26:22.680
Somebody just typed in the chat,

622
00:26:22.680 --> 00:26:24.680
is there such a thing as a patent troll?

623
00:26:24.680 --> 00:26:27.120
Yeah, so I'll explain it to you guys.

624
00:26:27.120 --> 00:26:32.120
So, if in fact you can reverse engineer your invention,

625
00:26:34.180 --> 00:26:38.040
file a patent, that's where patents come in, okay?

626
00:26:38.040 --> 00:26:39.960
If you cannot reverse engineer it,

627
00:26:39.960 --> 00:26:42.660
meaning it's on the backend.

628
00:26:42.660 --> 00:26:45.120
So let's say you have a software program.

629
00:26:45.120 --> 00:26:48.180
Nobody actually can see the code of the program.

630
00:26:48.180 --> 00:26:50.760
They're only utilizing a portion of the program.

631
00:26:50.760 --> 00:26:52.500
So you want to keep it to yourself.

632
00:26:52.500 --> 00:26:55.940
You may be able to maintain that as a trade secret

633
00:26:55.940 --> 00:26:57.440
instead of filing a patent.

634
00:26:58.340 --> 00:27:00.700
Why would you want to file a trade secret,

635
00:27:01.740 --> 00:27:03.700
or why would you want to maintain a trade secret

636
00:27:03.700 --> 00:27:05.060
instead of filing a patent?

637
00:27:06.020 --> 00:27:07.820
Trade secrets last forever.

638
00:27:09.180 --> 00:27:13.320
Patents last for 20 years from filing, okay?

639
00:27:13.320 --> 00:27:15.140
20 years from filing.

640
00:27:16.500 --> 00:27:19.200
So if a patent lasts for 20 years from filing,

641
00:27:20.200 --> 00:27:23.880
and you have a technology that could potentially last

642
00:27:23.880 --> 00:27:28.880
50, 60, 70 years, like the Coca-Cola formula.

643
00:27:29.080 --> 00:27:30.320
What to concoct.

644
00:27:32.360 --> 00:27:33.600
Wow.

645
00:27:33.600 --> 00:27:35.520
All right, somebody's unmuted.

646
00:27:35.520 --> 00:27:37.800
Can you guys find out who's unmuted?

647
00:27:37.800 --> 00:27:38.640
Thank you.

648
00:27:39.800 --> 00:27:44.800
Okay, so, only live, only live.

649
00:27:47.520 --> 00:27:48.720
My son is dying.

650
00:27:49.120 --> 00:27:50.160
That's going to be in the gag reel.

651
00:27:50.160 --> 00:27:52.840
Whoever that was, that's going to be in the gag reel.

652
00:27:52.840 --> 00:27:54.920
I am making a gag reel off of that.

653
00:27:54.920 --> 00:27:55.760
That was perfect.

654
00:27:55.760 --> 00:27:56.600
I love it.

655
00:27:56.600 --> 00:27:57.640
That had to be Teresa

656
00:27:57.640 --> 00:27:59.920
because she is giggling like crazy right now.

657
00:28:01.640 --> 00:28:03.280
You're awesome, Teresa.

658
00:28:03.280 --> 00:28:04.120
Don't worry.

659
00:28:04.120 --> 00:28:04.940
That was not me.

660
00:28:04.940 --> 00:28:06.760
That was not me, but that was hilarious.

661
00:28:06.760 --> 00:28:07.960
That was hilarious, right?

662
00:28:07.960 --> 00:28:09.000
That was hilarious.

663
00:28:09.000 --> 00:28:14.000
Okay, so if it's reverse engineerable,

664
00:28:14.000 --> 00:28:14.840
you can patent it.

665
00:28:14.840 --> 00:28:16.640
But here's the thing I want you to understand, all right?

666
00:28:16.640 --> 00:28:18.560
Listen to this, guys.

667
00:28:19.400 --> 00:28:21.240
When you file a patent,

668
00:28:21.240 --> 00:28:23.000
it's going to take you a good three years

669
00:28:23.000 --> 00:28:26.480
to get out of a patent office, okay?

670
00:28:26.480 --> 00:28:30.020
So if your technology is going to be obsolete in four years,

671
00:28:30.020 --> 00:28:33.160
don't waste the money on a patent, please.

672
00:28:33.160 --> 00:28:37.200
The only person who's going to benefit is the lawyer, okay?

673
00:28:37.200 --> 00:28:38.880
Don't waste the money on a patent.

674
00:28:38.880 --> 00:28:42.640
If your technology is obsolete in three years, four years,

675
00:28:42.640 --> 00:28:46.000
maybe even five years, you know?

676
00:28:46.000 --> 00:28:47.480
I mean, if you're hitting that five-year mark

677
00:28:47.480 --> 00:28:48.920
and you think you can make a lot of money

678
00:28:48.920 --> 00:28:52.320
in that one year to a year and a half, okay, fine.

679
00:28:52.320 --> 00:28:54.800
But realize you're going to have to at least make double

680
00:28:54.800 --> 00:28:57.440
what you invested in filing a patent in the first place.

681
00:28:57.440 --> 00:29:01.800
And patents are the most expensive area of protection

682
00:29:01.800 --> 00:29:04.240
in intellectual property law.

683
00:29:04.240 --> 00:29:08.500
It can cost you 9,000 to $15,000 to file a patent,

684
00:29:09.520 --> 00:29:11.920
depending on the complexity of the technology.

685
00:29:11.920 --> 00:29:14.960
I've written patents on quantum cryptography.

686
00:29:14.960 --> 00:29:16.680
I have clients that I've been blessed with,

687
00:29:16.680 --> 00:29:19.440
like MIT that writes some of the most difficult patents

688
00:29:19.440 --> 00:29:20.360
in the world.

689
00:29:20.360 --> 00:29:22.940
And then I write some of the most simple patents.

690
00:29:22.940 --> 00:29:25.800
One of the most profitable patents I ever wrote

691
00:29:25.800 --> 00:29:27.600
was on a switch.

692
00:29:27.600 --> 00:29:29.900
And the switch did had, all it had was,

693
00:29:30.840 --> 00:29:35.000
it just had an end cap on one side, an end cap on the other,

694
00:29:35.000 --> 00:29:38.520
and in the middle, two metallic balls, right?

695
00:29:38.520 --> 00:29:41.960
And so when the switch moved,

696
00:29:41.960 --> 00:29:44.720
conductivity was maintained between the first end cap

697
00:29:44.720 --> 00:29:47.800
and the second end cap through the metallic balls.

698
00:29:47.800 --> 00:29:51.320
But if the object got shaken up at all,

699
00:29:51.320 --> 00:29:52.680
then the switch would be thrown

700
00:29:52.680 --> 00:29:54.400
because the metallic balls were no longer

701
00:29:54.400 --> 00:29:56.200
maintaining conductivity.

702
00:29:56.200 --> 00:29:58.880
That one switch, that switch alone,

703
00:29:58.880 --> 00:30:00.120
they probably made 20.

704
00:30:00.000 --> 00:30:03.840
million dollars on and you know how much it costs to

705
00:30:03.840 --> 00:30:06.080
manufacture, I think 27 cents.

706
00:30:08.040 --> 00:30:13.240
I mean, these guys sold volume that is just insane, insane

707
00:30:13.240 --> 00:30:17.920
volume. So it costs them 27 cents to make they sold at $3.50.

708
00:30:18.840 --> 00:30:23.200
And they do high volume. And so they just, you know, everybody's

709
00:30:23.200 --> 00:30:26.560
using their tilt switches. So the whole point of what I'm

710
00:30:26.560 --> 00:30:30.280
saying is, the value of your patent really isn't based on the

711
00:30:30.280 --> 00:30:34.040
complexity of your technology is based on how good the patents

712
00:30:34.040 --> 00:30:36.840
drafted, and whether or not the technology is needed in the

713
00:30:36.840 --> 00:30:39.920
industry. Because you can have the most basic thing like a

714
00:30:39.920 --> 00:30:44.600
Christmas a Christmas hook for hanging garland, which one of

715
00:30:44.600 --> 00:30:51.240
my oldest clients had, and he was in Walmart, Lowe's, eBay,

716
00:30:51.280 --> 00:30:55.800
everywhere making millions. You know, so and that's a cheap

717
00:30:55.800 --> 00:31:00.640
little, like piece of plastic, versus I've had clients that are

718
00:31:00.640 --> 00:31:04.840
following patents on. I mean, I follow a patent for BAE systems.

719
00:31:05.320 --> 00:31:08.840
They had a way of determining what kind of weapons were

720
00:31:08.840 --> 00:31:14.120
utilized by troops on the ground, in in a warfare

721
00:31:14.120 --> 00:31:18.560
environment, by sending signals from a satellite and to tell and

722
00:31:18.560 --> 00:31:24.800
telling by the diffraction of light off of lenses on the

723
00:31:24.800 --> 00:31:27.960
weapons, they could tell what kind of weapons were used,

724
00:31:28.200 --> 00:31:31.000
because they knew what kind of lenses were used. So if you're

725
00:31:31.000 --> 00:31:34.600
using a certain kind of lens, you know, oh, this kind of rifle

726
00:31:34.600 --> 00:31:37.520
is associated with that lens. So the troops on the ground there,

727
00:31:38.160 --> 00:31:40.840
they're using these kind of weapons, that's how they knew

728
00:31:40.840 --> 00:31:45.400
what to use against them. So the whole point is, the money that

729
00:31:45.400 --> 00:31:47.880
you'll make on patents really is not dependent upon the

730
00:31:47.880 --> 00:31:51.600
complexity is dependent upon what's needed in the industry.

731
00:31:51.640 --> 00:31:54.120
Okay, so don't don't think to yourself, well, that's too

732
00:31:54.120 --> 00:31:56.760
simple. I don't know if I want to file a patent. That's not

733
00:31:56.760 --> 00:32:01.800
necessarily true. Okay, just just just to kind of give you

734
00:32:03.040 --> 00:32:06.000
some kind of voter confidence, but what you come up with is

735
00:32:06.000 --> 00:32:09.960
important. Okay. Again, patents last for 20 years from filing.

736
00:32:11.360 --> 00:32:15.360
If you can reverse engineer it, file a patent. If it's dead in

737
00:32:15.360 --> 00:32:18.520
three to five years, don't bother waste of time waste of

738
00:32:18.520 --> 00:32:22.560
money. Okay. You can file what are called apparatus patents,

739
00:32:22.640 --> 00:32:26.520
process patents. So there you can follow them on systems on

740
00:32:26.520 --> 00:32:32.080
devices, on machines, you can follow them on methods. Where my

741
00:32:32.080 --> 00:32:35.520
coaches just raised by a show of hands, where my coaches, okay,

742
00:32:35.920 --> 00:32:41.000
if you've got a very novel process of doing something, and

743
00:32:41.000 --> 00:32:45.400
it's not just done by a human being, you may have something

744
00:32:45.400 --> 00:32:50.320
that's protectable. There are method patents out there. So you

745
00:32:50.320 --> 00:32:53.720
should be consulting with an IP attorney with a patent attorney.

746
00:32:53.760 --> 00:32:56.640
Let me correct that. Not an IP attorney, a patent attorney.

747
00:32:56.960 --> 00:32:59.240
Don't talk to a trademark attorney about patent law,

748
00:32:59.240 --> 00:33:03.360
please. You're just gonna get in trouble. It's just don't do it.

749
00:33:03.400 --> 00:33:08.240
It's not it doesn't make sense. Like, if, if you need somebody

750
00:33:08.240 --> 00:33:10.640
to talk to about copyrights, don't talk to a trademark

751
00:33:10.640 --> 00:33:13.760
attorney. Like they're gonna say, Oh, yeah, I can research

752
00:33:13.760 --> 00:33:16.600
this. Yeah, I'm sure you could. I can research it too. I'm not

753
00:33:16.600 --> 00:33:21.680
paying you 600 bucks an hour for you to learn on my clock.

754
00:33:22.160 --> 00:33:26.760
Right? You'd be surprised how many lawyers will do that.

755
00:33:27.120 --> 00:33:29.040
They're like, yeah, I could do that. And then they spend like a

756
00:33:29.040 --> 00:33:32.120
half hour 45 minutes learning a topic to teach you about it.

757
00:33:32.120 --> 00:33:34.000
It's like, no, no, no, you want to make sure they have

758
00:33:34.000 --> 00:33:37.120
experience. Okay. So many different things are

759
00:33:37.120 --> 00:33:41.960
protectable. But before actually, before I go into Ray,

760
00:33:41.960 --> 00:33:44.920
I'm going to pause for a second, because I want to give away, I

761
00:33:44.920 --> 00:33:48.680
want to give away two prizes. Now one on the wheel. And I also

762
00:33:48.680 --> 00:33:57.600
want to give away one on a question. This will be the first

763
00:33:57.600 --> 00:34:00.360
person to answer this question is going to get a $50 Amazon

764
00:34:00.360 --> 00:34:03.200
gift certificate. And it can't be April because April is too

765
00:34:03.200 --> 00:34:07.280
smart. And she steals all the presents. So like, we can't hang

766
00:34:07.280 --> 00:34:09.400
out with April for Christmas. So she has all the presents with

767
00:34:09.400 --> 00:34:12.560
her name on the tree. So here's here's the question. All right.

768
00:34:13.520 --> 00:34:17.960
There are three stats story bars. I have mentioned them in

769
00:34:17.960 --> 00:34:20.520
passing already, we're going to talk about them in detail here

770
00:34:20.520 --> 00:34:24.920
now. But I've mentioned them in passing. I want to see if

771
00:34:24.920 --> 00:34:30.520
anybody remembers this. If a person in the public is using

772
00:34:30.520 --> 00:34:34.360
the invention for its intended purpose, but they're using it

773
00:34:34.360 --> 00:34:39.080
for testing purposes. What is that call? What is that

774
00:34:39.320 --> 00:34:44.600
exception to public use call? If somebody is using it for

775
00:34:44.600 --> 00:34:51.400
experimental purposes? What do you call that? If anybody knows?

776
00:34:55.040 --> 00:34:58.360
It's okay, if you don't, we're going to go over it now. Okay,

777
00:34:58.360 --> 00:34:59.600
I'll ask one other question.

778
00:35:00.000 --> 00:35:03.300
If you, there are three stat story bars, right?

779
00:35:04.560 --> 00:35:05.480
Beta testing.

780
00:35:05.480 --> 00:35:07.040
Close, close, Rita.

781
00:35:07.040 --> 00:35:09.800
So there's three stat story bars.

782
00:35:09.800 --> 00:35:14.260
If you have your invention published,

783
00:35:14.260 --> 00:35:15.760
what is that bar called?

784
00:35:15.760 --> 00:35:17.880
What is the bar called that's associated

785
00:35:17.880 --> 00:35:21.360
with publication of your invention?

786
00:35:21.360 --> 00:35:22.780
What is that bar called?

787
00:35:26.160 --> 00:35:28.160
This is not a trick question.

788
00:35:28.160 --> 00:35:29.000
Just guess.

789
00:35:30.280 --> 00:35:33.600
Patent.

790
00:35:33.600 --> 00:35:36.360
It's the blank bar and it has to do with publication.

791
00:35:36.360 --> 00:35:37.620
What's the bar called?

792
00:35:41.640 --> 00:35:42.800
I don't see it in chat.

793
00:35:43.680 --> 00:35:46.280
Publication bar, Deidre, that's it.

794
00:35:46.280 --> 00:35:48.480
That's the name of it, the publication bar.

795
00:35:48.480 --> 00:35:51.760
So make sure you write down right at Deidre gets it.

796
00:35:51.760 --> 00:35:54.120
Rick is like, what, what?

797
00:35:54.120 --> 00:35:55.200
That was it.

798
00:35:56.160 --> 00:35:59.380
All right, there are three statutory bars, okay?

799
00:36:00.400 --> 00:36:03.280
If you violate any of these statutory bars,

800
00:36:03.280 --> 00:36:04.920
please listen to this.

801
00:36:04.920 --> 00:36:07.400
You lose your invention.

802
00:36:07.400 --> 00:36:09.560
It's considered donated to the public.

803
00:36:09.560 --> 00:36:10.400
It's gone.

804
00:36:10.400 --> 00:36:11.760
You cannot recover it.

805
00:36:13.140 --> 00:36:15.640
And in fact, if you file a patent after this

806
00:36:15.640 --> 00:36:17.680
and you know it, you're actually committing fraud

807
00:36:17.680 --> 00:36:20.800
on the patent office, which is a federal offense.

808
00:36:22.320 --> 00:36:25.680
All right, so please listen to these three statutory bars.

809
00:36:25.680 --> 00:36:28.740
The first one is called the publication bar.

810
00:36:30.440 --> 00:36:33.280
The publication bar basically is saying

811
00:36:33.280 --> 00:36:36.120
that if your invention is substantially complete

812
00:36:36.120 --> 00:36:40.520
or ready to invent, if it's ready for patenting, right?

813
00:36:40.520 --> 00:36:43.760
So think of AutoCAD.

814
00:36:43.760 --> 00:36:46.680
Think of having your diagrams already done in AutoCAD,

815
00:36:46.680 --> 00:36:47.960
which means you can render it.

816
00:36:47.960 --> 00:36:49.960
It's ready to be created, right?

817
00:36:49.960 --> 00:36:51.520
You know what your invention looks like.

818
00:36:51.520 --> 00:36:55.520
You have a good idea of how to make it, okay?

819
00:36:55.520 --> 00:36:58.960
If it's at that, if, actually, you know what I'm gonna do?

820
00:36:58.960 --> 00:37:00.680
I'm gonna talk about the,

821
00:37:00.680 --> 00:37:02.040
yeah, let me talk about the public use bar.

822
00:37:02.040 --> 00:37:03.400
I'll talk about the public use bar.

823
00:37:03.400 --> 00:37:04.960
I think that's the easiest one to do.

824
00:37:04.960 --> 00:37:07.120
So if your invention basically is described

825
00:37:07.120 --> 00:37:08.840
in some kind of document

826
00:37:08.840 --> 00:37:12.680
so that other people can understand the invention

827
00:37:13.540 --> 00:37:15.940
and it's readily available to the public, that's it.

828
00:37:15.940 --> 00:37:17.660
Readily available to the public

829
00:37:17.660 --> 00:37:19.300
and it's described in enough detail

830
00:37:19.300 --> 00:37:22.560
so that somebody else can practice the invention,

831
00:37:22.560 --> 00:37:23.800
that's called publication.

832
00:37:23.800 --> 00:37:25.880
That's all that's required.

833
00:37:25.880 --> 00:37:27.320
Think of a white paper.

834
00:37:27.320 --> 00:37:29.800
Think of, you're so excited about your invention,

835
00:37:29.800 --> 00:37:31.160
you put it on your website.

836
00:37:32.480 --> 00:37:35.040
You put a picture of your invention on the website

837
00:37:35.040 --> 00:37:37.900
or you do a YouTube video

838
00:37:37.900 --> 00:37:40.160
and you describe every single component of the bicycle

839
00:37:40.160 --> 00:37:41.980
and you show a picture of it.

840
00:37:41.980 --> 00:37:44.680
That's readily available to the public

841
00:37:44.680 --> 00:37:47.000
and somebody can pick that up and practice the invention.

842
00:37:47.000 --> 00:37:48.660
That's considered publication.

843
00:37:50.400 --> 00:37:51.640
From the date that you do that,

844
00:37:51.640 --> 00:37:55.080
you have one year in the United States.

845
00:37:55.080 --> 00:37:56.780
If you don't file a patent within that year,

846
00:37:57.180 --> 00:37:58.980
your invention's considered donated to the public.

847
00:37:58.980 --> 00:38:02.060
Gone, gonzo, can't get it back, it's gone.

848
00:38:03.060 --> 00:38:05.260
Nothing you can do about it, okay?

849
00:38:05.260 --> 00:38:06.960
That's called the publication bar.

850
00:38:08.260 --> 00:38:10.740
The on-sale bar, that's the second one.

851
00:38:10.740 --> 00:38:13.000
Somebody tap into chat, on-sale bar.

852
00:38:16.280 --> 00:38:19.220
Right, on-sale bar, okay, that's the second one, okay?

853
00:38:19.220 --> 00:38:21.380
This on-sale bar is a little different.

854
00:38:21.380 --> 00:38:24.820
With the on-sale bar, that one is the one that says,

855
00:38:24.820 --> 00:38:27.940
was the invention essentially ready for patenting?

856
00:38:27.940 --> 00:38:29.220
So you have it on AutoCAD.

857
00:38:29.220 --> 00:38:30.820
What I started to tell you about,

858
00:38:30.820 --> 00:38:32.620
that's more like the on-sale bar.

859
00:38:32.620 --> 00:38:35.580
So if, does anybody here not know what AutoCAD is?

860
00:38:37.860 --> 00:38:41.500
Let me, so basically it's a computer rendering program

861
00:38:41.500 --> 00:38:43.240
where you take your product

862
00:38:43.240 --> 00:38:46.440
and you make it like 3D rendered in the software

863
00:38:46.440 --> 00:38:49.040
so somebody can pick it up and create it, all right?

864
00:38:49.040 --> 00:38:51.020
So it's basically complete

865
00:38:51.020 --> 00:38:54.280
in a computer software program, all right?

866
00:38:55.820 --> 00:38:58.740
That's, it's called AutoCAD.

867
00:38:58.740 --> 00:39:00.840
That's one of the programs that does that.

868
00:39:00.840 --> 00:39:03.280
If you've got your invention substantially complete,

869
00:39:03.280 --> 00:39:06.740
ready for patenting, and you offer it for sale.

870
00:39:07.740 --> 00:39:10.180
Now, please, please listen to this.

871
00:39:10.180 --> 00:39:12.180
You don't actually have to be the person

872
00:39:12.180 --> 00:39:13.140
offering it for sale.

873
00:39:13.140 --> 00:39:15.680
If you have a company and you have a marketing team

874
00:39:15.680 --> 00:39:18.220
and your marketing team offers something for sale

875
00:39:18.220 --> 00:39:20.020
without your permission,

876
00:39:20.020 --> 00:39:22.620
they may have started the clock without you knowing.

877
00:39:23.460 --> 00:39:27.540
There's a really famous case, a really famous case.

878
00:39:27.540 --> 00:39:29.780
Should be an infamous case, known for bad reasons,

879
00:39:29.780 --> 00:39:32.300
but there's a very famous case.

880
00:39:32.300 --> 00:39:34.940
What happened is there was a pharmaceutical company

881
00:39:34.940 --> 00:39:37.420
and they were at a trade show, at a conference.

882
00:39:37.420 --> 00:39:39.660
There was a member of their marketing team who was there,

883
00:39:39.660 --> 00:39:43.300
did a presentation about a drug,

884
00:39:43.300 --> 00:39:45.600
gave handouts about the drug,

885
00:39:45.600 --> 00:39:47.500
that went into detail about the drug, okay?

886
00:39:47.500 --> 00:39:48.680
Now, here's the thing.

887
00:39:49.240 --> 00:39:52.400
He didn't actually realize

888
00:39:52.400 --> 00:39:54.200
that they hadn't filed a patent yet.

889
00:39:56.180 --> 00:39:58.960
Now, for those of you that are in pharmaceuticals,

890
00:39:59.920 --> 00:40:00.760
you can help.

891
00:40:00.000 --> 00:40:03.500
You know that you spend a tremendous amount of money

892
00:40:03.500 --> 00:40:05.700
going after maybe five or six or seven

893
00:40:05.700 --> 00:40:08.700
or eight different drugs, hoping that one of them hits

894
00:40:08.700 --> 00:40:11.180
and that one of them gets FDA approval.

895
00:40:11.180 --> 00:40:13.000
So you'll spend tons and tons of money

896
00:40:13.000 --> 00:40:15.540
to finally get one that'll hit

897
00:40:15.540 --> 00:40:17.260
and then hopefully hit the market with it.

898
00:40:17.260 --> 00:40:18.620
This was the one that hit.

899
00:40:19.860 --> 00:40:23.820
This guy from the marketing team goes to this conference,

900
00:40:23.820 --> 00:40:26.920
talks about it, gives handouts about it,

901
00:40:26.920 --> 00:40:29.500
offers this thing like so other people,

902
00:40:29.840 --> 00:40:32.480
distributors can come in and buy in bulk

903
00:40:32.480 --> 00:40:33.940
and do all sorts of things.

904
00:40:33.940 --> 00:40:35.500
They hadn't filed a patent yet.

905
00:40:38.920 --> 00:40:43.000
Sometime later, legal finds out about this drug

906
00:40:43.000 --> 00:40:44.280
and says, oh, let's file a patent.

907
00:40:44.280 --> 00:40:45.960
A few years later, they file a patent on it.

908
00:40:45.960 --> 00:40:46.960
They get the patent.

909
00:40:48.200 --> 00:40:49.560
They try to enforce the patent

910
00:40:49.560 --> 00:40:51.120
against another party who's infringing.

911
00:40:51.120 --> 00:40:52.220
You know what happens?

912
00:40:53.160 --> 00:40:57.140
Patents invalidated because it was offered for sale.

913
00:40:58.080 --> 00:41:01.780
And on top of that, there was a publication.

914
00:41:04.280 --> 00:41:06.540
I mean, that's just a bad scenario.

915
00:41:07.400 --> 00:41:09.680
I mean, obviously the guy was fired,

916
00:41:09.680 --> 00:41:13.680
but the company itself lost potentially millions

917
00:41:14.880 --> 00:41:16.080
off of one mistake.

918
00:41:16.080 --> 00:41:18.520
So if you have a marketing team within your company,

919
00:41:18.520 --> 00:41:21.320
make sure you explain this stuff to your marketing team.

920
00:41:21.320 --> 00:41:24.580
Any of you guys and gals who have a marketing team,

921
00:41:24.580 --> 00:41:26.080
you should be teaching them all the stuff

922
00:41:26.100 --> 00:41:28.620
that you've learned over this week.

923
00:41:28.620 --> 00:41:31.500
Like you need to make sure they understand this stuff.

924
00:41:31.500 --> 00:41:33.000
Rhea, did you have a question?

925
00:41:34.700 --> 00:41:35.740
I think she's frozen.

926
00:41:36.980 --> 00:41:38.180
Oh, no.

927
00:41:38.180 --> 00:41:41.420
No, I'm just praising.

928
00:41:41.420 --> 00:41:42.260
Okay, awesome.

929
00:41:42.260 --> 00:41:43.260
Gotcha, gotcha, gotcha.

930
00:41:43.260 --> 00:41:47.260
So make sure that you explain this stuff to them, please,

931
00:41:47.260 --> 00:41:50.100
because if your marketing team is not on board

932
00:41:50.100 --> 00:41:50.980
with what you're doing,

933
00:41:50.980 --> 00:41:54.560
you can be losing things left and right, okay?

934
00:41:55.500 --> 00:41:57.820
All right, so those are two of the statutory bars.

935
00:41:57.820 --> 00:42:00.140
The last one is the public use bar.

936
00:42:00.140 --> 00:42:03.500
The public use bar, the way that one works

937
00:42:03.500 --> 00:42:06.300
is if the invention is used for its intended purpose

938
00:42:07.620 --> 00:42:09.180
by one member of the public

939
00:42:11.180 --> 00:42:12.860
and more than one year passes

940
00:42:12.860 --> 00:42:15.520
is considered donated to the public, all right?

941
00:42:15.520 --> 00:42:19.860
So now think of like Samuel

942
00:42:19.860 --> 00:42:22.180
creates a bicycle in his garage, right?

943
00:42:24.980 --> 00:42:26.240
And Samuel says,

944
00:42:27.180 --> 00:42:30.700
I wanna see how this works for really tall people.

945
00:42:30.700 --> 00:42:32.900
So John Unsted is really tall, right?

946
00:42:32.900 --> 00:42:34.700
I did a video with this guy.

947
00:42:35.540 --> 00:42:36.940
I did a video with this guy,

948
00:42:37.860 --> 00:42:40.300
it was like six months ago or something like that.

949
00:42:40.300 --> 00:42:42.980
I'm standing on the curb next to him

950
00:42:42.980 --> 00:42:45.100
so I could be somewhere near his height.

951
00:42:45.100 --> 00:42:46.660
That's how tall he is, literally.

952
00:42:46.660 --> 00:42:48.740
And then at the end of the video, I stepped down.

953
00:42:48.740 --> 00:42:50.340
It's really a funny video.

954
00:42:50.340 --> 00:42:51.900
So, but the whole point being,

955
00:42:51.900 --> 00:42:53.180
let's say Samuel says,

956
00:42:53.180 --> 00:42:55.400
I wanna see how this works for tall people.

957
00:42:55.400 --> 00:42:57.140
So he takes the bike.

958
00:42:57.140 --> 00:42:58.800
He goes over to his neighbor, John and says,

959
00:42:58.800 --> 00:43:01.360
hey, John, can you ride this bike around

960
00:43:01.360 --> 00:43:04.080
and just kind of test it out and see what it's like?

961
00:43:04.080 --> 00:43:05.960
John does, he rides it around.

962
00:43:05.960 --> 00:43:07.480
He gives him feedback.

963
00:43:07.480 --> 00:43:09.160
Samuel does some modifications.

964
00:43:09.160 --> 00:43:10.400
He says, okay, I need to make sure

965
00:43:10.400 --> 00:43:12.200
that the seat is adjustable now.

966
00:43:12.200 --> 00:43:14.400
I'm gonna make an adjustable seat, right?

967
00:43:14.400 --> 00:43:15.960
So that's some modification he made

968
00:43:15.960 --> 00:43:18.200
based on somebody else's feedback.

969
00:43:18.200 --> 00:43:20.640
That's called experimental use, that's okay.

970
00:43:20.640 --> 00:43:22.980
That's the third part of using it for its intended purpose.

971
00:43:23.720 --> 00:43:26.520
But it's for a temporary period of time.

972
00:43:26.520 --> 00:43:28.200
There's no money exchanged.

973
00:43:28.200 --> 00:43:29.920
It's not a sale.

974
00:43:29.920 --> 00:43:34.080
It's like, it's experimental use, it's testing, right?

975
00:43:34.080 --> 00:43:35.360
That's okay.

976
00:43:35.360 --> 00:43:38.840
But if instead Samuel said, hey, John, you're tall.

977
00:43:38.840 --> 00:43:39.760
I got a bike.

978
00:43:39.760 --> 00:43:41.840
I want you to try it out, but you know what?

979
00:43:41.840 --> 00:43:46.540
It's gonna cost you $275 to have the bike.

980
00:43:47.440 --> 00:43:49.360
And John says, all right, yeah, sure.

981
00:43:49.360 --> 00:43:50.680
I'm happy to give you feedback.

982
00:43:50.680 --> 00:43:52.680
Yeah, I'll give you 275.

983
00:43:53.340 --> 00:43:54.180
So he gives him 275.

984
00:43:54.180 --> 00:43:56.980
Now John's riding around, enjoying the bike,

985
00:43:56.980 --> 00:43:59.420
and every once in a while, he gives him some feedback,

986
00:43:59.420 --> 00:44:01.560
but he keeps the bike.

987
00:44:01.560 --> 00:44:03.620
There's no real terms and conditions.

988
00:44:03.620 --> 00:44:05.120
That's not experimental use.

989
00:44:06.400 --> 00:44:08.260
You might get some feedback from somebody,

990
00:44:08.260 --> 00:44:09.320
but that was a sale.

991
00:44:09.320 --> 00:44:10.860
Samuel made money on that thing.

992
00:44:10.860 --> 00:44:13.760
That's a flat out sale, right?

993
00:44:13.760 --> 00:44:16.220
So that would be a problem.

994
00:44:16.220 --> 00:44:18.140
So again, the three statutory bars,

995
00:44:18.140 --> 00:44:21.600
on sale bar, public use bar, publication bar.

996
00:44:21.600 --> 00:44:23.340
So why am I telling you this stuff?

997
00:44:24.320 --> 00:44:26.700
A lot of you are on the internet.

998
00:44:26.700 --> 00:44:31.440
A lot of you are on Instagram, Facebook, YouTube,

999
00:44:31.440 --> 00:44:34.680
TikTok, talking about everything that you do.

1000
00:44:36.020 --> 00:44:39.500
And I'm going, what in the world are you doing?

1001
00:44:39.500 --> 00:44:41.960
I'm thinking, oh my gosh.

1002
00:44:41.960 --> 00:44:46.960
So just understand that some of the things that you do

1003
00:44:47.020 --> 00:44:49.180
may result in you losing rights.

1004
00:44:49.180 --> 00:44:50.460
We've talked about trademarks.

1005
00:44:50.480 --> 00:44:52.040
We've talked about copyrights.

1006
00:44:52.040 --> 00:44:54.200
The good things about trademarks and copyrights

1007
00:44:54.200 --> 00:44:58.080
is if you do something, you still have legal rights, right?

1008
00:44:58.080 --> 00:45:01.080
In the copyright world, you have legal rights.

1009
00:45:00.000 --> 00:45:03.880
have rights. Second that you make that painting, boom, you

1010
00:45:03.880 --> 00:45:06.400
got legal rights. You want to go out there and show it to the

1011
00:45:06.400 --> 00:45:10.440
world? Yeah, so that's okay. Maybe if you show it the wrong

1012
00:45:10.440 --> 00:45:14.760
way, you might lose money. But at the same time, you still have

1013
00:45:14.760 --> 00:45:18.120
certain legal rights. The patent world does not work like that.

1014
00:45:18.360 --> 00:45:22.160
It is completely different from trademarks and copyright. Don't

1015
00:45:22.160 --> 00:45:26.280
confuse them. And in foreign countries, where are my people

1016
00:45:26.280 --> 00:45:29.280
that do sales in foreign countries, or do coaching in

1017
00:45:29.280 --> 00:45:31.640
foreign countries, have people coming in from foreign

1018
00:45:31.640 --> 00:45:34.320
countries? All right, we got a good number of you. All right.

1019
00:45:35.880 --> 00:45:40.200
Understand this in foreign countries. It works different. I

1020
00:45:40.200 --> 00:45:42.280
just told you how it works in the United States. There are

1021
00:45:42.280 --> 00:45:45.960
three statutory bars, which means when you perform any of

1022
00:45:45.960 --> 00:45:49.360
the actions that I just told you. Oh, and just so you guys

1023
00:45:49.360 --> 00:45:52.600
know, I'm going to drop in the Facebook group, a list of the

1024
00:45:52.600 --> 00:45:55.920
statutory bars. Okay, just so you have it. I know you're

1025
00:45:55.920 --> 00:45:58.640
taking notes, but I'm going to list it for you anyway. So you

1026
00:45:58.640 --> 00:46:01.720
have it there as well. Okay. You're going to see I'm going to

1027
00:46:01.720 --> 00:46:04.720
be dropping more stuff for all of you just so that you're going

1028
00:46:04.720 --> 00:46:07.200
to have access to the Facebook group. Even if you don't take

1029
00:46:07.200 --> 00:46:10.400
the offer, if you're in a challenge, you have access to

1030
00:46:10.400 --> 00:46:13.840
the Facebook group for 30 days, right? If you're in VIP, you

1031
00:46:13.840 --> 00:46:16.840
have access for 90 days. For those of you that take the

1032
00:46:16.840 --> 00:46:20.200
offer, you have access for a year to all of your challenge

1033
00:46:20.200 --> 00:46:24.360
videos, all of your VIP videos, plus you go into the portal and

1034
00:46:24.360 --> 00:46:26.480
you do all these other perks that we're giving all of you.

1035
00:46:26.480 --> 00:46:32.280
Okay. I don't know about it. Thank you. Teresa. Teresa, you

1036
00:46:32.280 --> 00:46:35.760
got a question? Go ahead and unmute yourself. Go ahead and

1037
00:46:35.760 --> 00:46:36.120
ask.

1038
00:46:36.760 --> 00:46:39.840
Okay, so I thought that there was four, I thought publication

1039
00:46:39.840 --> 00:46:44.480
bar, on sale bar, statutory bar and public use bar. So

1040
00:46:44.960 --> 00:46:48.960
good question. Good question. The other three are called

1041
00:46:48.960 --> 00:46:52.640
statutory bars, my friend. That's what they're called. So

1042
00:46:52.640 --> 00:46:56.200
the on sale bar is a statutory bar. The public use bar is a

1043
00:46:56.200 --> 00:47:01.120
statutory bar. The public use, the on sale publication and

1044
00:47:01.120 --> 00:47:04.320
public use bar, all of them are, they're called statutory bars.

1045
00:47:04.960 --> 00:47:08.080
That's what they are. Each of them. Statutory bar is not a

1046
00:47:08.080 --> 00:47:08.720
separate bar.

1047
00:47:09.440 --> 00:47:13.800
So statutory bar is a category and publication on sale and

1048
00:47:13.800 --> 00:47:15.440
public all belong under that.

1049
00:47:15.680 --> 00:47:19.400
You got it. Yeah. You're so welcome. You're so welcome.

1050
00:47:19.400 --> 00:47:24.480
Great question. Great question. So here's the thing. In the

1051
00:47:24.480 --> 00:47:27.000
United States, you have one year from that date, right? I

1052
00:47:27.000 --> 00:47:30.000
said, you, you, you made your offer for sale, you got one

1053
00:47:30.000 --> 00:47:33.080
year, it's okay, file your patent within that year. Here's

1054
00:47:33.080 --> 00:47:38.760
the problem. In foreign countries, they don't have a one

1055
00:47:38.760 --> 00:47:44.840
year extension does not exist. And for those of you that are

1056
00:47:44.840 --> 00:47:49.520
doing business in foreign countries, if you make a offer

1057
00:47:49.520 --> 00:47:54.760
for sale, or a, a disclosure, it's actually called the

1058
00:47:54.760 --> 00:47:57.760
disclosure bar in foreign countries, but you do any public

1059
00:47:57.760 --> 00:48:05.560
disclosure of your material in foreign countries, gone. My

1060
00:48:05.560 --> 00:48:11.320
snapper doesn't work. There we go. Gone. All right. Literally

1061
00:48:11.320 --> 00:48:16.720
gone. That's a problem, guys. Like if your market if your big

1062
00:48:16.720 --> 00:48:19.880
market is in Europe, and you're thinking, Oh, that's okay, my

1063
00:48:19.880 --> 00:48:23.440
marketing team is gonna offer this thing for sale at a trade

1064
00:48:23.440 --> 00:48:26.600
show next week. That's okay. I've got a year after that date

1065
00:48:26.600 --> 00:48:30.400
to file a patent application. No, you don't. The second you

1066
00:48:30.400 --> 00:48:33.440
offered it for sale at the trade show, it was gone in foreign

1067
00:48:33.440 --> 00:48:40.640
countries. You don't get a year it's gone. That's a big deal.

1068
00:48:41.200 --> 00:48:44.280
That can make or break some companies. And if you're selling

1069
00:48:44.280 --> 00:48:47.920
things on Amazon or eBay, guess what, there's probably a good

1070
00:48:47.920 --> 00:48:49.880
chance that you have people purchasing from foreign

1071
00:48:49.880 --> 00:48:52.480
countries, which means you probably have a market in foreign

1072
00:48:52.480 --> 00:48:58.640
countries. So be careful. Okay. Be very careful. So those are

1073
00:48:58.640 --> 00:49:01.520
the stat story bars. The United States is three foreign

1074
00:49:01.520 --> 00:49:06.320
countries. There is one now in foreign countries. I want to

1075
00:49:06.320 --> 00:49:10.120
take this very slow. So nobody gets really confused here. In

1076
00:49:10.120 --> 00:49:15.560
foreign countries, they allow you if you're making a

1077
00:49:15.560 --> 00:49:20.280
disclosure to an individual or to a small group, they allow you

1078
00:49:20.280 --> 00:49:25.160
to use NDAs. All right in foreign countries, and this is

1079
00:49:25.160 --> 00:49:27.880
where you need to talk to your lawyers. Make sure you talk to

1080
00:49:27.880 --> 00:49:31.000
your lawyers on this. This is so important. They had they need to

1081
00:49:31.000 --> 00:49:34.240
analyze your specific scenario and determine whether or not

1082
00:49:34.600 --> 00:49:39.480
your specific scenario and NDA is going to work or not. Okay.

1083
00:49:39.640 --> 00:49:42.560
But and this is foreign countries, again, only foreign

1084
00:49:42.560 --> 00:49:46.200
countries, not the US. Somebody type in the chat, not the US,

1085
00:49:46.520 --> 00:49:49.440
not the US. You guys have to understand this because people

1086
00:49:49.440 --> 00:49:51.720
get this wrong, and then they lose all their rights by

1087
00:49:51.720 --> 00:49:55.600
accident. And we can't have you guys messing this up. Not the

1088
00:49:55.600 --> 00:49:59.920
US. NDAs work in foreign

1089
00:50:00.000 --> 00:50:05.000
countries to stop what's called the disclosure,

1090
00:50:05.480 --> 00:50:07.440
the public disclosure bar,

1091
00:50:07.440 --> 00:50:10.020
which means if I have a meeting with Tim

1092
00:50:10.020 --> 00:50:11.720
and Tim is in Germany,

1093
00:50:11.720 --> 00:50:14.600
and I offer this thing for sale to Tim,

1094
00:50:14.600 --> 00:50:16.480
but I have an NDA,

1095
00:50:16.480 --> 00:50:21.160
it may be that it did not violate the public disclosure bar

1096
00:50:21.160 --> 00:50:23.320
because we had an NDA.

1097
00:50:23.320 --> 00:50:26.000
In the United States, they don't care.

1098
00:50:26.000 --> 00:50:27.120
The reason why they don't care is

1099
00:50:27.120 --> 00:50:29.580
because they gave you a year from that date.

1100
00:50:31.040 --> 00:50:32.920
So they don't care if you use an NDA or not.

1101
00:50:32.920 --> 00:50:34.200
In the United States,

1102
00:50:34.200 --> 00:50:36.840
NDAs don't work to stop a statutory bar.

1103
00:50:37.760 --> 00:50:40.220
Statutory bars, NDAs are down here.

1104
00:50:40.220 --> 00:50:42.680
Like in foreign countries, NDAs are up here.

1105
00:50:42.680 --> 00:50:44.000
They don't have any statutory bars.

1106
00:50:44.000 --> 00:50:46.380
They just have one bar, right?

1107
00:50:46.380 --> 00:50:48.520
Everybody goes to the same bar.

1108
00:50:48.520 --> 00:50:49.340
In foreign countries.

1109
00:50:49.340 --> 00:50:51.080
In the United States, we have a high variety, okay?

1110
00:50:51.080 --> 00:50:53.080
So there's a difference between the two.

1111
00:50:54.000 --> 00:50:54.840
All right.

1112
00:50:54.840 --> 00:50:56.160
What is an NDA?

1113
00:50:56.160 --> 00:50:57.000
What's an NDA?

1114
00:50:57.000 --> 00:50:58.960
Non-disclosure agreement.

1115
00:50:58.960 --> 00:51:00.520
Good question.

1116
00:51:00.520 --> 00:51:01.680
So there's a thing,

1117
00:51:01.680 --> 00:51:04.740
and we talk about this in the portal a lot.

1118
00:51:04.740 --> 00:51:07.820
We actually go into what terms are really important

1119
00:51:07.820 --> 00:51:11.040
in non-disclosure agreements and things like that.

1120
00:51:11.040 --> 00:51:14.760
So in a non-disclosure agreement,

1121
00:51:14.760 --> 00:51:16.840
you're having the other party sign this document

1122
00:51:16.840 --> 00:51:19.020
so they understand that whatever you disclose to them,

1123
00:51:19.020 --> 00:51:20.540
they can't tell anyone else.

1124
00:51:21.480 --> 00:51:25.040
But then there's a flavor in NDA called an NDA-NCA,

1125
00:51:25.080 --> 00:51:26.880
which is a non-compete agreement.

1126
00:51:27.800 --> 00:51:28.760
That's what you want.

1127
00:51:28.760 --> 00:51:30.560
You don't want just non-disclosure agreements.

1128
00:51:30.560 --> 00:51:34.980
You want non-disclosure agreements that add non-competes.

1129
00:51:34.980 --> 00:51:38.300
That means that your non-compete will make it so,

1130
00:51:38.300 --> 00:51:43.260
now when I talk to Julie and I disclose things,

1131
00:51:43.260 --> 00:51:45.280
not only is she not able to disclose it,

1132
00:51:45.280 --> 00:51:48.380
but she's not able to build a company to compete with me

1133
00:51:48.380 --> 00:51:50.440
because I have her locked in on a non-disclosure

1134
00:51:50.440 --> 00:51:52.120
and a non-compete, okay?

1135
00:51:53.040 --> 00:51:53.880
All right.

1136
00:51:55.160 --> 00:51:58.600
With that, I'm going to share something with you guys.

1137
00:51:58.600 --> 00:52:02.800
I want to show you guys that you've learned a lot.

1138
00:52:02.800 --> 00:52:05.300
So let me show something to you.

1139
00:52:07.440 --> 00:52:08.280
Let's close this.

1140
00:52:08.280 --> 00:52:10.720
You guys don't need this anymore.

1141
00:52:10.720 --> 00:52:12.740
Let's go right in here.

1142
00:52:17.080 --> 00:52:20.080
If I can get this shown to all of you.

1143
00:52:26.040 --> 00:52:28.080
There we go.

1144
00:52:28.080 --> 00:52:29.420
Okay, let's open this.

1145
00:52:34.960 --> 00:52:37.200
Okay, and share my screen.

1146
00:52:37.200 --> 00:52:40.040
Okay, I want to show you that you guys have learned a lot.

1147
00:52:42.880 --> 00:52:45.320
I'm not going to answer any of these questions now.

1148
00:52:45.320 --> 00:52:47.520
I'm going to show all of you a scenario

1149
00:52:48.560 --> 00:52:51.960
and you can unmute yourself and you can say out loud,

1150
00:52:55.080 --> 00:52:58.840
what area of IP you see in every line that I read to you.

1151
00:52:58.840 --> 00:52:59.680
Okay?

1152
00:53:01.960 --> 00:53:02.800
Okay.

1153
00:53:02.800 --> 00:53:04.840
And right afterwards, I'm going to give you guys,

1154
00:53:04.840 --> 00:53:07.080
I'm going to hand out another prize.

1155
00:53:07.080 --> 00:53:09.380
Actually, there's two more I'm going to hand out.

1156
00:53:09.380 --> 00:53:10.220
So here we go.

1157
00:53:11.300 --> 00:53:13.000
Let me share this with all of you.

1158
00:53:15.560 --> 00:53:16.560
Here's the scenario.

1159
00:53:16.560 --> 00:53:17.960
I don't like answering questions.

1160
00:53:17.960 --> 00:53:19.280
Not always.

1161
00:53:19.280 --> 00:53:21.000
Only if I know the answers.

1162
00:53:21.000 --> 00:53:21.840
Okay.

1163
00:53:22.840 --> 00:53:25.680
We're going to have the best gag reel ever.

1164
00:53:25.680 --> 00:53:29.240
Ray, we are going to have the best material for gag reels.

1165
00:53:29.240 --> 00:53:30.080
This is going to be great.

1166
00:53:30.080 --> 00:53:31.160
I can't wait.

1167
00:53:32.480 --> 00:53:33.520
Okay, here we go.

1168
00:53:36.360 --> 00:53:40.880
Number one, you own a small company called Burger Town.

1169
00:53:40.880 --> 00:53:42.680
What area of IP?

1170
00:53:42.680 --> 00:53:43.520
Baymark.

1171
00:53:43.520 --> 00:53:44.440
Baymark.

1172
00:53:44.440 --> 00:53:45.280
Baymark.

1173
00:53:45.280 --> 00:53:46.880
Very good, Baymark.

1174
00:53:46.880 --> 00:53:49.800
Number two, your number one selling burger

1175
00:53:49.800 --> 00:53:51.520
is called the Belt Buster.

1176
00:53:52.480 --> 00:53:53.320
What area?

1177
00:53:53.320 --> 00:53:54.160
Trademark.

1178
00:53:54.160 --> 00:53:55.000
Trademark.

1179
00:53:55.000 --> 00:53:56.440
Come on, come on.

1180
00:53:56.440 --> 00:53:57.720
You guys are so smart.

1181
00:53:57.720 --> 00:53:58.800
This is good.

1182
00:53:58.800 --> 00:54:01.000
All right, number three.

1183
00:54:01.000 --> 00:54:05.200
You have a website advertising the company.

1184
00:54:05.200 --> 00:54:06.040
Copyright.

1185
00:54:07.920 --> 00:54:09.360
I didn't even finish.

1186
00:54:11.120 --> 00:54:11.960
That's so good.

1187
00:54:11.960 --> 00:54:13.640
I didn't even finish.

1188
00:54:13.640 --> 00:54:15.880
I was like, wait, I didn't even finish, guys.

1189
00:54:15.880 --> 00:54:17.520
I got to finish the line.

1190
00:54:17.520 --> 00:54:18.400
So.

1191
00:54:18.400 --> 00:54:19.840
They're speed readers.

1192
00:54:19.840 --> 00:54:21.240
They are speed readers, yes.

1193
00:54:21.600 --> 00:54:23.640
You have a website advertising the company,

1194
00:54:23.640 --> 00:54:25.200
providing a menu.

1195
00:54:26.280 --> 00:54:27.120
Copyright.

1196
00:54:27.120 --> 00:54:27.960
Copyright.

1197
00:54:27.960 --> 00:54:28.800
Yeah.

1198
00:54:28.800 --> 00:54:29.640
Copyright.

1199
00:54:29.640 --> 00:54:31.160
And describing ingredients.

1200
00:54:31.160 --> 00:54:32.000
Copyright.

1201
00:54:32.000 --> 00:54:32.840
Copyright.

1202
00:54:32.840 --> 00:54:33.680
Copyright.

1203
00:54:33.680 --> 00:54:34.520
Copyright.

1204
00:54:34.520 --> 00:54:35.360
Okay.

1205
00:54:35.360 --> 00:54:36.200
Great secrets.

1206
00:54:36.200 --> 00:54:37.720
Ooh, who said that?

1207
00:54:37.720 --> 00:54:39.120
Was that Samuel?

1208
00:54:39.120 --> 00:54:39.960
Yeah.

1209
00:54:39.960 --> 00:54:41.080
Yeah, good job, man.

1210
00:54:41.080 --> 00:54:41.920
Okay, good job.

1211
00:54:41.920 --> 00:54:42.760
That's good.

1212
00:54:42.760 --> 00:54:43.600
All right, hold it.

1213
00:54:43.600 --> 00:54:44.840
Preparation techniques.

1214
00:54:44.840 --> 00:54:45.680
Patent.

1215
00:54:45.680 --> 00:54:46.520
Patent.

1216
00:54:46.520 --> 00:54:47.360
Patent.

1217
00:54:47.360 --> 00:54:48.200
Patent.

1218
00:54:48.200 --> 00:54:49.040
Come on, yes.

1219
00:54:49.040 --> 00:54:52.120
Information regarding each item on the menu.

1220
00:54:52.120 --> 00:54:52.960
Copyright.

1221
00:54:52.960 --> 00:54:53.800
Copyright.

1222
00:54:53.800 --> 00:54:54.640
Very good.

1223
00:54:54.640 --> 00:54:55.480
Very good.

1224
00:54:55.480 --> 00:54:56.320
Come on.

1225
00:54:56.320 --> 00:54:57.160
All right.

1226
00:54:57.160 --> 00:54:58.880
This is what a good teacher you are.

1227
00:54:58.880 --> 00:54:59.960
Aw, bless you.

1228
00:55:00.000 --> 00:55:05.160
Guys, you guys are awesome. All right, the next line, you have a

1229
00:55:05.160 --> 00:55:11.720
new process. Come on, yes, for keeping inventory of burgers

1230
00:55:11.720 --> 00:55:16.800
prepared, and for determining loss of profits by a novel

1231
00:55:17.080 --> 00:55:24.920
pressure sensitive device. Yep, not that word novel should

1232
00:55:24.920 --> 00:55:28.800
always give that away novel. And so in that line right there, it

1233
00:55:28.800 --> 00:55:32.240
says you have a new process for keeping inventory of burgers

1234
00:55:32.240 --> 00:55:34.920
prepared and for determining loss of profits by using a

1235
00:55:34.920 --> 00:55:39.720
novel pressure sensitive device. What's what is patentable there?

1236
00:55:44.880 --> 00:55:52.040
device and what else process process? Come on, come on. Yes,

1237
00:55:52.280 --> 00:55:57.280
it's located within a grill used for preparing burgers. So now,

1238
00:55:57.600 --> 00:56:01.560
check this out. You actually have in this line now, since we

1239
00:56:01.560 --> 00:56:05.360
added a grill, you can actually file a patent on the pressure

1240
00:56:05.360 --> 00:56:08.840
sensitive device, you can file a patent on the grill with the

1241
00:56:08.840 --> 00:56:12.480
pressure sensitive device. And you can file a patent a patent

1242
00:56:12.480 --> 00:56:16.800
on the process that's utilizing the novel pressure sensitive

1243
00:56:16.800 --> 00:56:21.800
device within the grill. And the best way to do it is to file one

1244
00:56:21.800 --> 00:56:25.320
patent that has three sets of claims where one set of claims

1245
00:56:25.320 --> 00:56:28.760
is on the process. One is on the pressure sensitive device,

1246
00:56:28.920 --> 00:56:31.600
and the other one is on the grill. That's how you get the

1247
00:56:31.600 --> 00:56:37.480
maximum impact from one pad. Okay. All right. Next, the

1248
00:56:37.480 --> 00:56:40.360
burgers placed on an indented surface of the grill during

1249
00:56:40.360 --> 00:56:45.400
cooking. The indented surface has a pressure sensitive switch

1250
00:56:45.440 --> 00:56:50.320
that is thrown when the weight of a burger is detected. Very

1251
00:56:50.320 --> 00:56:53.240
good. All right, here comes the next one. Get ready for this

1252
00:56:53.240 --> 00:56:58.000
one. This could be a curveball. Software within a computer is

1253
00:56:58.000 --> 00:57:02.440
capable of comparing the number of detected burgers to actual

1254
00:57:02.920 --> 00:57:04.560
burgers. What do you have?

1255
00:57:05.040 --> 00:57:06.680
Copyright process.

1256
00:57:07.400 --> 00:57:07.800
Right.

1257
00:57:09.160 --> 00:57:09.800
Process.

1258
00:57:13.960 --> 00:57:14.360
Oh,

1259
00:57:15.320 --> 00:57:18.920
you guys have nailed it. That's right. The software code is

1260
00:57:18.920 --> 00:57:22.000
protectable by copyright, the process is protectable by

1261
00:57:22.000 --> 00:57:26.360
patents. Yeah. Right. Very good. Very good. You guys do so

1262
00:57:26.360 --> 00:57:29.520
well with your companies. And then the last part, I just

1263
00:57:29.520 --> 00:57:32.360
finished reading off. So it says, to determine how many

1264
00:57:32.360 --> 00:57:35.880
cooked burgers were never sold, burn drop free replacements are

1265
00:57:35.880 --> 00:57:40.080
provided or claimed as by as a working benefit by a disgruntled

1266
00:57:40.080 --> 00:57:45.960
employee in there done that. Let's see next. You also sell a

1267
00:57:45.960 --> 00:57:48.760
new drink called Hungary.

1268
00:57:49.360 --> 00:57:54.520
Great, great, great, great, Mark. And everyone loves but no

1269
00:57:54.520 --> 00:57:56.040
one knows how to replicate.

1270
00:57:59.920 --> 00:58:06.200
Come on. This is so good. So I hereby ordain all of you idea

1271
00:58:06.200 --> 00:58:11.320
protectors. You've done it. Congratulations. I applaud you.

1272
00:58:11.320 --> 00:58:15.600
You've done a great job. That's so good. I'm so proud of you

1273
00:58:15.600 --> 00:58:20.600
guys. So you guys have covered top level stuff on trademarks,

1274
00:58:20.600 --> 00:58:25.640
copyrights, patents. Obviously, there's a lot more guys. I mean,

1275
00:58:25.640 --> 00:58:28.720
I've given you a taste of what the world is really like.

1276
00:58:29.160 --> 00:58:33.720
There's a lot more involved. I truly and honestly hope that

1277
00:58:33.720 --> 00:58:38.000
you'll join us in this offer. It's a phenomenal opportunity.

1278
00:58:38.320 --> 00:58:41.280
It'd be my honor to serve you guys in this and to continue

1279
00:58:41.280 --> 00:58:44.840
serving you throughout the year. You'll get more of this, like

1280
00:58:44.840 --> 00:58:47.560
we'll be directly working with each other throughout the year.

1281
00:58:48.080 --> 00:58:51.480
And it's even more engaging. And it's more fun. Quite frankly, we

1282
00:58:51.480 --> 00:58:56.120
have a blast when we do this, as Samuel would tell you. Um, now

1283
00:58:56.160 --> 00:59:00.160
let me do a little housekeeping here. Number one, can we load up

1284
00:59:00.160 --> 00:59:05.160
the wheel? So I want to give away I want to give away another

1285
00:59:05.200 --> 00:59:12.240
Amazon $50 gift card first. And let's roll the wheel for that.

1286
00:59:13.240 --> 00:59:17.720
All right, now everybody isn't here. So you have to be here in

1287
00:59:17.720 --> 00:59:22.280
order to win one of these prizes. Correct. And get this

1288
00:59:22.280 --> 00:59:22.880
out of the way.

1289
00:59:34.800 --> 00:59:37.480
Wow, Peters strategist said,

1290
00:59:37.720 --> 00:59:38.440
just said,

1291
00:59:39.040 --> 00:59:44.120
Eileen's on a plane. Oh, man, she joined us. He's gonna be so

1292
00:59:44.120 --> 00:59:48.200
long. Yeah, he's on a plane. She's in the foundation. And I

1293
00:59:48.200 --> 00:59:51.000
think he's through. Yes, she joined us. Yeah, she's in.

1294
00:59:54.160 --> 00:59:56.880
strategist said that this is more fun than med school.

1295
00:59:57.720 --> 00:59:59.200
My gosh, med school.

1296
01:00:00.000 --> 01:00:06.240
Oh, gosh, that's got to be so hard. Michael. Oh, is Michael

1297
01:00:06.240 --> 01:00:06.680
here?

1298
01:00:08.400 --> 01:00:09.240
He is not.

1299
01:00:09.760 --> 01:00:10.160
Oh,

1300
01:00:12.000 --> 01:00:12.760
again.

1301
01:00:15.680 --> 01:00:19.000
Yeah, law school was hard. But that's three years med school.

1302
01:00:20.320 --> 01:00:20.960
That's

1303
01:00:22.640 --> 01:00:23.600
just missed me.

1304
01:00:24.400 --> 01:00:25.880
Pamela is Pamela here.

1305
01:00:26.960 --> 01:00:28.000
She is.

1306
01:00:28.560 --> 01:00:35.120
Awesome. All right. Pamela gets the other $50 Amazon gift card.

1307
01:00:35.480 --> 01:00:40.120
Okay. Awesome. Now, there is a name on there at all.

1308
01:00:40.520 --> 01:00:43.800
Thank you. Thank you. Thank you, Peter. I thank you. You're

1309
01:00:43.800 --> 01:00:46.360
very welcome. You're very welcome. All right. I'm at a big

1310
01:00:46.360 --> 01:00:48.600
family feed. So I know I heard.

1311
01:00:49.120 --> 01:00:50.160
See, I heard.

1312
01:00:52.000 --> 01:00:55.280
What? Enjoy your family. Enjoy your family. Thank you. All

1313
01:00:55.280 --> 01:00:59.920
right. Italian. Oh, gosh. Yeah, Puerto Ricans and Italians

1314
01:00:59.920 --> 01:01:02.680
getting together is dangerous because we go into food comas.

1315
01:01:02.840 --> 01:01:07.360
Very dangerous. We just don't stop eating. So um, one more

1316
01:01:07.360 --> 01:01:11.680
thing. Oh, just a homework thing. If you guys would bless

1317
01:01:11.680 --> 01:01:14.640
us because as you can imagine, we put a lot of time and effort

1318
01:01:14.640 --> 01:01:17.720
into this. I truly want to see all of you succeed. I'm going to

1319
01:01:17.720 --> 01:01:21.040
be going through your videos as well. I'm going to be doing some

1320
01:01:21.040 --> 01:01:23.560
extra lives for you in the Facebook groups just giving you

1321
01:01:23.960 --> 01:01:28.400
some extra perks. I'm in there just to help you out. We're

1322
01:01:28.400 --> 01:01:32.280
going to be giving you Ray's going to send all of you a

1323
01:01:32.280 --> 01:01:37.240
review form. If you could please fill that out. It's invaluable

1324
01:01:37.240 --> 01:01:41.000
to us. Your review is very important to me personally,

1325
01:01:41.040 --> 01:01:44.160
because I review every single one of them like to see what

1326
01:01:44.160 --> 01:01:48.120
people like what they don't like what things help them. And if

1327
01:01:48.120 --> 01:01:51.120
everything is great, that's great, too. I've got, you know,

1328
01:01:51.120 --> 01:01:53.520
some that are like that as well. Actually, a lot that are like

1329
01:01:53.520 --> 01:01:56.640
that as well. But towards the end, there's a section that

1330
01:01:56.640 --> 01:02:00.000
asks you to just kind of describe if you were talking

1331
01:02:00.000 --> 01:02:03.880
about the protector idea challenge to somebody else. How

1332
01:02:03.880 --> 01:02:07.200
would you describe it? Now I might take some of that material

1333
01:02:07.200 --> 01:02:10.280
and use that for like an ad or use that for like a blurb that

1334
01:02:10.280 --> 01:02:13.320
I can utilize to guide other people in here so we can help

1335
01:02:13.320 --> 01:02:17.440
more people because each of you is in a different sector from

1336
01:02:17.440 --> 01:02:20.160
myself, right? There's not a lot of IP attorneys here as far as I

1337
01:02:20.160 --> 01:02:23.640
know. So, you know, people within your own business

1338
01:02:23.640 --> 01:02:26.960
sectors, and obviously spread the word, let other people know

1339
01:02:26.960 --> 01:02:32.400
if this has helped you let other people know, if you are in, if

1340
01:02:32.400 --> 01:02:36.600
you've taken the offer, you're going to get an affiliate link.

1341
01:02:37.080 --> 01:02:41.480
Alright, so when you when you refer somebody, send them the

1342
01:02:41.480 --> 01:02:45.720
affiliate link, please, because then you'll get 20% of every

1343
01:02:45.720 --> 01:02:49.680
single referral. If people do not click on your link, and they

1344
01:02:49.680 --> 01:02:52.840
sign up, we can't go backwards and try to figure out who

1345
01:02:52.840 --> 01:02:57.480
referred who. It's all automated through lead dino. Okay, and

1346
01:02:57.480 --> 01:02:59.920
there's there's hundreds of people that have been through

1347
01:02:59.920 --> 01:03:02.840
the system. And there's a lot of affiliates. So I want to make

1348
01:03:02.840 --> 01:03:07.600
sure it runs seamless. So if you're taking the offer, you

1349
01:03:07.600 --> 01:03:12.160
should be getting an affiliate link right away. All right. And

1350
01:03:12.160 --> 01:03:15.960
then you can let other people know. And we will be sending you

1351
01:03:15.960 --> 01:03:18.600
an email at some point when we do the next challenge. And when

1352
01:03:18.600 --> 01:03:21.760
you let other people know, send them your link, please, because

1353
01:03:21.760 --> 01:03:26.400
I'd much rather you be blessed, if possible. Right? It just

1354
01:03:26.400 --> 01:03:29.400
helps you guys out. And quite frankly, it can end up paying

1355
01:03:29.400 --> 01:03:33.360
off your own membership into the into this, this anyway. And

1356
01:03:33.360 --> 01:03:36.400
that's what a lot of people done like Todd and Tamra. They've

1357
01:03:36.400 --> 01:03:40.080
already paid for their membership over and over. So

1358
01:03:40.080 --> 01:03:43.280
that's what people do is they use it in that manner. I'll take

1359
01:03:43.280 --> 01:03:47.160
one or two questions. And then we are going to adjourn. Don't

1360
01:03:47.160 --> 01:03:50.440
forget, Monday is a free session. Okay, Monday, we'll do

1361
01:03:50.440 --> 01:03:54.160
the trademark searches. Anybody have a quick question either

1362
01:03:54.160 --> 01:03:57.600
about the offer that we have? Remember, you have until

1363
01:03:57.600 --> 01:04:01.440
tomorrow night, midnight in California, which is three in the

1364
01:04:01.440 --> 01:04:04.880
morning, which basically just means until I wake up, then I'm

1365
01:04:04.880 --> 01:04:11.960
shutting it off. So Evelyn, how are you? I love that thing in

1366
01:04:11.960 --> 01:04:17.800
the background, by the way. Oh, thank you. It's a blanket with

1367
01:04:17.800 --> 01:04:23.240
eagles. And I love eagles. I like. Yeah, loving you, Peter,

1368
01:04:23.240 --> 01:04:28.360
and the team. Listen, I, my question is, you mentioned that

1369
01:04:28.360 --> 01:04:37.280
in the foreign countries. There's no way of as far as a

1370
01:04:37.280 --> 01:04:41.200
patent. But my question is, let's say if I have songs over

1371
01:04:41.200 --> 01:04:45.320
there. And they're saying there's no compensation, that

1372
01:04:45.320 --> 01:04:48.440
means that the songs that's pretty much gone, right? Because

1373
01:04:48.440 --> 01:04:52.480
it's in other countries, as far as like compensation.

1374
01:04:53.120 --> 01:04:55.920
All right, let me let me clarify something first, just to make

1375
01:04:55.920 --> 01:04:59.480
sure. So there are foreign rights for patents, just to be

1376
01:04:59.480 --> 01:05:00.000
clear.

1377
01:05:00.000 --> 01:05:01.580
There are foreign rights.

1378
01:05:01.580 --> 01:05:03.940
You can file patents in foreign countries.

1379
01:05:03.940 --> 01:05:05.500
There's the European Patent Office,

1380
01:05:05.500 --> 01:05:06.920
the Japanese Patent Office,

1381
01:05:06.920 --> 01:05:08.900
there's the Canadian Patent Office.

1382
01:05:08.900 --> 01:05:12.500
Every foreign country has a patent office, okay?

1383
01:05:12.500 --> 01:05:17.020
Now, there's only one statutory bar in foreign countries.

1384
01:05:17.020 --> 01:05:20.500
In foreign countries, it's a public disclosure bar, period.

1385
01:05:20.500 --> 01:05:23.820
You violate that, technology is gone, you can't recover.

1386
01:05:23.820 --> 01:05:25.740
Now, there's certain countries that have,

1387
01:05:25.740 --> 01:05:28.620
which I didn't wanna go into which specific countries

1388
01:05:28.620 --> 01:05:30.460
actually have an extension.

1389
01:05:30.460 --> 01:05:33.660
There's like less than a handful of countries

1390
01:05:33.660 --> 01:05:36.500
that'll give you an extension of up to like three months.

1391
01:05:37.500 --> 01:05:38.940
Right, they're like exceptions

1392
01:05:38.940 --> 01:05:40.460
to the exceptions of the rule.

1393
01:05:40.460 --> 01:05:43.760
Like if you're in this offer portal thing,

1394
01:05:43.760 --> 01:05:45.140
you'll learn about all this other stuff.

1395
01:05:45.140 --> 01:05:47.500
They're like exceptions to exceptions, right?

1396
01:05:47.500 --> 01:05:49.540
But in general, just understand

1397
01:05:49.540 --> 01:05:50.540
that you can't go after rights.

1398
01:05:50.540 --> 01:05:52.700
Now, if you're talking about songs,

1399
01:05:52.700 --> 01:05:55.940
you're talking about songs or music, is it songs?

1400
01:05:55.940 --> 01:05:56.860
Songs.

1401
01:05:57.180 --> 01:06:00.220
Okay, so songs fall under copyrights.

1402
01:06:00.220 --> 01:06:02.620
Copyrights are protectable in foreign countries.

1403
01:06:02.620 --> 01:06:05.260
You can have, there are copyright laws.

1404
01:06:05.260 --> 01:06:06.380
What you wanna do is figure out

1405
01:06:06.380 --> 01:06:08.540
which specific country you have.

1406
01:06:08.540 --> 01:06:12.260
And then if you're in the network that we have,

1407
01:06:12.260 --> 01:06:13.660
some of the people that are in the network

1408
01:06:13.660 --> 01:06:15.060
who are here will tell you,

1409
01:06:15.060 --> 01:06:16.700
I'll just get you in touch with the attorneys

1410
01:06:16.700 --> 01:06:18.460
that I have in those countries.

1411
01:06:18.460 --> 01:06:20.700
And then when you work through us,

1412
01:06:20.700 --> 01:06:23.900
would they actually give you a discount to work with them?

1413
01:06:23.900 --> 01:06:28.900
Because as an example, if you worked with Marks and Clark,

1414
01:06:29.700 --> 01:06:34.260
you'd have to pay like 500 to $800 an hour, right?

1415
01:06:34.260 --> 01:06:37.580
But they discounted because they're in my referral network.

1416
01:06:37.580 --> 01:06:39.420
Right, now I don't get anything back for it.

1417
01:06:39.420 --> 01:06:40.500
Like I don't get a commission.

1418
01:06:40.500 --> 01:06:44.340
There's no legal affiliate program

1419
01:06:44.340 --> 01:06:45.940
in the legal profession.

1420
01:06:45.940 --> 01:06:48.420
Like you don't, if I send you a client,

1421
01:06:48.420 --> 01:06:49.820
you don't get 20%.

1422
01:06:49.820 --> 01:06:52.580
That doesn't work in the legal profession.

1423
01:06:52.580 --> 01:06:55.900
If people are doing that, I think that's really unethical

1424
01:06:55.900 --> 01:06:58.140
because what essentially you're doing is

1425
01:06:58.140 --> 01:07:03.140
you may be bypassing quality so as to make money.

1426
01:07:03.580 --> 01:07:05.860
And that's dangerous, right?

1427
01:07:05.860 --> 01:07:10.380
So the legal profession frowns upon this kind of like

1428
01:07:10.380 --> 01:07:13.740
affiliate 20% of what I bill, I'll send you.

1429
01:07:13.740 --> 01:07:15.620
They don't really like that.

1430
01:07:15.620 --> 01:07:20.620
Cause it's, every profession has people who are not good.

1431
01:07:21.620 --> 01:07:23.820
I'll just leave it at that.

1432
01:07:23.820 --> 01:07:26.860
So I don't think it's as bad as the movies make it.

1433
01:07:26.860 --> 01:07:29.540
They make lawyers look really bad in the movies

1434
01:07:29.540 --> 01:07:31.780
because you can get a lawyer disbarred.

1435
01:07:31.780 --> 01:07:34.380
Not too difficult, it's not too difficult

1436
01:07:34.380 --> 01:07:37.820
to get them suspended, to get them reprimanded

1437
01:07:37.820 --> 01:07:39.980
and you can even get them disbarred.

1438
01:07:39.980 --> 01:07:43.740
So it's, there's a lot more power than people understand.

1439
01:07:43.740 --> 01:07:46.380
And so, but anyways, to answer your question,

1440
01:07:46.380 --> 01:07:48.780
if you're going for rights in foreign countries,

1441
01:07:48.820 --> 01:07:52.220
you just need to speak to an agent in that country.

1442
01:07:52.220 --> 01:07:54.620
You can, by all means, you can get rights there.

1443
01:07:56.340 --> 01:08:00.100
What if it's 70, more than 70 countries?

1444
01:08:02.620 --> 01:08:07.620
If it's, so if you're doing copyrights,

1445
01:08:10.020 --> 01:08:12.300
it's more difficult than if you're doing trademarks.

1446
01:08:12.300 --> 01:08:14.300
In trademarks, within six months,

1447
01:08:14.300 --> 01:08:16.180
you can do a foreign filing that covers

1448
01:08:16.180 --> 01:08:20.420
many foreign countries, one filing, okay?

1449
01:08:20.420 --> 01:08:23.380
But in copyrights, I don't believe

1450
01:08:23.380 --> 01:08:25.300
they have anything like that.

1451
01:08:25.300 --> 01:08:28.300
I don't think you can cover like 70 countries.

1452
01:08:28.300 --> 01:08:29.779
Let me double check.

1453
01:08:29.779 --> 01:08:31.420
I'm gonna double check, all right?

1454
01:08:31.420 --> 01:08:33.899
After we get off tonight, I'll double check.

1455
01:08:33.899 --> 01:08:35.939
I love when I get a question that I'm like,

1456
01:08:35.939 --> 01:08:37.300
hmm, let me check that one out.

1457
01:08:37.300 --> 01:08:40.020
So let me just write down.

1458
01:08:42.340 --> 01:08:43.700
Yeah, because there's no such thing,

1459
01:08:43.700 --> 01:08:45.580
like in the patent world, there's no such thing

1460
01:08:45.939 --> 01:08:48.340
as a global patent, doesn't exist.

1461
01:08:48.340 --> 01:08:51.060
There's no such thing as a global trademark, right?

1462
01:08:51.060 --> 01:08:52.740
Then you can get a trademark that's covered

1463
01:08:52.740 --> 01:08:55.779
in multiple countries, but you can't have one patent

1464
01:08:55.779 --> 01:08:57.859
that's covered in multiple countries.

1465
01:08:57.859 --> 01:09:00.060
You have a patent, and then what you do is,

1466
01:09:00.060 --> 01:09:02.420
within a year, you do a foreign filing,

1467
01:09:02.420 --> 01:09:04.460
or you do what's called a PCT application

1468
01:09:04.460 --> 01:09:06.979
on their Patent Cooperation Treaty.

1469
01:09:06.979 --> 01:09:09.700
And then, sorry if I'm getting some people lost,

1470
01:09:09.700 --> 01:09:12.260
but if you, she asked, so I'm just kind of giving her

1471
01:09:12.260 --> 01:09:13.700
some of the information.

1472
01:09:13.700 --> 01:09:15.180
So if you file in the United States,

1473
01:09:15.180 --> 01:09:18.100
within one year, you have to do foreign filing.

1474
01:09:18.100 --> 01:09:20.060
If you don't file within that one year,

1475
01:09:21.140 --> 01:09:25.899
then you can't rely upon the US filing date, right?

1476
01:09:25.899 --> 01:09:28.540
I'm gonna give you an example of just how complex this is,

1477
01:09:28.540 --> 01:09:31.180
and this is why this offering that I'm giving you

1478
01:09:31.180 --> 01:09:33.819
is so important, because there's a lot

1479
01:09:33.819 --> 01:09:35.460
that's involved here, okay?

1480
01:09:35.460 --> 01:09:38.020
It's not as simple as people think it is.

1481
01:09:38.020 --> 01:09:39.380
If I file in the United States,

1482
01:09:39.380 --> 01:09:41.180
within one year, I have to do a foreign filing.

1483
01:09:41.180 --> 01:09:42.660
That foreign filing could be directly

1484
01:09:42.660 --> 01:09:45.700
in specific countries, or it can be what's called

1485
01:09:45.700 --> 01:09:47.859
a Patent Cooperation Treaty application.

1486
01:09:47.859 --> 01:09:50.260
If I file a Patent Cooperation Treaty application,

1487
01:09:50.260 --> 01:09:53.700
I now have 30 months from the earliest priority date

1488
01:09:53.700 --> 01:09:56.900
to file directly in specific countries, right?

1489
01:09:56.900 --> 01:09:59.220
So that means two and a half years.

1490
01:09:59.220 --> 01:10:00.060
So I filed-

1491
01:10:00.000 --> 01:10:04.560
January 1st, 2020, I've got two and a half years

1492
01:10:04.560 --> 01:10:06.400
to file in the specific countries

1493
01:10:06.400 --> 01:10:09.320
if I filed what's called a PCT application.

1494
01:10:09.320 --> 01:10:11.960
That's how the patent world works, right?

1495
01:10:11.960 --> 01:10:14.320
Now, copyrights don't work like that.

1496
01:10:14.320 --> 01:10:15.800
Copyrights are very different.

1497
01:10:15.800 --> 01:10:18.040
Copyrights, you just file directly in countries.

1498
01:10:18.040 --> 01:10:22.240
And so let me double check and I'll put something up

1499
01:10:22.240 --> 01:10:24.960
if I see any way to cover multiple countries

1500
01:10:24.960 --> 01:10:27.640
for copyrights, but I've never,

1501
01:10:27.680 --> 01:10:29.840
I've never seen like one application

1502
01:10:29.840 --> 01:10:33.640
cover many different countries in copyrights,

1503
01:10:33.640 --> 01:10:35.080
but I'll double check, absolutely.

1504
01:10:35.080 --> 01:10:36.960
And if it's there, I'll find it

1505
01:10:36.960 --> 01:10:38.440
because that's my specialty

1506
01:10:38.440 --> 01:10:40.920
is finding stuff in a legal realm.

1507
01:10:40.920 --> 01:10:43.520
All right, Sridhar, you're in VIP, right?

1508
01:10:45.040 --> 01:10:46.640
Yeah, let's cover it in VIP.

1509
01:10:46.640 --> 01:10:48.680
Sylvia, are you in VIP?

1510
01:10:48.680 --> 01:10:49.880
Let's cover in VIP, okay?

1511
01:10:49.880 --> 01:10:52.520
Because it's already 8.16, okay?

1512
01:10:52.520 --> 01:10:54.920
All right, my friends, bless all of you.

1513
01:10:54.920 --> 01:10:57.760
Anybody who is not going to be there on Monday,

1514
01:10:57.760 --> 01:11:00.160
I wish you the very best.

1515
01:11:00.160 --> 01:11:05.160
And please respond to that, the request for the review.

1516
01:11:07.680 --> 01:11:10.280
And I hope you'll join us in the,

1517
01:11:10.280 --> 01:11:12.200
with the IP Protection Portal

1518
01:11:12.200 --> 01:11:14.880
and with the entire package that we're doing with the audit.

1519
01:11:14.880 --> 01:11:16.680
So I'll see you guys later.

1520
01:11:16.680 --> 01:11:18.280
Larissa, I'll leave you here.

1521
01:11:18.280 --> 01:11:20.320
10 minutes, we'll get started over there.