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Okay, so just real quick, I want to go over the audit very fast, just so people understand

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things.

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So they got a number of questions on it.

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So I'm going to play a video here for a number of testimonies of people who have actually

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done the audit, who are applying things already within their businesses and doing incredibly

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well.

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This one, all of you met yesterday, because I asked her to stop by, but I think her testimony

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is very helpful.

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So I'm going to let it play because I think it's going to relate to a number of people.

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So let me open the link.

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Here we go.

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And let me share my screen.

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Okay, make sure we're sharing the sound too.

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There we go.

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Share sound as well.

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Good.

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Okay, here we go.

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I had just finished my audit, and I just have to say guys that it was the best party I've

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ever been to.

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And it definitely over delivered in every way that I could have ever imagined.

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I didn't know what to expect, to be honest, I did know that I was going to come out with

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some crazy value and I did.

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So much was unpacked in such little time.

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And it was just smooth.

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I've had businesses before, but this is a different business I'm getting into.

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And Peter does not do all the work for you.

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He does all the work with you.

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And that alone is already more than you can ask for.

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You're definitely ripping him off by getting all these things taken care of and he's there

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with you the whole time.

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We've robbed him definitely because this is priceless.

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It's the value on your audit and just being in this protection portal alone is so much

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more than you can ask for.

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So mad props to the generosity that Peter has given us for allowing us to be in such

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a community.

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And I'm just confessing that to everyone so you know how real this is.

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And I just want to stand on solid ground again and say that Peter is the real deal.

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He's just so thorough, this guy is so proper with everything.

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And I cannot be more blessed to have had him work on this with me.

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And I just pray to be successful so much sooner so that I can just go back and just

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tell everyone, you know what, this is the guy, this is the man who helped me get to

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where I got to go.

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Definitely one of the key roles into my success.

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I just had my IP audit yesterday.

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I'm very grateful for this program because I was stuck literally because of these copyright

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issues that I thought about it but I didn't know how to solve them.

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I tried to look for an IP lawyer but haven't been able to find one that is as knowledgeable

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as Peter and experienced as Peter.

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And so this time he really solved a lot of the long time questions I had regarding the

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videos I created.

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Each question, each situation I mentioned, Peter was able to help me to find an answer.

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Oh yes, I started a company name, eventually we found that there is another trademark that

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has the very similar name.

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But we found another one which is closer to my Chinese version and it has a higher possibility

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to be accepted.

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So that is great.

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I was very excited.

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At least I know there's a way to solve it instead of hanging in the air.

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I just had my IP audit.

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Peter and Ray did an amazing job.

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It just seemed to flow.

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In between all of that we were laughing and having fun.

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Peter gave me legal direction and discussed my patent and its history.

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Then he gave me legal direction regarding the word trademark and the specific goods

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and services that could be affected.

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And we think we overcame a few items there.

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Oh I had a manufacturing terms and services.

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services document, there was preparatory information, as well as an indemnity clause, and I read

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over those thoroughly, brought those to Peter's attention.

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He read through them as well, gave me great direction on what to add, why he was concerned

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about specific things.

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I think we covered nine different things.

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Definitely get prepared, look over everything you have, have more questions than you need.

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Peter's more than willing to take the time to go through it, and just a wonderful, wonderful

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experience.

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I just got done with my IP audit, and I'm so, so happy.

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It just was amazing.

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Peter helped me find a great money-making idea for a business that was something that

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I'm already good at, and I can just easily do it and put together a challenge and a course,

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and I didn't even know it was a thing.

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A potential partnership came out of this that is going to be a win-win-win, a win for all

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of us and the people that we serve.

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My exact IP questions were answered, and seeing the trademark searching going on with my ideas

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just made the training so much more clear, because I could see, okay, these are my ideas,

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and then this is where it doesn't line up, it's too descriptive or common terms that

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shouldn't be used.

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And then I came away with two business names that are unique and available to trademark,

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so that's just really exciting, because that's where I was kind of not knowing where to go

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from there.

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And then I came away with Clarity, Focus, Peace, and Joy.

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So I mean, just amazing, amazing.

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I feel like I'm so much lighter now, and so much more on fire to go and get my ideas done

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and work on this money-making idea.

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Hi there.

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I'm Eileen, and I did my IP audit last week with Peter Nieves.

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So they get you prepared with a package to, you know, have everything squared away, what

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we're going to talk about.

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And me being new in my business, I'm writing a book, and I've got, you know, some coaching

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down the road.

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I was thinking, okay, this meeting is not going to take long, because I don't have much.

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But after three hours, close to three hours with Peter, one, I just, it was awesome.

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I don't like lawyer stuff, I don't like, you know, that talk, but Peter just made it

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so easy.

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He gave me just like, like a map of the things that I needed to do, that I needed to take

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care of, how to protect myself, literally, it was so much more than what I expected.

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And Peter just goes above and beyond.

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So if you're thinking about it, considering it, I highly, highly suggest and encourage

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that you do.

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You will not be disappointed.

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Okay, I wanted to share that for a number of reasons.

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One is, a lot of people don't really understand what is being offered.

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And I'm getting literally phone calls and DMs where people are asking, you know, is

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this, are you going to do this?

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Are you going to do that?

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So I'm just going to take a minute so you understand.

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So what we're offering here is legal advice.

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It's not what we're doing here, where we're saying, this is not legal advice.

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This actually, this actually is legal advice, guys.

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Like we are analyzing your company, we're breaking down your company, your partnerships,

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your agreements, your legal agreements, your relationships, we are digging in.

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And you're, you literally will get a client engagement agreement, you'll be working directly

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with Nieves IP Law Group, which is my own law firm, which I created, which has my own

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attorneys who I selected, my own paralegals.

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Separate from that, we're covering trademark issues, patent issues, copyright issues and

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trade secret issues all at the same time.

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Typically what happens is you'll call a patent attorney, talk to them, then call a trademark

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attorney, talk to them separate, then call a copyright attorney, talk to them separate

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and hopefully they know trade secret law.

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So you're explaining the same scenario multiple times, which increases your costs, which is

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part of why these kinds of things cost typically 15 to $20,000.

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Separate from that, this is your time.

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I had this question multiple times, people say, can we just do a lot of trademark searches

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or can we, can I talk about multiple companies?

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Look, I don't care.

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I'll do whatever.

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This is your time.

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We can do whatever you want.

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If you want to talk about multiple companies, bring all of your companies.

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We had somebody, my gosh, Ray, what one person had like 14 questions, like literally it was

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like another and another and another and they brought, they had three companies.

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They brought all three companies.

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It was Nick.

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It was, it totally was Nick.

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And he's Nick and his wife.

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And they said, well, I know we're supposed to talk about one company, but can we talk

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about the other ones?

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I'm not going to, just in case you guys haven't figured it out yet, I'm not going to say no

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to pretty much anything.

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anything. So if it's in my means to help you, I'm going to help

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you. All right, if you're there, but so you're going to get the

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guidance on all these things. If you want to search many

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different trademarks during that two hours, three hours, I don't

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care. We can keep searching until we find a name that works

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for you. But I'll be doing the searching for you. So it's not

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like you just trying to figure it out on your own. Separate

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from that. You're also going to get the protection portal. I've

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had some questions on that. So I'll take one minute to explain

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this. And then we're going to jump in a little more. I'm going

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to let Jill speak and then we're going to jump in. The protection

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portal is a network. It's a private network. It's a private

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Facebook group. This now in this network, we're live all the

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time. We're sharing knowledge with each other. We're help

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people are asking questions or getting guidance on the latest

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trends in IP. On top of that, I go live for an hour and a half

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every single month and answer people's questions. They can

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email me questions during the month. I go through them during

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that time together and we answer all those questions. Now that's

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one feature of it. The other feature is the people are

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helping each other. Like if you need a contact in creating

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funnels or in an accountant or whatever it is, the people are

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there. So they're helping each other. And they're supporting

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each other. So it's no wonder that the people in that group

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are kind of elevated more than most. Because they all help

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there. They just have this obligation to each other to

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excel. And you literally see it there. And with that, I'm going

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to share is Jill here.

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Yes, she is. Yeah, I'm gonna go to alumni, Joe Wolf. Whoops.

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Oh, Judy. No, keep Judy on for a second. Keep Judy on for a

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second. So just so everybody knows, because I want to honor

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her. This is Judy Jordan. All right. So Judy, who's trying to

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prevent herself from being on the screen is literally the

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reason why I learned about 100x. The reason why I learned about

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challenges, the reason why I dug into creating this entire

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curriculum. So just want to honor you just love you to bits,

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Judy, very grateful for you. So love you on. Alright, so let's

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pull up Jill. Alumni Jill Wolf. So Jill, how are you? Good. Am

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I my gosh, that that looks like it looks like stuff I'm doing

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like all the time on your board. I'm an electrical engineers. I'm

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dealing with all of these kind of things all the time. So yeah,

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I tutor physics on the side. So yeah, you can tell. So could you

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take a minute, maybe tell people about the protection portal

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because you've been in it for a little while. And you know how

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people grow and what's happening what what it's really

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all about. Maybe you could share that for a minute.

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Yeah, I am a storybook author, and a coach to help people get

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their storybooks written and self published. So not only am I

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writing and so I'm dealing with copyrights, but then because

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it's storybooks, I'm contracting with an illustrator. So now I've

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got contracts, I've got legal agreements, I've got licensing

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and copyrights and considering like, who owns what, how do we

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sort this out when it makes money if we want to go do this

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with it? Then the whole AI enters the picture. And where

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does that play in with writing and storybooks and illustration?

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So there has been so many questions. And all I can say is,

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if I had had to pay per hour to get all these questions

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answered, I, I wouldn't have gotten them answered. There's

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just it. It ends up being so much so many. Yeah. So being

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able to come into this group and ask questions in the Porter

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being able to check in with people, being able to post my

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questions to see if Peter can answer them if he can address

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them in in the monthly meetings. It's just been so so amazing.

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And it has been able not only for my storybooks, but now that

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I'm coaching, I can increase the value that I'm offering my

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customers. Because now I understand better how to talk

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about things like contracts and licensing and copyrights. And I

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was just talking with I just finished a challenge last week.

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And I was talking with this about the people and they're

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like, I didn't even think about protecting what I'm writing. And

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I'm like, Oh, we need to talk. So there's, there's just he's

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just it's opened my eyes to so many little nooks and crannies

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of being able to do this right from the beginning. I really

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want to avoid paying. I love paying Peter to help me learn

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and help me move forward. I do not want to have to pay Peter to

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undo a mess. So I figure I will pay him on the front side.

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And I will invest in doing this the right way

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because nothing's worse than seeing your stuff out there.

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And now you're like, oh my gosh,

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now I have to pay through the nose to try to get it back.

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And so it's been an amazing group.

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The people in it are just high caliber,

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quality answering questions with questions,

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always checking in with Peter.

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And I found I've been able to even answer questions

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in other communities I'm in.

235
00:15:25.360 --> 00:15:26.200
I was in one of the other-

236
00:15:26.200 --> 00:15:27.040
That's really valuable.

237
00:15:27.040 --> 00:15:28.560
I mean, what Jill just said,

238
00:15:28.560 --> 00:15:30.880
just so I can harp on this guys,

239
00:15:30.880 --> 00:15:35.040
is that you increase your value with what you know.

240
00:15:35.040 --> 00:15:36.840
All right, so if you're competing in the industry

241
00:15:36.840 --> 00:15:40.100
against other individuals, but you understand IP,

242
00:15:40.100 --> 00:15:41.360
you increase your value,

243
00:15:41.360 --> 00:15:43.920
which means you can increase the cost of your products,

244
00:15:43.920 --> 00:15:46.200
your services, you can increase your billing rate,

245
00:15:46.200 --> 00:15:47.760
whatever it is, you can increase it

246
00:15:47.760 --> 00:15:49.000
because you have a level of knowledge

247
00:15:49.000 --> 00:15:50.720
that other people don't have.

248
00:15:50.720 --> 00:15:52.360
Now, the beauty of the package

249
00:15:52.360 --> 00:15:55.600
is that you go into a group for a full year.

250
00:15:55.600 --> 00:15:59.840
So as you're working with others and they have questions,

251
00:15:59.840 --> 00:16:02.320
you're not going on YouTube to try to figure out an answer

252
00:16:02.320 --> 00:16:05.360
and then say, okay, is what they're saying true or not?

253
00:16:05.360 --> 00:16:07.360
I might be taking information from someone

254
00:16:07.360 --> 00:16:09.360
who really doesn't know what they're talking about

255
00:16:09.360 --> 00:16:11.440
and giving false information to others.

256
00:16:11.440 --> 00:16:13.560
What people are doing in the protection portal

257
00:16:13.560 --> 00:16:15.600
is they're bringing that to the group.

258
00:16:15.600 --> 00:16:16.440
And they're saying, look,

259
00:16:16.440 --> 00:16:18.160
people in my group are asking this question,

260
00:16:18.160 --> 00:16:19.000
what's the answer?

261
00:16:19.000 --> 00:16:21.400
We tell them the answer, they now take it to their group,

262
00:16:21.400 --> 00:16:23.080
which keeps their value very high,

263
00:16:23.080 --> 00:16:25.320
which allows them to bill more,

264
00:16:26.000 --> 00:16:27.560
allows them to provide a premium product

265
00:16:27.560 --> 00:16:29.440
that other people can't provide

266
00:16:29.440 --> 00:16:31.920
because they stand out above the competition,

267
00:16:31.920 --> 00:16:33.000
which is helpful.

268
00:16:33.000 --> 00:16:35.080
And it allows them to be a better steward,

269
00:16:35.080 --> 00:16:36.000
serve others better.

270
00:16:36.000 --> 00:16:37.320
So, yeah.

271
00:16:37.320 --> 00:16:39.520
Thank you so much, Jill, for jumping on.

272
00:16:39.520 --> 00:16:40.440
Thank you, Peter.

273
00:16:40.440 --> 00:16:41.280
Thank you.

274
00:16:41.280 --> 00:16:44.120
This has been, it's wonderful to be a part of this community.

275
00:16:44.120 --> 00:16:44.960
Thanks.

276
00:16:44.960 --> 00:16:45.800
Well, I love having you here

277
00:16:45.800 --> 00:16:48.360
because you bring so much energy, honestly, to this group.

278
00:16:48.360 --> 00:16:49.200
I just adore you.

279
00:16:49.200 --> 00:16:50.760
You're so awesome.

280
00:16:50.760 --> 00:16:51.600
You and your son.

281
00:16:51.600 --> 00:16:52.440
Yeah.

282
00:16:52.440 --> 00:16:53.880
Just so good.

283
00:16:53.880 --> 00:16:54.720
That's good.

284
00:16:55.120 --> 00:16:55.960
All right, so guys,

285
00:16:55.960 --> 00:16:58.400
if you have questions, you can DM me separately.

286
00:16:58.400 --> 00:16:59.280
Enough of this.

287
00:16:59.280 --> 00:17:01.880
I just want to make sure you understood everything

288
00:17:01.880 --> 00:17:03.640
about what we're giving here.

289
00:17:03.640 --> 00:17:04.480
This is unique.

290
00:17:04.480 --> 00:17:06.359
You're never going to see a lawyer do this.

291
00:17:06.359 --> 00:17:07.760
Lawyers don't do this.

292
00:17:07.760 --> 00:17:10.319
I bill at 600 bucks an hour.

293
00:17:10.319 --> 00:17:12.640
I mean, honestly, 10 hours of my time,

294
00:17:12.640 --> 00:17:15.079
I bill six, that's $6,000.

295
00:17:15.079 --> 00:17:16.280
You know, it's just,

296
00:17:17.520 --> 00:17:19.440
there's easier ways for us to make money,

297
00:17:19.440 --> 00:17:21.079
but this is the way to serve well.

298
00:17:21.079 --> 00:17:23.200
That's why we're doing this, okay?

299
00:17:23.200 --> 00:17:24.560
All right, so with that,

300
00:17:25.400 --> 00:17:26.960
I want to jump into patent law.

301
00:17:30.880 --> 00:17:32.720
I'm going to hit major areas of patent law,

302
00:17:32.720 --> 00:17:34.960
and the reason why is because

303
00:17:34.960 --> 00:17:37.320
a lot of people don't understand in patent law,

304
00:17:38.200 --> 00:17:41.000
patent law is very unforgiving.

305
00:17:41.000 --> 00:17:44.400
It's one of the most dangerous areas of IP.

306
00:17:44.400 --> 00:17:48.200
There's the most lawsuits for malpractice.

307
00:17:48.200 --> 00:17:53.200
It is the most vicious area lawsuits for millions of dollars.

308
00:17:54.000 --> 00:17:55.640
One patent litigation matter

309
00:17:55.640 --> 00:17:59.760
will cost you upwards of a million dollars, literally.

310
00:17:59.760 --> 00:18:01.080
This is literally another reason

311
00:18:01.080 --> 00:18:04.320
why I put together this challenge in general

312
00:18:04.320 --> 00:18:06.080
is so people can understand this.

313
00:18:06.080 --> 00:18:08.720
Because imagine running a company,

314
00:18:08.720 --> 00:18:11.000
selling a product two, three years,

315
00:18:11.000 --> 00:18:13.680
all of a sudden somebody sends you a cease and desist letter

316
00:18:13.680 --> 00:18:15.560
or they file a lawsuit against you,

317
00:18:15.560 --> 00:18:18.520
and they say, I want a quarter of a million dollars,

318
00:18:18.520 --> 00:18:21.600
and I want you to stop selling the product now.

319
00:18:21.600 --> 00:18:25.080
And literally, your company crumbles because of this.

320
00:18:25.080 --> 00:18:29.240
So it was really important to me to put together something

321
00:18:29.240 --> 00:18:30.640
that'll give you the information

322
00:18:30.640 --> 00:18:32.400
so you don't run into these problems.

323
00:18:32.400 --> 00:18:36.120
So let me talk about patents for a little while,

324
00:18:36.120 --> 00:18:40.360
and we're going to hit the statutory bars, what they are,

325
00:18:40.360 --> 00:18:42.480
ways to save money, right?

326
00:18:42.480 --> 00:18:44.640
Because there's ways to save money in the patent world

327
00:18:44.640 --> 00:18:46.240
that most people don't know about.

328
00:18:46.240 --> 00:18:47.800
I'll talk about that,

329
00:18:47.800 --> 00:18:50.040
and we'll break it down in a little detail.

330
00:18:50.040 --> 00:18:53.960
Now, a special bonus that I offered before I forget.

331
00:18:55.040 --> 00:18:59.160
On Monday, I decided to give you a special bonus.

332
00:18:59.160 --> 00:19:00.920
It's going to be a half hour.

333
00:19:00.920 --> 00:19:03.080
I'm going to give you a briefing,

334
00:19:03.080 --> 00:19:07.840
a live briefing on how to do searches for logos, okay?

335
00:19:07.840 --> 00:19:10.760
Like, how do you actually, if you have a logo,

336
00:19:10.760 --> 00:19:13.400
how do you determine whether or not the logo you have

337
00:19:13.400 --> 00:19:16.840
could potentially infringe somebody else's logo, right?

338
00:19:16.840 --> 00:19:19.080
Because you can't just type a word in,

339
00:19:19.080 --> 00:19:20.840
like, the logo isn't a word.

340
00:19:20.840 --> 00:19:23.040
Like, you have to figure out how do you get a search.

341
00:19:23.040 --> 00:19:24.080
You can't take the picture,

342
00:19:24.080 --> 00:19:26.160
upload it, and search the USPTO website.

343
00:19:26.160 --> 00:19:27.320
That doesn't work.

344
00:19:27.320 --> 00:19:29.520
So you have to figure out how they work.

345
00:19:29.520 --> 00:19:31.520
I'm going to show you the secret

346
00:19:31.520 --> 00:19:35.480
to working with the USPTO website on how to do logos.

347
00:19:35.480 --> 00:19:37.200
Is that helpful to you guys?

348
00:19:37.200 --> 00:19:38.520
That's going to be Monday, yeah?

349
00:19:38.520 --> 00:19:39.360
Okay, cool.

350
00:19:39.360 --> 00:19:41.680
If most of you guys like that, then I'll do that.

351
00:19:41.680 --> 00:19:43.760
Ron is so excited.

352
00:19:43.760 --> 00:19:44.760
Who is?

353
00:19:44.760 --> 00:19:45.600
Ron.

354
00:19:45.600 --> 00:19:46.440
Ron?

355
00:19:46.440 --> 00:19:47.520
I just love Ron, period.

356
00:19:47.880 --> 00:19:49.280
He's great.

357
00:19:49.280 --> 00:19:51.400
Ron, you better get in the protection portal, man.

358
00:19:51.400 --> 00:19:52.320
That's all I have to say.

359
00:19:52.320 --> 00:19:53.880
At least get in there, all right?

360
00:19:53.880 --> 00:19:54.720
We'll talk later.

361
00:19:54.720 --> 00:19:56.520
But the whole point being that,

362
00:19:56.520 --> 00:19:59.520
I think if you can figure out how to do the logo searching.

363
00:20:00.000 --> 00:20:03.500
Oh my gosh, it makes your life a lot easier.

364
00:20:03.500 --> 00:20:05.860
Because when you hire GoDaddy,

365
00:20:05.860 --> 00:20:08.140
when you hire graphic artists,

366
00:20:08.140 --> 00:20:10.460
they don't, guys, please hear this, all right?

367
00:20:10.460 --> 00:20:11.780
Please hear this.

368
00:20:11.780 --> 00:20:13.380
They don't search for you.

369
00:20:14.920 --> 00:20:17.840
They're not doing trademark searches, guys.

370
00:20:17.840 --> 00:20:22.500
You're hiring them to create some kind of graphic for you,

371
00:20:22.500 --> 00:20:24.100
and they are not searching.

372
00:20:24.100 --> 00:20:25.340
That means what they're giving you

373
00:20:25.340 --> 00:20:28.500
may in fact commit trademark infringement.

374
00:20:28.520 --> 00:20:30.960
When you hire these companies, ask them,

375
00:20:30.960 --> 00:20:32.600
are you doing a trademark search?

376
00:20:32.600 --> 00:20:35.920
I guarantee you, 99% of them will say no.

377
00:20:37.540 --> 00:20:39.160
Okay, you need to understand that.

378
00:20:39.160 --> 00:20:42.200
Before you sign off on the new design

379
00:20:42.200 --> 00:20:44.560
that was created for you for your logo,

380
00:20:44.560 --> 00:20:47.920
go do what I'm gonna teach you Monday how to do.

381
00:20:47.920 --> 00:20:49.960
Do your own search and determine whether or not

382
00:20:49.960 --> 00:20:52.080
the logo that was created for you

383
00:20:52.080 --> 00:20:54.960
potentially infringed somebody else's logo.

384
00:20:54.960 --> 00:20:56.440
Because if you don't,

385
00:20:56.460 --> 00:21:00.940
you will spend 2,500 bucks, $5,000, $8,000

386
00:21:00.940 --> 00:21:04.660
for a new logo that literally you can't use.

387
00:21:05.660 --> 00:21:10.000
And that is, that's unfortunate to say the least.

388
00:21:10.000 --> 00:21:11.700
I did a deal with GoDaddy.

389
00:21:12.620 --> 00:21:14.580
I told them what to create.

390
00:21:14.580 --> 00:21:16.560
I told them what to create for my logo.

391
00:21:16.560 --> 00:21:18.400
They had the toughest time doing it.

392
00:21:18.400 --> 00:21:20.340
Then finally they got it right.

393
00:21:20.340 --> 00:21:23.180
And I had them assign a right title and interest to me,

394
00:21:23.180 --> 00:21:25.040
but I did my own search beforehand.

395
00:21:25.040 --> 00:21:26.740
So make sure you're doing the search, okay?

396
00:21:26.740 --> 00:21:28.860
And I'm gonna do that for you Monday.

397
00:21:28.860 --> 00:21:29.820
So you'll be just fine.

398
00:21:29.820 --> 00:21:32.020
All right, what's a patent?

399
00:21:32.020 --> 00:21:37.020
A patent is a grant by a government

400
00:21:37.640 --> 00:21:41.700
that allows you to stop others

401
00:21:41.700 --> 00:21:46.020
from making, using, selling,

402
00:21:46.020 --> 00:21:49.700
or importing whatever has been patented.

403
00:21:50.580 --> 00:21:51.400
That's what it is.

404
00:21:51.400 --> 00:21:54.780
It's a grant by a government that allows you to stop others.

405
00:21:55.520 --> 00:21:57.480
Notice I didn't say make.

406
00:21:57.480 --> 00:22:00.680
I did not say a patent allows you to make anything

407
00:22:00.680 --> 00:22:05.400
because a false belief that most people have

408
00:22:05.400 --> 00:22:07.960
is that patents allow you to make things.

409
00:22:07.960 --> 00:22:08.800
They don't.

410
00:22:10.680 --> 00:22:12.720
Okay, if the reason why you're filing a patent

411
00:22:12.720 --> 00:22:15.080
is because you wanna make something,

412
00:22:15.080 --> 00:22:18.840
that is the wrong reason to file a patent, all right?

413
00:22:18.840 --> 00:22:20.560
If you wanna make something,

414
00:22:20.560 --> 00:22:24.760
what you do is called a clearance search.

415
00:22:25.600 --> 00:22:29.840
C-L-E-A-R-A-N-C-E, search.

416
00:22:30.780 --> 00:22:32.980
Now in the Facebook group,

417
00:22:32.980 --> 00:22:37.780
I will drop a link for you of at least one company

418
00:22:37.780 --> 00:22:42.660
that I know of that does phenomenal patent searches, okay?

419
00:22:43.560 --> 00:22:45.580
And if you're in VIP,

420
00:22:45.580 --> 00:22:47.600
I'm actually gonna show you how to do today

421
00:22:47.600 --> 00:22:49.580
a patent search live, okay?

422
00:22:49.580 --> 00:22:50.660
I'll do it really quick here.

423
00:22:50.660 --> 00:22:51.980
I'll show you the site here,

424
00:22:51.980 --> 00:22:53.940
but in VIP we'll do it in a lot more detail

425
00:22:53.960 --> 00:22:55.680
so you can see, okay?

426
00:22:55.680 --> 00:22:57.720
All right, so again, it's a grant.

427
00:22:57.720 --> 00:22:59.220
It allows you to stop others

428
00:22:59.220 --> 00:23:00.680
from making, using, selling, or importing.

429
00:23:00.680 --> 00:23:02.060
You get to stop them.

430
00:23:02.060 --> 00:23:03.080
You can't make it.

431
00:23:03.080 --> 00:23:06.160
So if I go and I file a,

432
00:23:06.160 --> 00:23:09.080
I've got so many gadgets on my desk right here right now.

433
00:23:09.080 --> 00:23:10.060
I'm such a geek.

434
00:23:10.060 --> 00:23:14.040
All right, so here, this is a controller, right?

435
00:23:14.040 --> 00:23:14.880
Controller.

436
00:23:14.880 --> 00:23:17.460
Let's say I file a patent on this, all right?

437
00:23:18.360 --> 00:23:21.280
If I file a patent on this thing,

438
00:23:21.300 --> 00:23:26.260
I can stop Nika Smith from making this, right?

439
00:23:26.260 --> 00:23:27.100
She can't make it.

440
00:23:27.100 --> 00:23:28.980
She's like, what?

441
00:23:28.980 --> 00:23:30.060
But I'm so nice.

442
00:23:30.060 --> 00:23:32.080
I know, but I could stop her, right?

443
00:23:32.080 --> 00:23:35.300
But here's the thing is that while I can stop her,

444
00:23:35.300 --> 00:23:36.460
I can't make it.

445
00:23:36.460 --> 00:23:39.460
Because if I make this, there may be a problem.

446
00:23:39.460 --> 00:23:43.700
So I'm going to show you an example of what I mean

447
00:23:43.700 --> 00:23:45.540
that's kind of unique.

448
00:23:45.540 --> 00:23:47.220
I love doing this.

449
00:23:47.220 --> 00:23:48.660
I just, I love doing this.

450
00:23:48.660 --> 00:23:51.960
So I'm going to ask you a question.

451
00:23:51.960 --> 00:23:54.640
You have to pick number one or number two.

452
00:23:54.640 --> 00:23:56.800
Everybody has to pick a number one or number two, right?

453
00:23:56.800 --> 00:24:00.360
Nobody can not answer this, okay?

454
00:24:00.360 --> 00:24:02.200
There are 30 participants.

455
00:24:02.200 --> 00:24:05.620
I should see 30, at least ones or twos, okay?

456
00:24:05.620 --> 00:24:07.440
All right, here we go.

457
00:24:07.440 --> 00:24:09.200
You have an option.

458
00:24:09.200 --> 00:24:14.000
You can own the patent on a stool,

459
00:24:14.000 --> 00:24:17.640
which has a base and three legs,

460
00:24:17.660 --> 00:24:22.020
or you can own the patent on a chair,

461
00:24:22.020 --> 00:24:26.220
which has a base, four legs, and a back.

462
00:24:26.220 --> 00:24:27.260
Which one do you want?

463
00:24:27.260 --> 00:24:29.300
Number one is the stool.

464
00:24:29.300 --> 00:24:30.620
Number two is the chair.

465
00:24:30.620 --> 00:24:33.840
Type in the chat, which one do you want?

466
00:24:36.020 --> 00:24:38.260
Let's see, let everybody type.

467
00:24:38.260 --> 00:24:40.100
Lola, did you throw in an answer yet?

468
00:24:41.740 --> 00:24:43.180
Come on, Lola, that's awesome.

469
00:24:43.180 --> 00:24:44.220
Thank you, she went for two.

470
00:24:44.220 --> 00:24:45.740
She went for two, all right.

471
00:24:45.740 --> 00:24:47.580
All right, that's good, that's good.

472
00:24:48.140 --> 00:24:52.260
Awesome, okay, make sure everybody's done this.

473
00:24:52.260 --> 00:24:55.480
There's a two, there's another one, there's another two.

474
00:24:56.740 --> 00:24:57.980
This is good, this is good.

475
00:24:57.980 --> 00:24:59.700
It's all over the place, that's all right.

476
00:24:59.700 --> 00:25:00.540
At least no-

477
00:25:00.000 --> 00:25:00.920
Somebody wrote three.

478
00:25:00.920 --> 00:25:03.560
That's good.

479
00:25:03.560 --> 00:25:04.800
Can I own both?

480
00:25:04.800 --> 00:25:05.720
All right, Sonia.

481
00:25:05.720 --> 00:25:08.120
Sonia is always thinking outside the box.

482
00:25:08.120 --> 00:25:10.160
She's like, I want to own the whole market.

483
00:25:10.160 --> 00:25:11.080
Can I own them both?

484
00:25:11.080 --> 00:25:11.640
That's good.

485
00:25:11.640 --> 00:25:12.920
I like that.

486
00:25:12.920 --> 00:25:13.800
All right.

487
00:25:13.800 --> 00:25:17.000
So let me explain to you how this works.

488
00:25:17.000 --> 00:25:21.400
A chair has a base and four legs and a back.

489
00:25:21.400 --> 00:25:25.120
Therefore, the chair has at least a base and three legs,

490
00:25:25.120 --> 00:25:27.320
right?

491
00:25:27.320 --> 00:25:29.880
So therefore, it would be more valuable

492
00:25:29.880 --> 00:25:32.840
to have the patent on the stool, because then you

493
00:25:32.840 --> 00:25:35.080
can stop anyone from making the stool

494
00:25:35.080 --> 00:25:36.280
and from making the chair.

495
00:25:36.280 --> 00:25:38.520
Randy's like, yes.

496
00:25:38.520 --> 00:25:40.680
I'm not only a great baseball pitcher,

497
00:25:40.680 --> 00:25:43.880
but I'm a smart patent person too.

498
00:25:43.880 --> 00:25:45.320
It's so good.

499
00:25:45.320 --> 00:25:49.480
So the way it works out is, in the patent world,

500
00:25:49.480 --> 00:25:54.920
you want to own broad claims, like broad claims, OK?

501
00:25:54.960 --> 00:25:58.240
So if you own a base and three legs,

502
00:25:58.240 --> 00:26:00.480
that means if anybody makes a loveseat,

503
00:26:00.480 --> 00:26:02.800
if they make a dining chair, if they make

504
00:26:02.800 --> 00:26:04.200
there's so many things.

505
00:26:04.200 --> 00:26:08.720
Even a sofa can be argued to be a base and four legs.

506
00:26:08.720 --> 00:26:11.920
So for that reason, it should be argued

507
00:26:11.920 --> 00:26:14.000
to infringe the patent on the stool

508
00:26:14.000 --> 00:26:17.440
if it includes a base and three legs at least.

509
00:26:17.440 --> 00:26:18.880
Really important to understand.

510
00:26:18.880 --> 00:26:21.680
So if you get a patent, it doesn't mean you can make it.

511
00:26:21.680 --> 00:26:23.280
It means you can stop others.

512
00:26:23.320 --> 00:26:26.840
Now, the beauty of the patent is that you can now

513
00:26:26.840 --> 00:26:30.560
license it, the rights, to others.

514
00:26:30.560 --> 00:26:33.200
So even if you're not making it, you

515
00:26:33.200 --> 00:26:38.400
can license the rights to use the patent, OK?

516
00:26:38.400 --> 00:26:39.960
All the rights that come with a patent

517
00:26:39.960 --> 00:26:41.840
is the right to stop others from making, using, selling,

518
00:26:41.840 --> 00:26:42.560
or importing.

519
00:26:42.560 --> 00:26:45.000
So if I have the patent on a bicycle,

520
00:26:45.000 --> 00:26:47.720
and I don't want to use Anna Marie as an example

521
00:26:47.720 --> 00:26:49.760
because she's been so nice to me,

522
00:26:49.760 --> 00:26:51.040
but I'm going to do it anyway.

523
00:26:51.080 --> 00:26:57.320
So Anna Marie comes out, and she says, I've got a bicycle,

524
00:26:57.320 --> 00:26:59.960
but I'm going to throw a motor on it.

525
00:26:59.960 --> 00:27:02.080
And so it's a moped.

526
00:27:02.080 --> 00:27:03.400
It has pedals.

527
00:27:03.400 --> 00:27:06.120
It has at least two wheels rotatably connected

528
00:27:06.120 --> 00:27:07.040
to a center mass.

529
00:27:07.040 --> 00:27:08.520
It has a handlebar.

530
00:27:08.520 --> 00:27:10.760
But I added a motor to it.

531
00:27:10.760 --> 00:27:13.240
And so she says, this is a great idea.

532
00:27:13.240 --> 00:27:14.480
So I'm going to file a patent.

533
00:27:14.480 --> 00:27:15.640
And she files a patent.

534
00:27:15.640 --> 00:27:18.200
And then she goes out there, and she starts making the moped.

535
00:27:18.200 --> 00:27:21.240
But I've got the patent on the bicycle, right?

536
00:27:21.240 --> 00:27:23.880
So I see the moped, and I say, well, hold it.

537
00:27:23.880 --> 00:27:27.240
The moped has at least two wheels rotatably

538
00:27:27.240 --> 00:27:28.600
connected to a center mass.

539
00:27:28.600 --> 00:27:32.200
It has a handlebar, which is a steering mechanism.

540
00:27:32.200 --> 00:27:34.160
And it has a braking system.

541
00:27:34.160 --> 00:27:37.160
So therefore, that moped infringes my patent

542
00:27:37.160 --> 00:27:38.760
on the bicycle.

543
00:27:38.760 --> 00:27:40.880
So I might reach out to Anna Marie and say,

544
00:27:40.880 --> 00:27:42.720
Anna Marie, you're awesome.

545
00:27:42.720 --> 00:27:43.840
I love your moped.

546
00:27:43.840 --> 00:27:45.520
I wish I had one myself.

547
00:27:45.520 --> 00:27:50.000
But you need to actually have a license to my patent

548
00:27:50.000 --> 00:27:53.760
on the bicycle if you're going to make the moped.

549
00:27:53.760 --> 00:27:56.240
And then we'd negotiate, well, what's

550
00:27:56.240 --> 00:27:57.720
a reasonable royalty for that?

551
00:27:57.720 --> 00:28:00.640
Because now Anna Marie can take an exclusive license

552
00:28:00.640 --> 00:28:04.360
to the bicycle so nobody else can make mopeds.

553
00:28:04.360 --> 00:28:06.040
She'll literally be the only one who

554
00:28:06.040 --> 00:28:08.920
can make mopeds because I own the patent.

555
00:28:08.920 --> 00:28:11.360
And she got a license to my patent.

556
00:28:11.360 --> 00:28:12.440
Do you see that?

557
00:28:12.440 --> 00:28:13.920
That's how licenses work.

558
00:28:13.920 --> 00:28:19.560
A license gives you rights to somebody else's IP.

559
00:28:19.560 --> 00:28:21.960
Somebody else spent the money getting the patent.

560
00:28:21.960 --> 00:28:24.320
Somebody else spent the money getting the trademark.

561
00:28:24.320 --> 00:28:26.920
Somebody else spent the money getting the copyright.

562
00:28:26.920 --> 00:28:29.600
You run the risk of infringing it,

563
00:28:29.600 --> 00:28:34.480
namely doing what's in that patent or using that trademark

564
00:28:34.480 --> 00:28:37.200
or using that copyright, that painting.

565
00:28:37.200 --> 00:28:39.640
They reach out to you and say, you can't do that.

566
00:28:39.640 --> 00:28:40.600
You take a license.

567
00:28:40.600 --> 00:28:43.040
So you send them certain amounts of money

568
00:28:43.040 --> 00:28:44.400
or whatever the case may be.

569
00:28:44.400 --> 00:28:45.960
You do something for them.

570
00:28:45.960 --> 00:28:48.040
They give you a license so that you can now

571
00:28:48.040 --> 00:28:49.480
use it going forward.

572
00:28:49.480 --> 00:28:53.440
Well, imagine if you own the patent that's really powerful

573
00:28:53.440 --> 00:28:56.440
and everybody has to take a license from you.

574
00:28:56.440 --> 00:28:59.440
Now you can literally sit back and make thousands and thousands

575
00:28:59.440 --> 00:29:02.880
and thousands of dollars in revenue

576
00:29:02.880 --> 00:29:05.480
and you're not making anything.

577
00:29:05.480 --> 00:29:07.240
That's where patents come in.

578
00:29:07.240 --> 00:29:10.080
Patents allow you to stop others from making, using, selling,

579
00:29:10.080 --> 00:29:12.840
or importing, which means you can license your rights

580
00:29:12.840 --> 00:29:14.760
to others.

581
00:29:14.760 --> 00:29:17.640
So what does all this mean?

582
00:29:17.640 --> 00:29:21.120
If you get this brilliant idea downloaded on you,

583
00:29:21.120 --> 00:29:22.880
it may not be that you're supposed

584
00:29:22.880 --> 00:29:25.200
to make the product yourself.

585
00:29:25.200 --> 00:29:29.040
It may be that that idea was bestowed upon you

586
00:29:29.040 --> 00:29:32.640
to give to another or maybe to obtain patent rights

587
00:29:32.640 --> 00:29:34.840
so you can license it to another.

588
00:29:34.840 --> 00:29:36.720
It may not mean that you're supposed

589
00:29:36.720 --> 00:29:40.600
to build a corporation and manufacture that thing.

590
00:29:40.640 --> 00:29:42.920
You need to figure that out.

591
00:29:42.920 --> 00:29:43.880
That's the next step.

592
00:29:43.880 --> 00:29:45.240
You have to figure out, what do I

593
00:29:45.240 --> 00:29:48.240
do with the idea that I receive?

594
00:29:48.240 --> 00:29:51.320
Am I supposed to make it, license it, protect it?

595
00:29:51.320 --> 00:29:52.840
What am I supposed to do?

596
00:29:52.840 --> 00:29:54.360
It may not be that you're supposed

597
00:29:54.360 --> 00:29:57.760
to spend $100,000 making a corporation.

598
00:29:57.760 --> 00:30:01.400
Maybe you're supposed to sell the patent for $75,000.

599
00:30:00.000 --> 00:30:05.000
These are the things you need to think about.

600
00:30:05.040 --> 00:30:07.640
And this is why IP becomes so incredibly powerful.

601
00:30:07.640 --> 00:30:12.160
Now, a patent allows you to stop others

602
00:30:12.160 --> 00:30:14.800
from making, using, selling, or importing.

603
00:30:14.800 --> 00:30:17.560
Patents are expensive, guys.

604
00:30:17.560 --> 00:30:21.520
They are the most expensive of all areas of IP.

605
00:30:21.520 --> 00:30:23.920
IP meaning intellectual property.

606
00:30:23.920 --> 00:30:25.360
They are the most expensive.

607
00:30:25.360 --> 00:30:28.040
They are not cheap, okay?

608
00:30:28.040 --> 00:30:29.880
Not in any way, shape, or form.

609
00:30:29.880 --> 00:30:32.240
A single patent application could cost you

610
00:30:32.240 --> 00:30:35.400
nine to $15,000 just to draft.

611
00:30:35.400 --> 00:30:38.880
I wrote a 230-something page patent

612
00:30:38.880 --> 00:30:42.180
and I charged a client $45,000 for it.

613
00:30:42.180 --> 00:30:44.840
It was one of the first patents ever

614
00:30:44.840 --> 00:30:48.020
on artificial intelligence using neural networks

615
00:30:48.020 --> 00:30:50.740
for computers to be able to create their own language

616
00:30:50.740 --> 00:30:52.460
and speak to each other.

617
00:30:52.460 --> 00:30:54.900
It was a foundational patent.

618
00:30:54.900 --> 00:30:57.560
And I did not feel good about that patent.

619
00:30:57.560 --> 00:30:59.440
I stopped working for the client right after.

620
00:30:59.440 --> 00:31:01.960
I just thought, this is weird, I don't like this.

621
00:31:01.960 --> 00:31:05.840
But in any case, the point being,

622
00:31:05.840 --> 00:31:08.000
patents are billed per hour.

623
00:31:08.880 --> 00:31:12.960
So if you're working with a patent attorney,

624
00:31:12.960 --> 00:31:15.600
ask them the following question.

625
00:31:15.600 --> 00:31:18.200
Ask them if they're willing to draft a patent

626
00:31:18.200 --> 00:31:22.360
for you at a flat fee, all right?

627
00:31:22.360 --> 00:31:24.800
And if they're not willing to do a flat fee,

628
00:31:24.800 --> 00:31:26.280
ask them if they'll cap it.

629
00:31:27.120 --> 00:31:29.000
The reason why I'm telling you this is

630
00:31:30.080 --> 00:31:31.800
I've heard so many horror stories

631
00:31:31.800 --> 00:31:35.160
where somebody gets a quote of $10,000 for a patent

632
00:31:35.160 --> 00:31:36.920
and they end up spending 18,000

633
00:31:37.940 --> 00:31:40.760
because the bills just keep coming month after month

634
00:31:40.760 --> 00:31:42.640
after month after month.

635
00:31:42.640 --> 00:31:43.720
And by the time they're done,

636
00:31:43.720 --> 00:31:46.680
they've gotten 15 different invoices, you know,

637
00:31:46.680 --> 00:31:49.280
and the total cost has been like $22,000

638
00:31:49.280 --> 00:31:50.920
for something that they were originally told

639
00:31:50.920 --> 00:31:52.160
was only gonna cost 12.

640
00:31:53.040 --> 00:31:57.040
Like, you need to control your budgets, all right?

641
00:31:57.040 --> 00:31:59.080
So when you're working with IP attorneys,

642
00:31:59.080 --> 00:32:02.160
ask them beforehand, what's the cost for drafting the patent?

643
00:32:03.520 --> 00:32:08.480
Like, I need to know what is the overall cost.

644
00:32:08.480 --> 00:32:11.840
I need to know, like, how long is it gonna take to draft?

645
00:32:11.840 --> 00:32:13.960
Like, get engaged in this process.

646
00:32:13.960 --> 00:32:17.360
I'm teaching you these things so that you'll be involved.

647
00:32:17.360 --> 00:32:19.680
Instead of dropping your car off at the auto mechanic

648
00:32:19.680 --> 00:32:20.760
and saying, fix everything,

649
00:32:20.760 --> 00:32:24.080
you'll say, just fix the spark plugs by Tuesday.

650
00:32:24.080 --> 00:32:25.680
I'll be back to pick up the car.

651
00:32:26.720 --> 00:32:28.440
That's how you control your costs.

652
00:32:28.440 --> 00:32:31.320
As an entrepreneur, you can't afford to be

653
00:32:31.320 --> 00:32:33.280
just letting lawyers write whatever they want.

654
00:32:33.280 --> 00:32:34.380
You can't afford that.

655
00:32:35.720 --> 00:32:37.680
Many of you are doing bootstrap companies.

656
00:32:37.680 --> 00:32:40.220
Who here knows what bootstrap means?

657
00:32:40.220 --> 00:32:42.280
Yeah, so a lot of you guys are doing, like,

658
00:32:42.280 --> 00:32:45.560
bootstrap companies, using your own money,

659
00:32:45.560 --> 00:32:48.200
you know, retirement money, things like that,

660
00:32:48.200 --> 00:32:49.280
which I would never advise,

661
00:32:49.280 --> 00:32:51.880
but people will do that because they wanna

662
00:32:51.880 --> 00:32:53.740
get a new company running.

663
00:32:53.740 --> 00:32:54.800
And I understand that.

664
00:32:54.800 --> 00:32:55.840
I've done that.

665
00:32:55.840 --> 00:32:57.760
So if that's what you're doing,

666
00:32:57.760 --> 00:32:58.960
your money's very valuable.

667
00:32:58.960 --> 00:33:00.200
So don't just throw it away.

668
00:33:00.200 --> 00:33:03.480
Ask for a budget up front, okay?

669
00:33:03.480 --> 00:33:05.800
Now, something else to keep in mind.

670
00:33:05.800 --> 00:33:08.160
A patent, the life of a patent,

671
00:33:08.160 --> 00:33:10.520
you file the application.

672
00:33:10.520 --> 00:33:12.640
It goes to the United States Patent and Trademark Office

673
00:33:12.640 --> 00:33:14.600
if you're filing it there.

674
00:33:14.600 --> 00:33:16.760
Then all of a sudden, well, that's interesting.

675
00:33:16.760 --> 00:33:17.840
My hands are buzzing.

676
00:33:19.400 --> 00:33:20.480
Interesting.

677
00:33:20.480 --> 00:33:23.080
All right, for those of you who are believers,

678
00:33:23.080 --> 00:33:26.080
when we close, we're gonna pray at the end.

679
00:33:26.080 --> 00:33:28.580
We'll be praying over everybody's businesses, all right?

680
00:33:28.580 --> 00:33:29.560
If you're not a believer,

681
00:33:29.560 --> 00:33:32.280
I would stay and just take the blessing, quite frankly,

682
00:33:32.280 --> 00:33:33.800
because I can't tell you the stuff

683
00:33:33.800 --> 00:33:35.680
that's happened afterwards, so.

684
00:33:35.680 --> 00:33:37.800
But that was a reminder to me, so.

685
00:33:37.800 --> 00:33:40.920
Okay, so you file the patent application.

686
00:33:40.920 --> 00:33:43.720
It goes to the United States Patent and Trademark Office.

687
00:33:43.720 --> 00:33:46.560
It gets examined, all right?

688
00:33:46.560 --> 00:33:48.520
It gets examined by an examiner.

689
00:33:48.560 --> 00:33:51.720
Now, these people are very interesting, okay?

690
00:33:51.720 --> 00:33:53.120
Now, I have to be careful

691
00:33:53.120 --> 00:33:56.960
because they're the ones that basically have the gate

692
00:33:56.960 --> 00:33:59.600
and they're the ones that allow me to get an issue patent,

693
00:33:59.600 --> 00:34:02.120
so I'm not gonna say anything bad about them.

694
00:34:02.120 --> 00:34:05.720
But what I will say is sometimes examiners

695
00:34:05.720 --> 00:34:07.380
are in the wrong art unit,

696
00:34:07.380 --> 00:34:11.440
meaning you file a patent on a cell phone

697
00:34:11.440 --> 00:34:14.520
and you're working with somebody who is a professional

698
00:34:14.520 --> 00:34:16.659
in the area of car motors.

699
00:34:16.659 --> 00:34:18.440
I don't know why they're working on cell phones,

700
00:34:19.320 --> 00:34:21.320
but for some reason they're working on cell phones this week

701
00:34:21.320 --> 00:34:24.560
and so sometimes you'll get an examiner

702
00:34:24.560 --> 00:34:27.120
who really doesn't understand your technology.

703
00:34:27.120 --> 00:34:29.159
So let me give you a hint here,

704
00:34:29.159 --> 00:34:30.920
something that's very valuable.

705
00:34:30.920 --> 00:34:32.199
So please listen to this.

706
00:34:33.400 --> 00:34:37.139
If you have a patent that's in front of the patent office

707
00:34:37.139 --> 00:34:39.560
and you're having trouble getting it allowed,

708
00:34:39.560 --> 00:34:44.560
you can ask for what's called an examiner's interview, okay?

709
00:34:44.960 --> 00:34:47.120
It's called an examiner interview.

710
00:34:48.679 --> 00:34:49.960
In an examiner interview,

711
00:34:49.960 --> 00:34:51.580
you can have yourself and your lawyer

712
00:34:51.580 --> 00:34:54.520
and you can explain the technology.

713
00:34:54.520 --> 00:34:56.520
If you get a really strong suspicion

714
00:34:56.520 --> 00:34:58.240
that after you file your patent,

715
00:34:58.240 --> 00:35:00.140
the person who's examining just has.

716
00:35:00.000 --> 00:35:04.260
no clue what in the world your technology has to do with,

717
00:35:04.260 --> 00:35:06.440
or they're just missing it,

718
00:35:06.440 --> 00:35:09.800
tell them you want an examiner interview, please.

719
00:35:09.800 --> 00:35:12.340
Because the alternative is that your attorney

720
00:35:12.340 --> 00:35:15.480
is gonna continue filing responses to office actions.

721
00:35:15.480 --> 00:35:16.480
And every time they do that,

722
00:35:16.480 --> 00:35:19.200
you're gonna spend another four or $5,000

723
00:35:19.200 --> 00:35:20.800
for every single one.

724
00:35:20.800 --> 00:35:22.680
There's another four grand, another five grand,

725
00:35:22.680 --> 00:35:24.800
another four grand, another five grand.

726
00:35:24.800 --> 00:35:27.560
And it adds up very fast.

727
00:35:27.640 --> 00:35:30.160
It's a lot easier to call the examiner and say,

728
00:35:30.160 --> 00:35:34.040
hey, Ms. Examiner, there seems to be some confusion

729
00:35:34.040 --> 00:35:35.360
with regard to the technology.

730
00:35:35.360 --> 00:35:37.520
Can I explain this to you?

731
00:35:37.520 --> 00:35:40.040
They're more than happy to listen.

732
00:35:40.040 --> 00:35:41.960
And then you talk to them, explain it,

733
00:35:41.960 --> 00:35:43.920
and show them how that's described

734
00:35:43.920 --> 00:35:47.960
in your detailed description, in your written patent.

735
00:35:47.960 --> 00:35:52.460
And I'm telling you, it makes patents issue way faster.

736
00:35:52.460 --> 00:35:55.760
It costs you exponentially less, okay?

737
00:35:56.720 --> 00:36:00.160
Remember, examiner interview, you can do that, okay?

738
00:36:00.160 --> 00:36:01.960
Now, something else to keep in mind.

739
00:36:02.940 --> 00:36:05.620
Since patents are expensive,

740
00:36:05.620 --> 00:36:08.040
the government grant provided something

741
00:36:08.040 --> 00:36:10.020
that's kind of unique.

742
00:36:10.020 --> 00:36:11.740
And I'm gonna take a moment to explain this.

743
00:36:11.740 --> 00:36:15.680
They're called provisional patents, all right?

744
00:36:15.680 --> 00:36:20.680
Provisional patents, P-R-O-V-I-S-I-O-N-A-L,

745
00:36:22.200 --> 00:36:24.640
provisional patents, okay?

746
00:36:24.640 --> 00:36:25.740
Thank you, Larissa.

747
00:36:26.720 --> 00:36:29.160
I should have just read what Larissa wrote,

748
00:36:29.160 --> 00:36:31.960
instead of trying to spell, you know, the user.

749
00:36:33.000 --> 00:36:36.160
So the way these things work

750
00:36:36.160 --> 00:36:38.560
is that it's kind of like a redacted version

751
00:36:38.560 --> 00:36:40.980
of a normal patent, okay?

752
00:36:40.980 --> 00:36:42.080
When you file a patent

753
00:36:42.080 --> 00:36:43.820
and you want to examine at the patent office,

754
00:36:43.820 --> 00:36:46.220
that's called a utility patent.

755
00:36:46.220 --> 00:36:49.600
A utility patent gets examined by the patent office.

756
00:36:49.600 --> 00:36:51.860
A provisional patent does not.

757
00:36:51.860 --> 00:36:55.500
A utility patent has background on the invention,

758
00:36:55.500 --> 00:36:57.340
field of the invention, title,

759
00:36:57.340 --> 00:36:59.340
cross-reference to related applications,

760
00:36:59.340 --> 00:37:00.700
brief description of the drawing,

761
00:37:00.700 --> 00:37:03.380
summary of the invention, detailed description,

762
00:37:03.380 --> 00:37:07.460
abstract claims, and at least one drawing if required, okay?

763
00:37:07.460 --> 00:37:09.980
Basically, it's a lot of stuff.

764
00:37:09.980 --> 00:37:12.900
There's a lot of stuff in a utility patent.

765
00:37:12.900 --> 00:37:14.620
That thing that you send to the patent office

766
00:37:14.620 --> 00:37:16.660
to get examined and hopefully get an issue patent,

767
00:37:16.660 --> 00:37:18.100
there's a lot of stuff in it.

768
00:37:18.100 --> 00:37:22.140
A provisional patent only requires a title

769
00:37:22.140 --> 00:37:23.860
and a detailed description.

770
00:37:23.860 --> 00:37:25.320
That's all that's required.

771
00:37:25.320 --> 00:37:29.620
Now, if a drawing is necessary to understand the invention,

772
00:37:29.620 --> 00:37:31.780
then you should add a drawing.

773
00:37:31.780 --> 00:37:34.340
But besides that, you could have a,

774
00:37:34.340 --> 00:37:36.660
how many people here know what a white paper is?

775
00:37:36.660 --> 00:37:38.140
Just by a show of hands.

776
00:37:38.140 --> 00:37:39.660
Yeah, we got a lot of smart people here.

777
00:37:39.660 --> 00:37:42.540
All right, so a white paper,

778
00:37:42.540 --> 00:37:46.120
it's typically, it's like a technical document

779
00:37:46.120 --> 00:37:49.000
that describes a specific kind of technology

780
00:37:49.000 --> 00:37:51.800
in a lot of technical language.

781
00:37:51.800 --> 00:37:55.680
It shows tests that were done, results of tests,

782
00:37:55.680 --> 00:37:58.960
but it's a very technical document, okay?

783
00:37:58.960 --> 00:38:00.760
How many people know what a thesis is?

784
00:38:00.760 --> 00:38:01.980
How about that?

785
00:38:01.980 --> 00:38:03.720
All right, a lot of people know what a thesis is, right?

786
00:38:03.720 --> 00:38:06.920
So you go through high school, college,

787
00:38:06.920 --> 00:38:09.760
undergrad, grad school, PhD,

788
00:38:09.760 --> 00:38:12.040
you have to provide your thesis, right?

789
00:38:12.080 --> 00:38:16.580
That thesis, you can actually file with the patent office.

790
00:38:18.000 --> 00:38:18.840
Interesting.

791
00:38:18.840 --> 00:38:20.140
I'll tell you a really quick story

792
00:38:20.140 --> 00:38:22.400
that literally scared the living daylights

793
00:38:22.400 --> 00:38:25.400
out of all the students that were in my conference

794
00:38:25.400 --> 00:38:26.760
at Dartmouth College.

795
00:38:29.440 --> 00:38:33.540
I was teaching for Keith,

796
00:38:33.540 --> 00:38:38.320
who was one of the professors who leads a group,

797
00:38:38.320 --> 00:38:41.540
the medical device industry at Dartmouth College, right?

798
00:38:42.320 --> 00:38:44.720
And he said, hey, can you teach some IP,

799
00:38:44.720 --> 00:38:45.800
whatever you feel like teaching?

800
00:38:45.800 --> 00:38:46.880
I said, yeah, sure.

801
00:38:46.880 --> 00:38:49.560
So I get into this category

802
00:38:49.560 --> 00:38:50.560
and I'm about to teach you

803
00:38:50.560 --> 00:38:52.640
about what's called statutory bars, right?

804
00:38:52.640 --> 00:38:53.920
And just so everybody knows,

805
00:38:53.920 --> 00:38:56.560
I'm gonna give you a handout afterwards

806
00:38:56.560 --> 00:38:59.200
on the Facebook group that lays out the statutory bars.

807
00:38:59.200 --> 00:39:00.040
So you don't have to worry

808
00:39:00.040 --> 00:39:02.180
about writing all this stuff down there.

809
00:39:02.180 --> 00:39:03.200
It'll be easier for you.

810
00:39:03.200 --> 00:39:06.080
Okay, so I get in front of them

811
00:39:06.080 --> 00:39:08.760
and I start teaching them about provisional patents.

812
00:39:08.760 --> 00:39:12.040
And then I explain to them what the statutory bars are.

813
00:39:12.040 --> 00:39:13.120
In the statutory bars,

814
00:39:13.120 --> 00:39:15.440
the way they work is that if you perform

815
00:39:15.440 --> 00:39:18.680
any of the following things that I'm about to tell you,

816
00:39:18.680 --> 00:39:23.680
and one year passes, you lose all patent rights, okay?

817
00:39:23.700 --> 00:39:27.560
One year, guys, like if any of the following things

818
00:39:27.560 --> 00:39:30.000
that I talk to you about happens,

819
00:39:30.000 --> 00:39:34.060
and one year passes, you lose all patent rights.

820
00:39:34.060 --> 00:39:36.520
You cannot obtain a patent, okay?

821
00:39:36.520 --> 00:39:41.120
So digging into these, there's three statutory bars.

822
00:39:41.120 --> 00:39:44.400
There's the public use bar, the publication bar,

823
00:39:44.400 --> 00:39:45.560
and the offer for sale bar.

824
00:39:45.560 --> 00:39:47.080
Those are the three bars.

825
00:39:47.080 --> 00:39:49.120
If you offer your invention for sale

826
00:39:50.160 --> 00:39:52.800
and the invention's ready for patenting,

827
00:39:52.800 --> 00:39:56.080
think of like a drawing on AutoCAD

828
00:39:56.080 --> 00:39:57.920
or like you've done a white paper

829
00:39:57.920 --> 00:39:59.400
or there's a thesis on it.

830
00:39:59.400 --> 00:40:00.600
That's ready for patent.

831
00:40:00.000 --> 00:40:07.280
If those two things are together, and more than one year passes since you offer that

832
00:40:07.280 --> 00:40:12.960
thing for sale, it's considered donated to the public, gone.

833
00:40:12.960 --> 00:40:17.720
So think about, you have your own company, and you have a marketing department, and your

834
00:40:17.720 --> 00:40:23.640
marketing department, one of your guys in marketing decides to go to a trade show.

835
00:40:23.640 --> 00:40:28.600
And at the trade show, they offer your invention for sale.

836
00:40:28.600 --> 00:40:30.640
You don't know about it.

837
00:40:30.640 --> 00:40:32.800
Two years pass.

838
00:40:32.800 --> 00:40:35.840
After the two years, you decide to file a patent application.

839
00:40:35.840 --> 00:40:38.720
Your patent's invalid.

840
00:40:38.720 --> 00:40:43.040
Because two years passed since there was an offer for sale of your technology.

841
00:40:43.040 --> 00:40:46.240
This is a big deal, guys.

842
00:40:46.240 --> 00:40:49.180
Companies get into a lot of trouble over this.

843
00:40:49.180 --> 00:40:51.180
People lose patents over this.

844
00:40:51.180 --> 00:40:54.520
People get fired over this, to be clear.

845
00:40:54.520 --> 00:40:58.920
There's a really famous case where somebody who worked for a pharmaceutical company went

846
00:40:58.920 --> 00:41:03.960
to a trade show, did a presentation, talked about their latest drug.

847
00:41:03.960 --> 00:41:08.120
The drug had not, a patent had not been filed yet.

848
00:41:08.120 --> 00:41:11.520
Three years passes, they get FDA approval.

849
00:41:11.520 --> 00:41:13.760
They start selling the drug.

850
00:41:13.760 --> 00:41:17.320
They file for a patent, they get the patent.

851
00:41:17.320 --> 00:41:20.560
Somebody's infringing on the patent, so they sue them.

852
00:41:20.560 --> 00:41:22.200
The people were very clever.

853
00:41:22.200 --> 00:41:26.820
The people that got sued, what they did was they found out that they were at a trade show.

854
00:41:26.820 --> 00:41:31.840
They had the actual handouts that were given out by the guy who was offering the thing

855
00:41:31.840 --> 00:41:33.720
for sale.

856
00:41:33.720 --> 00:41:34.920
They proved it to the court.

857
00:41:34.920 --> 00:41:38.120
The court invalidated the patent.

858
00:41:38.120 --> 00:41:43.320
That pharmaceutical was worth tens of millions of dollars.

859
00:41:43.320 --> 00:41:48.200
And I don't know if you guys know this, but in pharma, it takes a long time to get FDA

860
00:41:48.200 --> 00:41:49.200
approval.

861
00:41:50.200 --> 00:41:57.360
It could take you 15 years to get FDA approval, literally.

862
00:41:57.360 --> 00:42:02.240
That's why some of these drugs are so ridiculously expensive because they've done all these tests,

863
00:42:02.240 --> 00:42:06.240
all these things are not being allowed, finally to get one drug they hit, and they try to

864
00:42:06.240 --> 00:42:12.200
get all their money back on that one drug that hit because the other fives didn't hit.

865
00:42:12.200 --> 00:42:15.880
So now they got the FDA approval, it took 15 years, they got five years left to try

866
00:42:15.880 --> 00:42:20.280
to sell the thing and they run up the cost on everything to try to make their money back.

867
00:42:20.280 --> 00:42:25.960
So in any case, that individual offered the thing for sale, they found out the patent

868
00:42:25.960 --> 00:42:26.960
was invalid.

869
00:42:26.960 --> 00:42:29.400
Who do you think got fired?

870
00:42:29.400 --> 00:42:33.960
They were fired literally the next day when they found out about this.

871
00:42:33.960 --> 00:42:35.240
So just be careful.

872
00:42:35.240 --> 00:42:40.240
The two other stat story bars are the publication bar, but the publication bar basically says

873
00:42:40.240 --> 00:42:44.060
is don't take your invention and make it readily available to the public.

874
00:42:44.060 --> 00:42:45.560
That's really it.

875
00:42:45.560 --> 00:42:47.320
Don't put it on your website.

876
00:42:47.320 --> 00:42:49.080
Don't put it in your funnel.

877
00:42:49.080 --> 00:42:52.160
Don't give handouts about your technology.

878
00:42:52.160 --> 00:42:59.740
Do me a big favor and don't go into a challenge and start talking about your invention, please.

879
00:42:59.740 --> 00:43:04.700
Even if they're saying, feel free to talk about your invention here and we'll give you

880
00:43:04.700 --> 00:43:07.240
ideas of how to modify it.

881
00:43:07.240 --> 00:43:10.080
That's not a good idea.

882
00:43:10.080 --> 00:43:13.880
It's just not smart.

883
00:43:13.880 --> 00:43:19.900
When I'm in certain forums and I hear people say that, I literally go, oh, bad idea.

884
00:43:19.900 --> 00:43:20.900
I don't like that.

885
00:43:20.900 --> 00:43:26.620
So the whole point being, don't make your invention readily available to the public

886
00:43:26.620 --> 00:43:30.060
unless you file a patent first.

887
00:43:30.060 --> 00:43:31.060
That's the publication bar.

888
00:43:31.060 --> 00:43:33.700
The last one is called the public use bar.

889
00:43:33.700 --> 00:43:35.340
That's a little more confusing.

890
00:43:35.340 --> 00:43:44.680
Basically what it says is if in fact your technology is ready for patenting and you're

891
00:43:44.680 --> 00:43:50.280
giving it to a member of the public who's using it for its intended purpose and a year

892
00:43:50.280 --> 00:43:56.240
passes, that's considered a violation of the statutory bar called public use.

893
00:43:56.240 --> 00:43:59.560
So let me make a practical example.

894
00:43:59.560 --> 00:44:01.720
I create a bicycle in my garage.

895
00:44:01.720 --> 00:44:04.800
I give my bicycle to Josiah.

896
00:44:05.800 --> 00:44:08.820
Here, check out this bike.

897
00:44:08.820 --> 00:44:11.860
Ride it around.

898
00:44:11.860 --> 00:44:17.340
And so I'm going to let you ride it around and everything like that and give me a hundred

899
00:44:17.340 --> 00:44:18.340
bucks, bro.

900
00:44:18.340 --> 00:44:22.900
Now, if I get a hundred bucks back, that's a sale.

901
00:44:22.900 --> 00:44:31.420
But if I don't sell it, instead I just give him the bike and I say, just ride it around.

902
00:44:31.420 --> 00:44:32.420
That's it.

903
00:44:32.420 --> 00:44:33.420
I just give it to him.

904
00:44:33.420 --> 00:44:34.420
And he goes in and rides it around.

905
00:44:35.020 --> 00:44:36.680
A few years later, I decide to file a patent.

906
00:44:36.680 --> 00:44:41.180
That's a violation of public use because there's a member of the public who is using it for

907
00:44:41.180 --> 00:44:43.020
its intended purpose.

908
00:44:43.020 --> 00:44:44.500
The bike is intended to ride.

909
00:44:44.500 --> 00:44:45.640
I gave it to Josiah.

910
00:44:45.640 --> 00:44:47.140
He's riding it in the neighborhood.

911
00:44:47.140 --> 00:44:51.720
I can't wait three years and then file a patent on it because the public's going to see it.

912
00:44:51.720 --> 00:44:54.600
The public may want to start doing it themselves.

913
00:44:54.600 --> 00:44:59.300
It's not fair for me to now show up and say, hey, public, you've been using what I made

914
00:44:59.300 --> 00:45:00.060
readily available.

915
00:45:00.000 --> 00:45:04.800
to the public. Now I'm going to sue you. The government doesn't allow that. So you have one

916
00:45:04.800 --> 00:45:10.320
year from the date that a member of the public is using the invention for its intended purpose,

917
00:45:11.600 --> 00:45:17.360
you get one year to actually file a patent application. Now, there's an exception to this

918
00:45:17.360 --> 00:45:27.600
rule. The exception to this rule is called experimental use. And this is the last complicated

919
00:45:27.600 --> 00:45:33.760
thing I'm going to talk about. But experimental use, the way it works is that if you need to get

920
00:45:33.760 --> 00:45:38.640
some feedback about the technology, you can actually give it to somebody. As long as you're

921
00:45:38.640 --> 00:45:44.160
not getting money back, you can give it to somebody, let them test it, and give you feedback.

922
00:45:44.160 --> 00:45:51.040
So now I go to Josiah and I'm like, bro, can you check out this bike and ride it around and let me

923
00:45:51.040 --> 00:45:56.160
know how it feels? I know you're into motocross and stuff like that. I know you like dirt bike

924
00:45:56.160 --> 00:46:02.880
riding. Can you ride this on your paths and tell me how it deals with roots, how it does with hills,

925
00:46:02.880 --> 00:46:07.680
how it does in sand? Give me some feedback. I need your feedback. And Josiah goes out there

926
00:46:07.680 --> 00:46:13.920
and he's using the bike on the trail. And he comes back, he's like, Pete, yeah, this thing

927
00:46:13.920 --> 00:46:22.160
sucks. This is really bad. I hit the sand and the tire fell off. And then I had to take

928
00:46:22.160 --> 00:46:27.440
the tire and walk with the tire in one hand and a bike in another. And this mountain lion

929
00:46:27.440 --> 00:46:32.560
came over. And I'm like making loud noises. This is all your fault, Pete. That's a major

930
00:46:32.560 --> 00:46:39.440
failure. But as you can tell, I have a vivid imagination. But the whole point being that I was

931
00:46:39.440 --> 00:46:47.200
getting feedback from Josiah. I didn't make money on it. I just got feedback from him.

932
00:46:47.200 --> 00:46:52.400
That's called experimental use. I need to get feedback to find out whether or not I can

933
00:46:52.400 --> 00:46:58.240
sell it. If you think of like an alpha version of software, a beta version of software, you're

934
00:46:58.240 --> 00:47:02.960
trying to get feedback on the software. You're not making money on it. It's called experimental use.

935
00:47:04.320 --> 00:47:12.000
So those are the three statutory bars. Public use, publication, offer for sale. If any of those

936
00:47:12.000 --> 00:47:17.760
three things happen, you have one year. Within one year, you must file a patent application.

937
00:47:17.760 --> 00:47:25.040
If you don't, gone. Josiah, what's up? All right. So I was in the chat there. I don't think you saw

938
00:47:25.040 --> 00:47:29.280
it though. So I was asking specifically about what if I have a beta tester or a group of beta

939
00:47:29.280 --> 00:47:33.200
testers that I'm asking to test out my product. And you just said that there's actually an

940
00:47:33.200 --> 00:47:41.200
exception for that experimental. Experimental use. Okay. Perfect. Yeah. It's a lifesaver.

941
00:47:42.080 --> 00:47:48.480
I mean, honestly, because think about it this way. When you create a new product,

942
00:47:48.480 --> 00:47:53.200
you want to test the market. You would love to see how do people respond to this thing. Now,

943
00:47:53.760 --> 00:47:57.680
what you can't do is offer it for sale. What you can't do is make it readily available to the

944
00:47:57.680 --> 00:48:03.040
public, but you can give it to a small group of people, get feedback for modification of it,

945
00:48:03.600 --> 00:48:12.000
for continuous development of it. But it just as a warning, this is an exception to

946
00:48:13.200 --> 00:48:19.440
violating the patent laws, right? This is a violation of a statutory bar. This is basically

947
00:48:19.440 --> 00:48:23.360
like somebody throws you a lifesaver. You're in the middle of the ocean and you're hoping that

948
00:48:23.360 --> 00:48:28.720
it's going to work. So just make sure you do this right. Make sure you have an agreement with

949
00:48:28.720 --> 00:48:36.720
these people that says, we are the beta testers for the software. We're going to give you feedback

950
00:48:36.720 --> 00:48:43.280
within the next three months for further development. We're not paying you for the

951
00:48:43.280 --> 00:48:50.320
software. Now you may pay them. By all means, you could pay them to get some feedback, right?

952
00:48:50.320 --> 00:48:57.520
Because look, this is just going to take time. And so I've got myself a little group here,

953
00:48:57.520 --> 00:49:03.760
and I'm going to give everybody a thousand bucks over the next month to do testing and give me

954
00:49:03.760 --> 00:49:09.840
feedback. That's fine. That's just beta testing. Absolutely fine. I was one of the beta testers for

955
00:49:11.280 --> 00:49:17.280
Dragon NaturallySpeaking way back in the day when it first came out. I received a beta version of

956
00:49:17.280 --> 00:49:21.680
it. And they asked me, what do you think about this Mr. Nieves? Like, do you like the software?

957
00:49:21.680 --> 00:49:27.200
Do you not? I was an attorney at a law firm called Thomas Caden, Horst & Meyer & Risley.

958
00:49:27.840 --> 00:49:34.160
And the people there, I'll talk to you about the NDA in a second, guys. I saw somebody write

959
00:49:34.160 --> 00:49:39.520
something about NDAs. I'll talk to you about that in a second. So I actually worked on the software,

960
00:49:39.520 --> 00:49:44.160
gave them feedback. And then when it was done, they said, you know what? You can keep it,

961
00:49:45.040 --> 00:49:50.960
right? But they had already filed a patent at that point. After they did all the experimental

962
00:49:50.960 --> 00:49:56.240
use, they filed a patent. And then they said, you know what? We appreciate your feedback so much.

963
00:49:56.240 --> 00:49:59.840
We're going to let you keep it. And when we do an upgraded version, we'll send you a free.

964
00:50:00.000 --> 00:50:03.000
upgraded version. So very valuable.

965
00:50:03.440 --> 00:50:07.520
Perfect. This is extremely relevant because actually today I put out a

966
00:50:07.520 --> 00:50:11.360
request to my community for better beta testers on something that I'm putting

967
00:50:11.360 --> 00:50:14.040
together and you're like hitting it right at the perfect time.

968
00:50:14.520 --> 00:50:18.200
Now I know I cannot charge them to participate in the test.

969
00:50:18.560 --> 00:50:22.480
I can pay them if I choose to. Right. And if I were to charge them, it's,

970
00:50:22.520 --> 00:50:25.480
it's not that it's game over. It's that now the clock's ticking one year,

971
00:50:25.480 --> 00:50:26.080
correct?

972
00:50:26.080 --> 00:50:29.920
One year. Yeah. And so that, and again, this is not legal advice.

973
00:50:29.960 --> 00:50:32.360
I didn't even preface for that. I should've started with that. Um,

974
00:50:34.000 --> 00:50:36.760
not legal advice, but, um,

975
00:50:36.800 --> 00:50:42.000
in the experimental use area, that's the way people play this game. Um,

976
00:50:42.040 --> 00:50:43.560
and let me just say something, Josiah,

977
00:50:43.600 --> 00:50:47.320
what you just experienced where you're literally going through something

978
00:50:47.320 --> 00:50:50.680
immediately right now. And I'm talking about that issue right now.

979
00:50:51.040 --> 00:50:55.280
That's what we experienced in a protection portal. Nonstop, literally every month.

980
00:50:55.280 --> 00:50:57.400
This is what happens. Ray's nodding her head.

981
00:50:57.640 --> 00:50:59.960
I'm sure Larissa knows this as well. It's like,

982
00:51:00.520 --> 00:51:02.680
I don't understand how this happens.

983
00:51:04.960 --> 00:51:08.840
The portal, the challenges, even the VIPs, it happens.

984
00:51:08.840 --> 00:51:12.520
It also happens in the audits. It's, it's across everything.

985
00:51:12.520 --> 00:51:13.920
It's like, I don't,

986
00:51:13.960 --> 00:51:18.360
it's gotta be orchestrated by God because I do not get it. It's like,

987
00:51:18.360 --> 00:51:21.880
all of a sudden somebody says, I'm going through that literally right now.

988
00:51:22.160 --> 00:51:24.360
I was like, okay, good. Then let's talk about it in more detail.

989
00:51:24.720 --> 00:51:27.760
And if we're doing it during an audit, you can literally like,

990
00:51:27.800 --> 00:51:31.520
give me your agreement. Like you can literally say, Hey Pete,

991
00:51:32.120 --> 00:51:35.760
and this time I want you to review my agreement. I sure we share it on the

992
00:51:35.760 --> 00:51:40.240
screen. I analyze it. I add indemnification agreements, add new terms,

993
00:51:40.240 --> 00:51:44.000
modify it. Cause it's your time. I don't care what we do during that time.

994
00:51:44.080 --> 00:51:47.560
My job is to help you the best way possible during that time.

995
00:51:47.800 --> 00:51:49.840
So I don't care what we do. Um,

996
00:51:49.840 --> 00:51:52.640
and so that's how a lot of people take advantage of that. All right.

997
00:51:52.640 --> 00:51:57.600
So provisional patents, they cost way less,

998
00:51:58.240 --> 00:52:02.520
way less than utility patents. Okay. Um,

999
00:52:02.560 --> 00:52:06.680
let me talk about NDAs real quick. Cause I'm sure people are thinking, well,

1000
00:52:07.120 --> 00:52:09.840
can't I just have somebody sign an NDA and,

1001
00:52:10.280 --> 00:52:14.440
and then not violate the statutory bars? Nope. Nope.

1002
00:52:14.480 --> 00:52:17.240
The government thought about that. That is not the case.

1003
00:52:17.560 --> 00:52:22.400
Just because somebody signs an NDA does not mean that when you disclose things

1004
00:52:22.400 --> 00:52:24.640
to them, it's not a disclosure. Um,

1005
00:52:24.680 --> 00:52:29.600
it doesn't mean that when you give something to them and they're using it in

1006
00:52:29.600 --> 00:52:32.600
the public, it's not a violation of the public use bar.

1007
00:52:33.160 --> 00:52:37.920
An NDA has absolutely no bearing on the statutory bars in the

1008
00:52:37.920 --> 00:52:42.920
United States, in the United States.

1009
00:52:43.720 --> 00:52:45.960
Okay. This is really important to understand.

1010
00:52:46.560 --> 00:52:50.760
The United States does not honor NDAs when it comes to statutory bars,

1011
00:52:51.760 --> 00:52:55.840
but there are certain foreign countries that do.

1012
00:52:57.160 --> 00:52:58.560
You want to learn more about that?

1013
00:52:58.600 --> 00:53:00.240
You're going to have to join us in another four years.

1014
00:53:00.240 --> 00:53:04.640
Otherwise I'll overwhelm you guys, uh, with too many like this country does.

1015
00:53:04.640 --> 00:53:06.440
This one doesn't, we can talk about that separate.

1016
00:53:06.440 --> 00:53:08.920
You can tell me about your scenarios and we can,

1017
00:53:08.960 --> 00:53:11.840
we can talk about that separate. So, um,

1018
00:53:12.400 --> 00:53:15.920
let me talk about NDA for a second here is because I know a lot of you are

1019
00:53:15.920 --> 00:53:20.000
dealing with businesses and this is something we cover in a lot of detail in the

1020
00:53:20.080 --> 00:53:23.920
protection portal, especially NDAs are wonderful,

1021
00:53:24.160 --> 00:53:28.640
but if you're doing an NDA, I would think about actually adding,

1022
00:53:28.800 --> 00:53:33.560
adding an NCA, which is non-compete. Okay.

1023
00:53:34.200 --> 00:53:35.960
So there are non-disclosure agreements,

1024
00:53:35.960 --> 00:53:38.760
which means that the other party is not going to disclose anything,

1025
00:53:39.200 --> 00:53:40.600
but then there are non-competes,

1026
00:53:40.600 --> 00:53:44.000
which means the other party is not going to do something that competes with you.

1027
00:53:45.680 --> 00:53:49.000
This is why when you create an NDA or when you purchase an NDA,

1028
00:53:49.000 --> 00:53:52.120
you should see if you can get an NDA combined with an NCA,

1029
00:53:53.680 --> 00:53:57.200
very powerful, very powerful combination.

1030
00:53:57.720 --> 00:54:00.640
I actually, for a number of my clients, I actually will give them,

1031
00:54:01.040 --> 00:54:05.640
all my NDAs have NCAs in them. And then what I do is I say, well,

1032
00:54:05.640 --> 00:54:09.520
if the NCA is not appropriate, just remove the NCA, right?

1033
00:54:09.520 --> 00:54:14.440
And what the NCA basically says is any of the information that you receive

1034
00:54:14.440 --> 00:54:18.720
from me, if you're not aware of it beforehand, you will not compete with me.

1035
00:54:20.000 --> 00:54:24.640
All right. That's powerful. I mean, that's a powerful one, two punch.

1036
00:54:24.640 --> 00:54:28.000
You say, look, you're not, not only, you're not going to disclose,

1037
00:54:28.000 --> 00:54:30.440
like I'm going to disclose this to you here,

1038
00:54:30.840 --> 00:54:33.120
but you're not only you're not going to disclose it.

1039
00:54:33.520 --> 00:54:36.320
You're not going to compete with me on this subject matter.

1040
00:54:37.800 --> 00:54:41.760
That that's a powerful, powerful way to negotiate.

1041
00:54:41.760 --> 00:54:44.440
If you can do it very, very strong.

1042
00:54:44.800 --> 00:54:47.960
So if you're looking for NDAs, when you talk to your attorneys,

1043
00:54:48.240 --> 00:54:52.680
I would ask them for an NCA in your NDA and that would be a,

1044
00:54:52.680 --> 00:54:57.240
okay, just an FYI from your guy.

1045
00:54:58.320 --> 00:54:59.840
I need to stop. I need to stop.

1046
00:55:00.000 --> 00:55:00.840
I need to stop.

1047
00:55:00.840 --> 00:55:02.560
I know, I'm going too far, I'm going too far.

1048
00:55:02.560 --> 00:55:03.400
I know, I know.

1049
00:55:03.400 --> 00:55:07.160
Oh, thank you for the heart, thank you for the heart.

1050
00:55:07.160 --> 00:55:09.080
That's awesome, thank you.

1051
00:55:09.080 --> 00:55:10.880
You're awesome, love you.

1052
00:55:10.880 --> 00:55:12.280
All right, so good.

1053
00:55:12.280 --> 00:55:14.040
Okay, let me teach you one more thing

1054
00:55:14.040 --> 00:55:15.240
and I think we'll close on this.

1055
00:55:15.240 --> 00:55:19.240
Again, Monday, I'm going to be training you

1056
00:55:19.240 --> 00:55:21.760
on how to do logo searches.

1057
00:55:21.760 --> 00:55:23.900
If you can be there, I would be there if I were you

1058
00:55:23.900 --> 00:55:28.160
because number one, it's free, right?

1059
00:55:28.160 --> 00:55:31.920
Number two, it's not an obvious thing to do.

1060
00:55:31.920 --> 00:55:33.520
It's kind of tricky

1061
00:55:33.520 --> 00:55:36.040
and you can make some pretty bad mistakes

1062
00:55:36.040 --> 00:55:37.640
which will be painful.

1063
00:55:37.640 --> 00:55:40.160
So let me just,

1064
00:55:40.160 --> 00:55:42.000
I think I'm going to mention one other thing to you.

1065
00:55:42.000 --> 00:55:43.440
When do you file a patent?

1066
00:55:44.640 --> 00:55:48.080
Now, if your invention is going to become obsolete

1067
00:55:48.080 --> 00:55:51.120
within five years, don't file a patent.

1068
00:55:51.120 --> 00:55:52.900
You're going to waste your time and money.

1069
00:55:52.900 --> 00:55:55.120
It's just, it's going to take you three years

1070
00:55:55.120 --> 00:55:57.560
to get out of the patent office.

1071
00:55:58.360 --> 00:55:59.920
Like in different art units,

1072
00:55:59.920 --> 00:56:02.960
depending upon the technology,

1073
00:56:02.960 --> 00:56:05.640
like microchip fabrication can take you

1074
00:56:05.640 --> 00:56:10.640
like PN junctions, quantum cryptography, AI,

1075
00:56:12.400 --> 00:56:14.380
oh my gosh, like neural networks.

1076
00:56:14.380 --> 00:56:15.440
It's going to take you three years

1077
00:56:15.440 --> 00:56:17.640
to get out of patent office.

1078
00:56:17.640 --> 00:56:19.080
Cause there's such a backup,

1079
00:56:19.080 --> 00:56:23.240
such a log of cases that are before you.

1080
00:56:23.240 --> 00:56:24.360
So if it's going to take you that long

1081
00:56:24.360 --> 00:56:25.240
to get out of patent office

1082
00:56:25.240 --> 00:56:27.340
and your technology becomes obsolete in four years,

1083
00:56:28.120 --> 00:56:30.660
you might get six months to a year

1084
00:56:30.660 --> 00:56:32.080
in the life of the patent.

1085
00:56:33.780 --> 00:56:37.940
In my opinion, and this is not legal advice,

1086
00:56:37.940 --> 00:56:39.500
but in my opinion,

1087
00:56:41.880 --> 00:56:43.540
I think the one who makes the most

1088
00:56:43.540 --> 00:56:45.140
out of that deal is your lawyer.

1089
00:56:46.820 --> 00:56:50.780
And I think we as lawyers have an obligation to tell you,

1090
00:56:50.780 --> 00:56:52.820
I don't think it's worth it.

1091
00:56:52.820 --> 00:56:54.980
This is part of why when you work with a lawyer,

1092
00:56:54.980 --> 00:56:57.040
like those of you that are going to do the IP audit with me,

1093
00:56:57.780 --> 00:57:00.400
you'll see, I always start out by asking you,

1094
00:57:00.400 --> 00:57:02.240
what do you want to be in three years?

1095
00:57:02.240 --> 00:57:04.100
What do you want to be in five years?

1096
00:57:04.100 --> 00:57:05.800
What is your heart?

1097
00:57:05.800 --> 00:57:08.400
Like, are you building something

1098
00:57:08.400 --> 00:57:10.880
that you're going to hand off to your children?

1099
00:57:10.880 --> 00:57:12.000
Or are you building something up

1100
00:57:12.000 --> 00:57:13.960
so an angel investor can come in,

1101
00:57:13.960 --> 00:57:15.160
back you up financially,

1102
00:57:15.160 --> 00:57:17.880
and then you sell the company within three to five years?

1103
00:57:17.880 --> 00:57:20.360
Like, what, are you a serial entrepreneur?

1104
00:57:20.360 --> 00:57:22.460
Are you building a company long-term?

1105
00:57:22.460 --> 00:57:24.760
Like, what exactly are you doing here?

1106
00:57:25.160 --> 00:57:27.280
We dig into that first.

1107
00:57:27.280 --> 00:57:30.920
The reason why is because that will change

1108
00:57:30.920 --> 00:57:32.780
the way you position your company.

1109
00:57:33.680 --> 00:57:37.880
If your intent is just to grab IP and sell it,

1110
00:57:37.880 --> 00:57:39.160
that's one thing to understand.

1111
00:57:39.160 --> 00:57:41.640
If your intent is to get investors,

1112
00:57:41.640 --> 00:57:43.560
IP is extremely important,

1113
00:57:43.560 --> 00:57:45.400
because they want to know that you own your stuff.

1114
00:57:45.400 --> 00:57:47.260
If you don't own your stuff,

1115
00:57:47.260 --> 00:57:49.640
many of them won't even talk to you.

1116
00:57:49.640 --> 00:57:52.220
They'll just say, look, you're competing in the industry.

1117
00:57:52.220 --> 00:57:54.740
If you have software, India is going to compete with you,

1118
00:57:55.720 --> 00:57:57.420
and outbid you easily.

1119
00:57:57.420 --> 00:58:02.180
If you have textiles, India's big on there as well.

1120
00:58:02.180 --> 00:58:03.140
Thailand's big.

1121
00:58:03.140 --> 00:58:06.460
There's a lot of, even Malaysia is pretty decent.

1122
00:58:06.460 --> 00:58:08.660
Like, there's different regions,

1123
00:58:08.660 --> 00:58:10.980
like microchip fabrication,

1124
00:58:10.980 --> 00:58:12.940
China's going to compete with you.

1125
00:58:12.940 --> 00:58:15.540
Taiwan's going to compete with you, right?

1126
00:58:15.540 --> 00:58:18.180
And so if you don't have any IP rights

1127
00:58:18.180 --> 00:58:20.060
associated with your technology,

1128
00:58:20.060 --> 00:58:22.620
somebody else is going to be able to come along

1129
00:58:22.620 --> 00:58:26.060
and sell it cheaper, do it faster,

1130
00:58:26.060 --> 00:58:29.300
and outsell you, which is pretty incredibly painful

1131
00:58:29.300 --> 00:58:32.340
when you spent a lot of time and money on your technology.

1132
00:58:32.340 --> 00:58:33.340
All right.

1133
00:58:33.340 --> 00:58:35.880
All right, let me show you one more thing,

1134
00:58:37.020 --> 00:58:38.520
and then we're going to close.

1135
00:58:40.180 --> 00:58:41.980
I'm going to just, I think I'm just going to tell you

1136
00:58:41.980 --> 00:58:45.220
this thing about the life cycle of a patent.

1137
00:58:45.220 --> 00:58:46.060
Okay.

1138
00:58:46.940 --> 00:58:48.940
If you go to a patent attorney and you say to them,

1139
00:58:48.940 --> 00:58:51.500
hey, can you draft a patent for me?

1140
00:58:51.500 --> 00:58:55.140
Please understand that is one component.

1141
00:58:55.140 --> 00:58:58.260
The drafting of a patent is one component

1142
00:58:58.260 --> 00:59:00.660
of the entire patent cycle.

1143
00:59:00.660 --> 00:59:02.340
One component.

1144
00:59:02.340 --> 00:59:07.340
After you spend that money on developing of the patent,

1145
00:59:07.340 --> 00:59:09.660
which can cost you nine to 12 grand,

1146
00:59:09.660 --> 00:59:11.580
typically in that order,

1147
00:59:11.580 --> 00:59:13.940
depending on the complexity of the technology.

1148
00:59:15.620 --> 00:59:20.060
After you do that and you file it, there's a filing fee.

1149
00:59:20.060 --> 00:59:22.180
There's an examination fee.

1150
00:59:22.180 --> 00:59:23.740
The United States Patent and Trademark Office

1151
00:59:23.740 --> 00:59:25.980
charges you these things, okay?

1152
00:59:25.980 --> 00:59:29.180
Now, how many people here are solo inventors?

1153
00:59:29.180 --> 00:59:32.020
Meaning, it's just you and you work for yourself.

1154
00:59:32.020 --> 00:59:32.860
That's it.

1155
00:59:32.860 --> 00:59:34.940
Your own technology, nobody else.

1156
00:59:34.940 --> 00:59:35.780
Okay.

1157
00:59:35.780 --> 00:59:37.100
All right, we got Barry, we got a few others.

1158
00:59:37.100 --> 00:59:38.020
All right, cool.

1159
00:59:38.020 --> 00:59:39.780
So here's the thing.

1160
00:59:39.780 --> 00:59:42.980
There is a thing with the United States Patent Office

1161
00:59:42.980 --> 00:59:47.980
where you can apply as a micro entity, all right?

1162
00:59:48.260 --> 00:59:50.700
When you apply as a micro entity,

1163
00:59:50.700 --> 00:59:55.540
your fees are cut down exponentially with the patent office.

1164
00:59:55.540 --> 00:59:59.220
So remember that word, micro entity.

1165
01:00:00.000 --> 01:00:03.540
So if it would typically cost you $1,000 to file a patent,

1166
01:00:03.540 --> 01:00:05.380
you're gonna spend less than $500.

1167
01:00:06.940 --> 01:00:07.800
I mean, think about it.

1168
01:00:07.800 --> 01:00:09.580
So just remember that.

1169
01:00:09.580 --> 01:00:13.120
If you're a solo proprietorship or solo individual,

1170
01:00:13.120 --> 01:00:17.500
you might wanna look at filing as a micro entity, okay?

1171
01:00:17.500 --> 01:00:20.320
Otherwise you can file as a small entity.

1172
01:00:20.320 --> 01:00:22.380
If you have 500 more employees,

1173
01:00:22.380 --> 01:00:23.920
you have to file as a large entity.

1174
01:00:23.920 --> 01:00:26.220
And that's when it gets very, very expensive.

1175
01:00:26.220 --> 01:00:27.540
Like some of my clients,

1176
01:00:27.540 --> 01:00:31.980
MIT is an education institution, so they spend less.

1177
01:00:31.980 --> 01:00:35.940
But Massimo, thousands and thousands

1178
01:00:35.940 --> 01:00:37.720
and thousands of employees,

1179
01:00:37.720 --> 01:00:39.180
they spend thousands of dollars

1180
01:00:39.180 --> 01:00:40.940
just to file a single document

1181
01:00:40.940 --> 01:00:44.060
because they're a large entity, all right?

1182
01:00:44.060 --> 01:00:45.900
So just remember, micro entity.

1183
01:00:45.900 --> 01:00:47.920
Anything you file with the patent office,

1184
01:00:47.920 --> 01:00:50.220
always file as a micro entity if you can.

1185
01:00:50.220 --> 01:00:52.500
If you qualify, file as a micro entity

1186
01:00:52.500 --> 01:00:54.180
so you can save a lot of money.

1187
01:00:54.180 --> 01:00:57.060
All right, and then finally,

1188
01:00:57.940 --> 01:01:00.480
Jill, is this the third time I said finally?

1189
01:01:00.480 --> 01:01:02.580
This is like a sermon.

1190
01:01:02.580 --> 01:01:05.300
This is kind of like the pastor in front of people.

1191
01:01:05.300 --> 01:01:08.160
And here's the last point I'm gonna talk about, hi.

1192
01:01:08.160 --> 01:01:10.340
And then here's another.

1193
01:01:10.340 --> 01:01:12.020
I'm gonna say it again, hi.

1194
01:01:12.020 --> 01:01:13.860
And then just keep going.

1195
01:01:13.860 --> 01:01:14.900
We just don't end.

1196
01:01:14.900 --> 01:01:17.140
All right, here's the last part I'm gonna give you.

1197
01:01:17.140 --> 01:01:18.620
I just wanna share this with you

1198
01:01:18.620 --> 01:01:21.700
because you guys are really absorbing a lot

1199
01:01:21.700 --> 01:01:23.580
and I'm getting a lot of good feedback from you guys.

1200
01:01:23.580 --> 01:01:26.380
So I just wanna share this last thing with you.

1201
01:01:26.380 --> 01:01:30.500
If your technology can be reverse engineered,

1202
01:01:30.500 --> 01:01:31.340
file a patent.

1203
01:01:31.340 --> 01:01:33.740
Meaning, if I sell this thing to the market

1204
01:01:33.740 --> 01:01:35.580
and somebody can break it open

1205
01:01:35.580 --> 01:01:39.020
and understand how it works, file a patent, okay?

1206
01:01:39.020 --> 01:01:40.740
If I sell something to the market

1207
01:01:40.740 --> 01:01:44.380
and nobody can figure out how it works,

1208
01:01:44.380 --> 01:01:46.840
think about not filing a patent.

1209
01:01:47.900 --> 01:01:49.100
What do I mean by that?

1210
01:01:51.020 --> 01:01:53.980
It may be that if your technology

1211
01:01:53.980 --> 01:01:55.920
cannot be reverse engineered,

1212
01:01:56.820 --> 01:01:59.940
that you can maintain it as a trade secret.

1213
01:01:59.940 --> 01:02:02.240
A trade secret can last forever.

1214
01:02:03.200 --> 01:02:05.820
A patent lasts for 20 years from filing

1215
01:02:06.980 --> 01:02:10.580
and only 20 years from filing, okay?

1216
01:02:11.440 --> 01:02:12.460
So if you file it,

1217
01:02:12.460 --> 01:02:14.340
it takes three years to get out of patent office.

1218
01:02:14.340 --> 01:02:16.180
You get 17 years on the patent.

1219
01:02:18.580 --> 01:02:20.380
And there's other stuff that's involved

1220
01:02:20.380 --> 01:02:22.220
that we talk about in the portal,

1221
01:02:22.220 --> 01:02:25.140
but I'm just keeping it top level for you guys.

1222
01:02:25.140 --> 01:02:28.600
So you got 20 years from filing, all right?

1223
01:02:28.600 --> 01:02:33.600
Now, if it is not possible to reverse engineer,

1224
01:02:34.180 --> 01:02:36.640
you may wanna keep it to yourself

1225
01:02:36.640 --> 01:02:39.300
and then you can use it in the market forever,

1226
01:02:39.300 --> 01:02:41.120
like a Coca-Cola formula.

1227
01:02:41.120 --> 01:02:43.220
If they filed a patent on the Coca-Cola formula,

1228
01:02:43.220 --> 01:02:45.220
it would have expired in how many years?

1229
01:02:46.900 --> 01:02:48.540
20 years, exactly.

1230
01:02:50.180 --> 01:02:51.020
You see that?

1231
01:02:51.020 --> 01:02:53.060
Do you have to refile the patent after 20 years?

1232
01:02:53.060 --> 01:02:54.340
Great question.

1233
01:02:54.340 --> 01:02:56.660
There is no refiling of patents.

1234
01:02:57.540 --> 01:02:59.700
When patents expire, they're dead.

1235
01:03:01.580 --> 01:03:03.420
Dead, it's over.

1236
01:03:03.420 --> 01:03:08.420
There's nothing left, over, all gone, okay?

1237
01:03:08.740 --> 01:03:11.060
Now, patents do have things called maintenance fees.

1238
01:03:11.060 --> 01:03:14.120
We talk about this stuff again in the portal.

1239
01:03:14.120 --> 01:03:17.100
I explain costs of those things.

1240
01:03:17.100 --> 01:03:19.220
How do you speculate your overall costs

1241
01:03:19.220 --> 01:03:21.420
beginning to end for your budgets?

1242
01:03:21.420 --> 01:03:22.880
We talk about all that stuff.

1243
01:03:22.880 --> 01:03:25.740
But just understand, when you file, there's one cost.

1244
01:03:25.740 --> 01:03:28.100
During examination, there's another cost

1245
01:03:28.100 --> 01:03:29.860
because you're fighting with the patent office.

1246
01:03:29.860 --> 01:03:33.020
When you patent issues, you're gonna pay an issue fee.

1247
01:03:33.020 --> 01:03:35.780
There's another cost associated with that, okay?

1248
01:03:35.780 --> 01:03:40.700
So there are multiple parts of paying for a patent.

1249
01:03:40.700 --> 01:03:44.700
And with that, that's it, my friends.

1250
01:03:44.700 --> 01:03:45.660
That is it.

1251
01:03:45.660 --> 01:03:48.940
We have completed our five days.

1252
01:03:50.020 --> 01:03:51.860
I've enjoyed spending time with you.

1253
01:03:51.860 --> 01:03:53.900
I hope you've enjoyed this as well.

1254
01:03:55.220 --> 01:03:59.180
You are all idea protectors, as far as I'm concerned.

1255
01:03:59.180 --> 01:04:00.020
Am I going to pray?

1256
01:04:00.020 --> 01:04:02.100
Yes, I am definitely going to pray.

1257
01:04:02.100 --> 01:04:04.060
I just wanna make sure that I, you know,

1258
01:04:04.060 --> 01:04:06.040
just thank you all for being here.

1259
01:04:07.020 --> 01:04:10.240
It has been my pleasure to do this.

1260
01:04:10.240 --> 01:04:11.500
I've had a lot of interaction

1261
01:04:11.500 --> 01:04:13.380
with a lot of you individually.

1262
01:04:13.380 --> 01:04:15.300
I hope that a lot of you join us

1263
01:04:15.300 --> 01:04:19.140
in the Protection Portal and do the audit.

1264
01:04:19.140 --> 01:04:20.780
And if you can't do the audit

1265
01:04:20.780 --> 01:04:22.060
and you're interested in the portal,

1266
01:04:22.060 --> 01:04:24.100
we'll talk about that Monday, all right?

1267
01:04:24.100 --> 01:04:27.260
That's something else that we'll talk about on Monday, okay?

1268
01:04:27.260 --> 01:04:31.380
But there's a lot of development that people do there

1269
01:04:31.380 --> 01:04:33.180
and they grow so fast.

1270
01:04:33.180 --> 01:04:35.860
And I mean, there are countless testimonies.

1271
01:04:35.860 --> 01:04:37.620
So it's just an honor doing this.

1272
01:04:37.620 --> 01:04:41.520
Larissa, you were raising your electronic hand.

1273
01:04:42.360 --> 01:04:45.680
I don't know if you can see a couple of questions.

1274
01:04:45.680 --> 01:04:46.880
I'm not doing any more questions.

1275
01:04:46.880 --> 01:04:47.720
Okay, no more?

1276
01:04:47.720 --> 01:04:48.560
There's just a clarifying, okay.

1277
01:04:48.560 --> 01:04:49.380
We've gone about it.

1278
01:04:49.380 --> 01:04:51.680
We've done over a hundred questions at this point.

1279
01:04:51.680 --> 01:04:52.520
Okay.

1280
01:04:52.520 --> 01:04:53.600
So any other questions,

1281
01:04:53.600 --> 01:04:55.480
we'll cover in the Protection Portal,

1282
01:04:55.480 --> 01:04:57.240
if anybody has other questions, so.

1283
01:04:58.280 --> 01:05:00.120
All right, so with that, I'm-

1284
01:05:00.000 --> 01:05:04.480
I'm going to close. And just let me pray over people because

1285
01:05:06.680 --> 01:05:09.800
just because it's what I do. I'm actually an ordained minister. I

1286
01:05:09.800 --> 01:05:12.640
don't go around telling people that because when people hear a

1287
01:05:12.640 --> 01:05:16.440
lawyer and minister, they're like, huh? How exactly does that

1288
01:05:16.440 --> 01:05:20.040
work? Isn't that working on both sides of the coin? It's like,

1289
01:05:20.040 --> 01:05:23.080
no, it's not true. You can actually be a lawyer, a lawyer

1290
01:05:23.080 --> 01:05:26.320
and actually love the Lord. So it's all good. Alright, so let

1291
01:05:26.320 --> 01:05:36.240
me just. Oh, all right. Yeah, Father, I just want to take this

1292
01:05:36.240 --> 01:05:38.640
moment and just acknowledge what you've done in every single

1293
01:05:38.640 --> 01:05:42.600
person's life, every person that's here. Well, I just want

1294
01:05:42.600 --> 01:05:46.240
to honor that the ideas that you have released from the third

1295
01:05:46.240 --> 01:05:49.120
heaven that have been received by your ambassadors here in the

1296
01:05:49.120 --> 01:05:54.640
first heaven, for release with glory with fire, with majesty,

1297
01:05:54.640 --> 01:05:58.360
Father, in a way that will bring you glory. So Father, so

1298
01:05:58.360 --> 01:06:01.240
that your will will manifest and will be on earth as it is in

1299
01:06:01.240 --> 01:06:05.000
heaven. Lord, I just lift up everyone's businesses here.

1300
01:06:06.800 --> 01:06:10.760
Father, I ask that you can just inspect them. If there are

1301
01:06:10.760 --> 01:06:14.160
relationships that do not belong, Father, let them break

1302
01:06:14.160 --> 01:06:17.840
in Jesus name. If there are people that are trying to take

1303
01:06:17.840 --> 01:06:21.360
advantage of them, that are trying to position them in a way

1304
01:06:21.360 --> 01:06:24.400
that would harm them, Lord. Father, I asked that the fire

1305
01:06:24.400 --> 01:06:27.280
God would come up against that and that will be pushed back,

1306
01:06:28.040 --> 01:06:33.280
back to once it came Lord. Father, I asked for just a

1307
01:06:33.280 --> 01:06:38.480
release of angelic intervention in these businesses, Lord, for

1308
01:06:38.480 --> 01:06:43.440
supernatural ideas to manifest for any walls or any barriers

1309
01:06:43.440 --> 01:06:48.520
that are getting in the way of manifestation of what you're

1310
01:06:48.520 --> 01:06:52.200
trying to do in their businesses, and in their lives

1311
01:06:52.240 --> 01:06:56.240
for those things to be moved to the wayside now, that the fire

1312
01:06:56.240 --> 01:07:03.920
of God would fall upon their homes, upon their relationships,

1313
01:07:05.680 --> 01:07:10.680
and the ideas Lord. Father, we ask for supernatural protection

1314
01:07:10.680 --> 01:07:16.120
over these ideas. Lord, I just speak into life, new

1315
01:07:16.120 --> 01:07:19.840
relationships, divine relationships, the right people

1316
01:07:19.840 --> 01:07:24.120
that are supposed to align so that the businesses will excel

1317
01:07:24.120 --> 01:07:29.280
with grace and ease, no more struggle, no more fighting. Just

1318
01:07:29.280 --> 01:07:33.640
move with grace and ease, Lord. I thank you for wisdom and

1319
01:07:33.640 --> 01:07:42.560
discernment to see where things are off. And the boldness and

1320
01:07:42.560 --> 01:07:47.920
obedience to make that change, Lord. Even in areas where it's

1321
01:07:47.920 --> 01:07:51.680
not accepted, what they're going to do, Lord, I thank you for

1322
01:07:51.680 --> 01:07:55.560
grace and ease, to be able to step forward in what you're

1323
01:07:55.560 --> 01:08:01.480
calling them to do. Father, I call their minds captive to

1324
01:08:01.480 --> 01:08:09.240
Christ. Procrastination, go in, ooh, man, that was sharp.

1325
01:08:10.040 --> 01:08:20.479
Procrastination, go now in Jesus name. Now's the time. Father, I

1326
01:08:20.479 --> 01:08:26.160
thank you for your presence, your peace in Jesus name. And

1327
01:08:26.160 --> 01:08:30.880
just one more thing, neck pains go. All neck pains go now by the

1328
01:08:30.880 --> 01:08:33.680
power and authority of the name of Jesus Christ. If you have

1329
01:08:33.680 --> 01:08:37.600
neck pain, just turn your head to the left and right. It's all

1330
01:08:37.640 --> 01:08:44.359
neck pain, go. Memory of neck pain, go. Muscles, tendons,

1331
01:08:44.359 --> 01:08:49.960
ligaments be healed in Jesus name. Thank you for divine

1332
01:08:49.960 --> 01:08:53.200
wisdom and discernment, Lord. And grace and ease and

1333
01:08:53.200 --> 01:08:57.160
manifestation. Amen.

1334
01:08:58.520 --> 01:09:05.920
Amen. Okay. Wow, it got quiet. Got really quiet. It's like

1335
01:09:05.920 --> 01:09:11.359
peaceful now. How's your neck, Rhea? Good, huh? That's awesome.

1336
01:09:12.319 --> 01:09:17.120
Awesome. Well, bless all of you guys. I will see you in VIP if

1337
01:09:17.120 --> 01:09:25.000
you're in VIP. Let's jump in at 8.30. Is that too long? That's

1338
01:09:25.000 --> 01:09:28.840
like 14 minutes that I would do 8.30. If you're there earlier,

1339
01:09:28.840 --> 01:09:34.960
I'll be there earlier. But we're starting at 8.30. Okay. And I

1340
01:09:34.960 --> 01:09:37.479
don't want to say goodbye. I feel so bad though. All right.

1341
01:09:37.479 --> 01:09:40.040
Bless all you guys. I gotta go. I'm leaving you with Larissa.

1342
01:09:40.319 --> 01:09:44.279
Not goodbye. They show up on Monday for how to search for a

1343
01:09:44.279 --> 01:09:47.920
logo. That's true. That's true. So yeah, I'll see you guys.

1344
01:09:49.200 --> 01:09:52.520
Yep, yep, yep. Thank you, Peter, everybody. It's been day five.

1345
01:09:52.520 --> 01:09:55.120
So before you leave, even if you're VIP, would you take a

1346
01:09:55.120 --> 01:09:59.440
moment on a scale of one to 1010 being like the most awesomest

1347
01:09:59.480 --> 01:10:00.080
tell us

1348
01:10:00.000 --> 01:10:02.400
How has this week been for you?

1349
01:10:02.400 --> 01:10:04.720
How wonderful has it been to be here

1350
01:10:04.720 --> 01:10:06.680
in the Protect Your Idea Challenge?