WEBVTT 1 00:00:00.000 --> 00:00:12.000 Welcome to day three VIP. 2 00:00:12.000 --> 00:00:24.000 You guys are awesome I know it's a little late this time. I'll probably keep you to like 939 40 around then unless you guys have questions I'll stay a little longer but tomorrow we're gonna have VIP again. 3 00:00:24.000 --> 00:00:37.000 I just want to, I want to cover some stuff with you that a lot of people don't have access to and one of them is fair use, because, gosh, people get this wrong. 4 00:00:38.000 --> 00:00:53.000 Well, I can, I can use, you know, I just, I saw this one article, and I'm just going to grab the text and throw it in my thing here, and I'm just going to call it fair use. 5 00:00:53.000 --> 00:01:05.000 And so, you know, um, that's okay right and I'm here to tell you that's not typically fair use. 6 00:01:05.000 --> 00:01:16.000 Fair use is basically an exception to committing copyright infringement. Alright, so that's the first thing I want you to kind of get in your mind is that it's an exception to the rule. 7 00:01:16.000 --> 00:01:18.000 It's not the rule. 8 00:01:18.000 --> 00:01:24.000 Okay, so if you're looking at fair use that means you're already committing copyright infringement. 9 00:01:25.000 --> 00:01:39.000 So, like it's like you're starting your hand is already in the cooking jar, and your mom has already said didn't I tell you not to touch the cookies until after dinner, and she's looking at you and your hand is in the jar. 10 00:01:40.000 --> 00:01:54.000 Now what you're doing is you're trying to come up with a good excuse so you don't get your butt whooped. All right, that's essentially what is happening when you're talking about fair use in copyright okay and that's probably like the best description I've ever gave. 11 00:01:55.000 --> 00:02:09.000 That's like copyright fair use in like a nutshell. Okay, so now you can say a few different things you can say well daddy told me I can do it. Now, how many people actually get away with that I never got away with that as a kid, like, you know, well daddy said I 12 00:02:09.000 --> 00:02:28.000 could do it, I still had problems. So, so just saying, you know, well, other people were doing it, isn't that okay can't I do it too or the newspaper does it can I use the content to know that that's not allowed that that is not a good answer. 13 00:02:29.000 --> 00:02:41.000 So you've got to come up with some kind of excuse, or some kind of rationale that is acceptable to the federal district court to make sure that you're not liable for copyright infringement. 14 00:02:41.000 --> 00:02:49.000 And the way this comes up is that you've grabbed some content that is protected under copyright, and you're using that content. 15 00:02:50.000 --> 00:03:03.000 And the only one who has the right to make copies, or the only one who has the right for distribution is who the copyright owner, so you're violating that law. So now we're looking for an exception to the law. 16 00:03:04.000 --> 00:03:24.000 Lo and behold, this this concept of fair use the exception came up. All right. And so the way that it works is that there's like, there's like this small, this small portion of like the original work as being used it's not like everything in the work, 17 00:03:24.000 --> 00:03:32.000 right. There's no real commercial value. So you're not financially gaining from the use. Okay. 18 00:03:34.000 --> 00:03:42.000 Like, it's, it's not like you're, you're not taking the material adding it into your book and then selling your book. 19 00:03:43.000 --> 00:03:50.000 Like, that's not what you're doing. That's not fair use that you're getting up, you have a financial gain because you're making money off that book. All right. 20 00:03:50.000 --> 00:03:59.000 Typically, when you think of like newspapers, newspapers, get away with it because it's kind of like fair, they're saying, look, something just happened. 21 00:03:59.000 --> 00:04:06.000 I've got to make you aware of it. It's newsworthy, you know, and they argue that they're not making a lot of money on the thing so they kind of get away with it. 22 00:04:06.000 --> 00:04:14.000 But it's, there's some kind of like newsworthiness to it timeline where they couldn't get permission from the original person to actually report it. 23 00:04:14.000 --> 00:04:25.000 And so therefore they're able to use that content. In most cases, we're not going to be able to say that this information is so incredibly important that I've got to get in front of everybody. 24 00:04:25.000 --> 00:04:34.000 And those people aren't paying me to get it in front of them. And it's only a small portion of an original work. So therefore I fall in the fair use. 25 00:04:34.000 --> 00:04:45.000 Very, very rare, are you going to fall into fair use, but it can happen. And so there are different factors and what I'm going to do for all of you. 26 00:04:45.000 --> 00:04:48.000 Here we go. 27 00:04:48.000 --> 00:04:54.000 I'm going to take a link right now, I'm going to copy it, I'm going to go into the Facebook group. 28 00:04:54.000 --> 00:05:00.000 And I'm going to paste it in there and I'll drop the link in here too so you guys can see the factors. 29 00:05:00.000 --> 00:05:06.240 I'm just going to call this, um, error use factors. You guys don't know what I'm talking 30 00:05:06.240 --> 00:05:13.600 about because we're covering it together. Control V. Paste. Okay. So, now you guys will have it 31 00:05:13.600 --> 00:05:24.960 there and I'll drop the link here too for you guys. Let's see. Chat. And paste. 32 00:05:24.960 --> 00:05:35.360 There you go. If you open that link, you'll see, um, an article that kind of breaks down 33 00:05:35.360 --> 00:05:39.200 the different factors. It says in determining whether or not a particular use is fair, 34 00:05:40.160 --> 00:05:45.600 the law states that at least four factors should be taken into, it should say into consideration, 35 00:05:45.600 --> 00:05:51.600 or it says taken into should be taken into consideration. Poor English. But at any case, 36 00:05:51.600 --> 00:05:56.960 these are the factors. The purpose and character of the use, the nature of the work, the amount 37 00:05:57.600 --> 00:06:04.000 and sustainability of basically the amount that's copied and the effect of use on the market. So, 38 00:06:04.880 --> 00:06:13.040 if your use is you're gaining financially, that can be a problem. Um, if your use of it is taking 39 00:06:13.040 --> 00:06:18.240 away market share from another party who actually owns the copyright, that can be a problem. 40 00:06:18.960 --> 00:06:25.200 Uh, typically newsworthy things are acceptable. Uh, and there's a few other exceptions like in 41 00:06:25.200 --> 00:06:32.080 education where it will be allowed. But what I would say, suggest is that you talk to an attorney. 42 00:06:32.080 --> 00:06:35.920 If, if you're going to make any kind of financial gain in any way, shape or form, 43 00:06:36.640 --> 00:06:42.080 I would talk to an attorney to make sure that you don't run into problems here. Cause this, 44 00:06:42.080 --> 00:06:47.920 there's a lot of litigation in this area. If somebody has a book or has a picture and you're 45 00:06:47.920 --> 00:06:52.720 taking content from the book or using the picture, you're already committing copyright 46 00:06:52.720 --> 00:06:59.200 infringement. Now the question is, can I say it falls on the fair use? Um, very, very small 47 00:06:59.200 --> 00:07:04.480 number of parties that actually are successful in this area. So I dropped that link there so 48 00:07:04.480 --> 00:07:10.560 you can look at it. Uh, typically in the educational environment, you can come up 49 00:07:10.560 --> 00:07:18.160 with something like as an example, um, let's say today a court case was decided and it's going to 50 00:07:18.160 --> 00:07:24.720 affect everybody. And I take the newspaper article and I show it to you all here. I, I can argue that 51 00:07:24.720 --> 00:07:30.320 that might be fair use because it just happened. I'm just trying to report it to you right now. 52 00:07:30.320 --> 00:07:36.640 I'm not really financially gaining on that one thing alone, even though I am making, 53 00:07:36.640 --> 00:07:43.120 you know, financially, there is a charge for VIP. I'm not like gaining just from that one article. 54 00:07:43.760 --> 00:07:51.520 So it's, it's a very mushy, very dangerous area of the law. All right. So in summary, 55 00:07:52.080 --> 00:07:56.000 try not to just grab content from other people and use it. I mean, that that's really what it 56 00:07:56.000 --> 00:08:01.680 comes down to is now, if you're trying to quote, there's a difference between copyright infringement 57 00:08:02.560 --> 00:08:08.720 and plagiarism. Those aren't the same thing, right? Plagiarism is like, you're copying every 58 00:08:08.720 --> 00:08:14.880 single word and you don't give an attribution to the other party. Copyright law. Please hear me here. 59 00:08:15.680 --> 00:08:19.920 Copyright law does not care whether or not you give an attribution, you'll still be sued. 60 00:08:21.120 --> 00:08:28.320 Okay. If I, if I take Michelle's newly printed book and I copy chapter number one and make it 61 00:08:28.320 --> 00:08:34.080 chapter number four in my book, I can be sued for copyright infringement. Even if I say in 62 00:08:34.080 --> 00:08:40.720 the beginning of the book, chapter number four is actually from Michelle Ducat's book, blah, 63 00:08:40.720 --> 00:08:44.480 blah, blah, blah, blah. I can still be sued for copyright infringement, even though I give her 64 00:08:44.480 --> 00:08:50.720 credit. So even though I, I, in that case, I can't be sued for plagiarism because I gave the 65 00:08:50.720 --> 00:08:56.320 attribution to another party. I can still be sued for copyright infringement. Do you see the 66 00:08:56.320 --> 00:09:02.800 difference? They're not the same thing. People confuse this all the time. They say, well, I gave 67 00:09:02.800 --> 00:09:10.000 credit to the other person so I could copy whatever I want. No, you can't. No, no, you can't. Uh-uh. 68 00:09:10.000 --> 00:09:15.920 Like, I can't go to my neighbor's house, take their lawnmower, and then take their lawnmower 69 00:09:15.920 --> 00:09:22.400 over to my lake house and mow the lawn. I can't do that. That's stealing. Even if I went to my 70 00:09:22.400 --> 00:09:26.800 next door neighbor, Dave, and said, hey, Dave, you check, you see this new lawnmower? It's really nice, 71 00:09:26.800 --> 00:09:33.440 right? Yeah, it belongs to my neighbor. Who cares? I mean, that has no bearing on the original 72 00:09:33.440 --> 00:09:39.200 lawnmower owner. He's still going to call the cops and still arrest me. So keep that in mind. 73 00:09:39.200 --> 00:09:45.440 Attribution does not mean permission. It's not the same thing. We're not in high school. We're 74 00:09:45.440 --> 00:09:50.400 not in college. We're not in grade school. That's the only place that you can do your plagiarism or 75 00:09:50.400 --> 00:09:55.680 get away with plagiarizing by giving attribution to another party. In the real world, 76 00:09:56.560 --> 00:09:59.760 they will sue you for doing that, okay? 77 00:10:00.720 --> 00:10:02.880 You might be asking yourself, well, okay, 78 00:10:02.880 --> 00:10:04.080 I'm gonna give you one example 79 00:10:04.080 --> 00:10:06.460 because I've had a lot of people ask this question. 80 00:10:06.460 --> 00:10:08.880 Can I grab scripture from the Bible 81 00:10:08.880 --> 00:10:12.120 and use it in my own book or in my own publishings 82 00:10:12.120 --> 00:10:15.340 or in my own paintings or in my own artwork? 83 00:10:15.340 --> 00:10:16.680 Can I do that? 84 00:10:16.680 --> 00:10:20.680 There are certain books that are out there 85 00:10:20.680 --> 00:10:24.840 that will allow you to use a certain number of pages 86 00:10:25.760 --> 00:10:28.240 or a certain amount of content. 87 00:10:29.200 --> 00:10:33.320 And one of them actually is the Bible. 88 00:10:33.320 --> 00:10:36.260 Now, I'm going to grab, 89 00:10:38.120 --> 00:10:39.740 I don't think I have it here. 90 00:10:41.960 --> 00:10:43.440 My wife actually has it. 91 00:10:43.440 --> 00:10:46.160 If you look at the Passion Translation, 92 00:10:46.160 --> 00:10:48.400 if you look in the front of the Passion Translation 93 00:10:48.400 --> 00:10:50.640 in the Bible, there's a section there 94 00:10:50.640 --> 00:10:52.760 that actually tells you that they give you 95 00:10:52.760 --> 00:10:57.480 a non-exclusive license to use X number of pages of content. 96 00:10:58.240 --> 00:11:00.720 That's a good example of where a book 97 00:11:00.720 --> 00:11:02.960 will actually give you permission 98 00:11:02.960 --> 00:11:05.040 to use some of their content. 99 00:11:05.040 --> 00:11:07.880 But you have to then give the attribution, 100 00:11:07.880 --> 00:11:11.080 namely saying, you know, pages such and such 101 00:11:11.080 --> 00:11:13.860 were taken from such and such's book. 102 00:11:15.040 --> 00:11:18.560 You know, here's the publisher, this is a year of it, 103 00:11:18.560 --> 00:11:21.920 this is the volume of it, pages number such and such. 104 00:11:21.920 --> 00:11:26.060 That's accepted only if you get a legal right 105 00:11:26.060 --> 00:11:28.820 by a non-exclusive license or an exclusive license. 106 00:11:30.380 --> 00:11:33.340 Let me explain what a non-exclusive license is real quick. 107 00:11:33.340 --> 00:11:36.860 So you may own something like a trademark, 108 00:11:36.860 --> 00:11:38.220 and I like Anthony. 109 00:11:38.220 --> 00:11:40.460 So I say, you know what? 110 00:11:40.460 --> 00:11:42.460 Anthony is doing business in this area. 111 00:11:42.460 --> 00:11:44.940 And the name that I have really works well with Anthony. 112 00:11:44.940 --> 00:11:48.480 It kind of aligns, he's kind of aligning with what I'm doing. 113 00:11:48.480 --> 00:11:50.780 So I call up Anthony, I say, Anthony, 114 00:11:50.780 --> 00:11:51.900 you know, I like what you're doing. 115 00:11:51.900 --> 00:11:54.140 I like the movement that you're building here. 116 00:11:54.140 --> 00:11:55.580 You know what I'm going to do? 117 00:11:56.100 --> 00:11:57.700 I've already got a brand created. 118 00:11:57.700 --> 00:12:01.140 So why don't I license you what I already have created 119 00:12:01.140 --> 00:12:04.020 so that your business can just take off, right? 120 00:12:04.020 --> 00:12:06.140 And Anthony says, you know what? 121 00:12:06.140 --> 00:12:08.020 That's a cool idea, Pete, thanks. 122 00:12:08.020 --> 00:12:11.980 And so I say, I'm going to give you a non-exclusive license 123 00:12:11.980 --> 00:12:16.140 to use my protected content, 124 00:12:16.140 --> 00:12:19.060 either my trademarks or my copyrighted works. 125 00:12:19.060 --> 00:12:20.340 I'm going to give you a non-exclusive license. 126 00:12:20.340 --> 00:12:23.460 What that means is exactly what the word says. 127 00:12:23.460 --> 00:12:26.100 It means you have the right, 128 00:12:26.100 --> 00:12:28.820 but you're not the only one who has the right. 129 00:12:28.820 --> 00:12:31.020 It's not exclusive, okay? 130 00:12:31.020 --> 00:12:33.460 It's called non-exclusive, okay? 131 00:12:33.460 --> 00:12:36.260 That's the way you want to license to people. 132 00:12:36.260 --> 00:12:38.860 You want to license to people in a non-exclusive way 133 00:12:38.860 --> 00:12:40.860 because when you do a non-exclusive license, 134 00:12:40.860 --> 00:12:42.740 you can license to multiple people. 135 00:12:44.220 --> 00:12:45.060 Do you get that? 136 00:12:45.060 --> 00:12:47.300 So all of a sudden Shelly's around and I go, 137 00:12:47.300 --> 00:12:48.740 oh, I like what Shelly's doing. 138 00:12:48.740 --> 00:12:50.660 But Shelly is doing it for, 139 00:12:50.660 --> 00:12:52.860 let's say she's doing in California. 140 00:12:53.180 --> 00:12:55.300 And so I reached out to Shelly and say, 141 00:12:55.300 --> 00:12:57.540 hey, Shelly, I like what you're doing here. 142 00:12:57.540 --> 00:12:59.100 I've got a brand that's already developed. 143 00:12:59.100 --> 00:13:00.020 Do you want to use it? 144 00:13:00.020 --> 00:13:00.900 And she says, yeah. 145 00:13:00.900 --> 00:13:02.540 And I said, well, how about I give you a legal right 146 00:13:02.540 --> 00:13:04.260 to use it in California? 147 00:13:04.260 --> 00:13:06.700 I previously spoke to Tony and to Anthony 148 00:13:06.700 --> 00:13:08.340 and he's in New York. 149 00:13:08.340 --> 00:13:11.020 And so Anthony has legal rights in New York. 150 00:13:11.020 --> 00:13:13.020 So you can use it all in California. 151 00:13:13.020 --> 00:13:14.260 He's going to use it in New York. 152 00:13:14.260 --> 00:13:15.540 And you go, great. 153 00:13:15.540 --> 00:13:16.980 That's my market, California. 154 00:13:16.980 --> 00:13:18.140 That's all I care about anyway. 155 00:13:18.140 --> 00:13:19.860 Perfect, done. 156 00:13:19.860 --> 00:13:23.020 Now I'm making money in my relationship with Shelly 157 00:13:23.020 --> 00:13:24.580 and my relationship with Anthony 158 00:13:24.580 --> 00:13:29.580 because of one IP asset licensed to two different people 159 00:13:29.860 --> 00:13:33.500 with two different geographical restrictions. 160 00:13:33.500 --> 00:13:35.380 And the beauty of licenses, 161 00:13:35.380 --> 00:13:36.940 this is how you make big money, 162 00:13:36.940 --> 00:13:39.220 is that the beauty of licenses 163 00:13:39.220 --> 00:13:41.660 is that you can split it up any way you want. 164 00:13:41.660 --> 00:13:44.220 You can split it by geographical region. 165 00:13:44.220 --> 00:13:46.660 You can split it by technology. 166 00:13:46.660 --> 00:13:48.180 I could reach out to Shelly and say, 167 00:13:48.180 --> 00:13:53.180 Shelly, you can use this name for any electronic devices. 168 00:13:53.580 --> 00:13:55.180 And then I reach out to Anthony and say, 169 00:13:55.180 --> 00:13:58.940 Anthony, you can use this name for any training courses, 170 00:13:58.940 --> 00:14:01.460 right, because Anthony is doing online training courses, 171 00:14:01.460 --> 00:14:02.980 but not devices. 172 00:14:02.980 --> 00:14:07.700 So now Shelly's building up devices using the name. 173 00:14:07.700 --> 00:14:10.620 Anthony's got like, what do you call it? 174 00:14:11.780 --> 00:14:13.700 Training courses using the name. 175 00:14:13.700 --> 00:14:15.860 And then I reach out to Anders and I was like, 176 00:14:15.860 --> 00:14:20.860 Anders, I noticed that you're doing work on software. 177 00:14:21.620 --> 00:14:24.460 Hey, how about I license this name to you for software? 178 00:14:24.460 --> 00:14:29.460 Now I've got three licenses for the same one thing, 179 00:14:29.980 --> 00:14:33.380 but everybody has a non-exclusive license. 180 00:14:33.380 --> 00:14:37.620 If I gave any one of them an exclusive license, 181 00:14:37.620 --> 00:14:38.780 I'd have to be careful 182 00:14:38.780 --> 00:14:41.100 that I don't give them an exclusive license 183 00:14:41.100 --> 00:14:45.780 to something that I want to give a license 184 00:14:45.780 --> 00:14:47.900 for to another individual. 185 00:14:47.900 --> 00:14:49.300 So what do I mean by that? 186 00:14:49.300 --> 00:14:51.340 If I give Anthony an exclusive license 187 00:14:51.340 --> 00:14:56.340 to the name Driver, D-R, or Driven, D-R-V-N, right, 188 00:14:57.340 --> 00:14:59.780 for cars, 189 00:15:00.000 --> 00:15:02.760 and I give an exclusive license, 190 00:15:02.760 --> 00:15:04.900 I can't then go to Shelly and say, 191 00:15:04.900 --> 00:15:09.900 hey, Shelly, Anthony has an exclusive license for Driven. 192 00:15:10.700 --> 00:15:13.120 I'm gonna give you an exclusive license to use Driven, 193 00:15:13.120 --> 00:15:13.960 but you know what? 194 00:15:13.960 --> 00:15:15.860 You can only use it for Mustangs, 195 00:15:15.860 --> 00:15:17.900 you know, for like an exclusive license, 196 00:15:17.900 --> 00:15:19.660 a line of Mustangs, 197 00:15:19.660 --> 00:15:22.280 because I already gave the legal rights to Anthony. 198 00:15:22.280 --> 00:15:25.280 It's gone, right? 199 00:15:25.280 --> 00:15:29.420 But if I section it down and say, 200 00:15:29.420 --> 00:15:32.260 Anthony, I'm gonna give you an exclusive license 201 00:15:32.260 --> 00:15:33.980 for motorcycles, 202 00:15:33.980 --> 00:15:35.460 then I can go to Shelly and say, 203 00:15:35.460 --> 00:15:37.980 I'm gonna give you an exclusive license for cars. 204 00:15:39.220 --> 00:15:41.100 So the beauty of licenses 205 00:15:41.100 --> 00:15:43.860 is that you can create them any way you want. 206 00:15:43.860 --> 00:15:45.680 You can divide them up any way you want. 207 00:15:45.680 --> 00:15:48.060 The thing I want you to remember is, 208 00:15:48.060 --> 00:15:53.060 non-exclusive license means multiple parties can use it 209 00:15:53.060 --> 00:15:54.800 for the same thing. 210 00:15:54.800 --> 00:15:57.380 Exclusive license means only one party 211 00:15:57.380 --> 00:15:58.720 can use it for that thing. 212 00:16:00.420 --> 00:16:02.380 Shelly, go right ahead. 213 00:16:02.380 --> 00:16:03.420 What's your question? 214 00:16:09.060 --> 00:16:10.140 Hold on. 215 00:16:10.140 --> 00:16:10.980 Okay. 216 00:16:12.380 --> 00:16:14.220 Going back to scripture, 217 00:16:14.220 --> 00:16:19.220 you know how musicians can take certain passages 218 00:16:19.900 --> 00:16:23.700 out of the Bible and create lyrics from it, right? 219 00:16:23.700 --> 00:16:28.700 And sometimes they alter the scripture, 220 00:16:28.860 --> 00:16:32.020 but they're not referencing the specific scripture 221 00:16:32.020 --> 00:16:34.180 in which it comes from. 222 00:16:34.180 --> 00:16:35.220 Follow me so far? 223 00:16:35.220 --> 00:16:36.060 That's right. 224 00:16:36.060 --> 00:16:37.100 I'm with you a hundred percent. 225 00:16:37.100 --> 00:16:38.220 Okay. 226 00:16:38.220 --> 00:16:40.700 Now, my first question is, 227 00:16:41.860 --> 00:16:43.540 well, I don't know, maybe I can't ask that. 228 00:16:43.540 --> 00:16:45.220 I was gonna say, is that legal? 229 00:16:45.220 --> 00:16:49.300 But the other aspect of it is, 230 00:16:49.300 --> 00:16:54.300 is that I wrote something for my business 231 00:16:54.420 --> 00:16:58.220 that was inspired by scripture. 232 00:16:58.220 --> 00:17:01.860 So it took the same scripture written 233 00:17:01.860 --> 00:17:05.460 about four different ways and I rewrote it, 234 00:17:05.460 --> 00:17:08.660 but I did not reference the scripture at all. 235 00:17:10.180 --> 00:17:12.060 With the whole guise- 236 00:17:12.060 --> 00:17:13.380 I'm just getting ready. 237 00:17:13.380 --> 00:17:14.220 I'm just getting ready. 238 00:17:14.220 --> 00:17:16.339 I know, with the whole guise of it being like, 239 00:17:16.339 --> 00:17:18.780 yeah, I got my water. 240 00:17:18.780 --> 00:17:21.060 No, I'm not asking for legal advice. 241 00:17:21.060 --> 00:17:23.420 I'm saying like, is that, would that, 242 00:17:23.420 --> 00:17:27.980 I mean, could I technically be in trouble for that? 243 00:17:28.740 --> 00:17:29.900 So you're not asking for legal advice, 244 00:17:29.900 --> 00:17:31.420 but you want legal advice. 245 00:17:31.420 --> 00:17:32.580 Yeah, yeah. 246 00:17:32.580 --> 00:17:34.860 So this is not legal advice. 247 00:17:34.860 --> 00:17:39.700 All right, so here's the answer to your question. 248 00:17:39.700 --> 00:17:42.940 First of all, this is a perfect audit question, guys, 249 00:17:42.940 --> 00:17:44.460 just so you guys understand. 250 00:17:44.460 --> 00:17:47.140 This is the kind of stuff that we would do in an audit 251 00:17:47.140 --> 00:17:48.820 because there's multiple, multiple, 252 00:17:48.820 --> 00:17:50.980 multiple tiers of issues here. 253 00:17:50.980 --> 00:17:53.980 So just so you guys can see what we would do in an audit, 254 00:17:53.980 --> 00:17:56.740 I'm gonna do this one example with Shelley 255 00:17:56.740 --> 00:17:58.980 and break it down as we would do in an audit 256 00:17:58.980 --> 00:18:01.380 so you can see a sample of what we do, okay? 257 00:18:01.380 --> 00:18:04.060 So first thing, number one, 258 00:18:04.060 --> 00:18:07.580 she said that there's some scripture that's being used. 259 00:18:07.580 --> 00:18:09.380 The first question that should be asked is, 260 00:18:09.380 --> 00:18:10.980 where's the scripture being grabbed from? 261 00:18:10.980 --> 00:18:13.860 Is it being grabbed from like a King James version 262 00:18:13.860 --> 00:18:16.060 from ages ago, in which case, 263 00:18:16.060 --> 00:18:18.780 that's actually public domain already. 264 00:18:18.780 --> 00:18:20.340 Like you can grab whatever you want 265 00:18:20.340 --> 00:18:22.620 from some of the older Bibles, right? 266 00:18:22.620 --> 00:18:24.700 They're all older Bibles. 267 00:18:24.700 --> 00:18:25.580 What was that? 268 00:18:25.580 --> 00:18:27.220 They're all older versions. 269 00:18:27.220 --> 00:18:30.980 Yeah, so when you look at some of the older Bibles, 270 00:18:30.980 --> 00:18:33.340 you'll be able to see the copyrights on them. 271 00:18:33.340 --> 00:18:35.780 And so when you look at the older Bibles 272 00:18:35.780 --> 00:18:36.740 and you see the copyright, 273 00:18:36.740 --> 00:18:39.860 you'll see many of them are expired on the older ones, 274 00:18:39.860 --> 00:18:42.100 like the older King James ones, right? 275 00:18:42.100 --> 00:18:45.100 And so for those, I grab whatever I want. 276 00:18:45.100 --> 00:18:47.580 There's no legal right to anything. 277 00:18:47.580 --> 00:18:49.940 Like there is no issue in any way, shape or form. 278 00:18:49.940 --> 00:18:52.780 Now, if I go into like the Passion Translation, 279 00:18:52.780 --> 00:18:54.700 now when I go into the Passion Translation, 280 00:18:54.700 --> 00:18:58.460 it says that I can take a certain amount of content. 281 00:18:58.460 --> 00:19:02.020 I think it's like up to 25 verses or something like that. 282 00:19:02.020 --> 00:19:04.140 I know Larissa knew it at some point. 283 00:19:04.140 --> 00:19:04.980 How many verses is it? 284 00:19:04.980 --> 00:19:06.300 Do you remember Larissa? 285 00:19:06.300 --> 00:19:09.700 250, I actually just found the literal link 286 00:19:09.700 --> 00:19:11.220 and it's in the chat. 287 00:19:11.220 --> 00:19:12.300 Nice, thank you so much. 288 00:19:12.300 --> 00:19:13.740 Words, words, yeah. 289 00:19:13.740 --> 00:19:15.420 250 words. 290 00:19:15.420 --> 00:19:16.260 Words. 291 00:19:16.260 --> 00:19:17.100 Is that right? 292 00:19:17.100 --> 00:19:18.900 Okay, so they allow you to take 250 words. 293 00:19:18.900 --> 00:19:21.980 So that means you could take a certain number of words 294 00:19:21.980 --> 00:19:25.860 and grab that, and it's not an issue, right? 295 00:19:25.860 --> 00:19:28.540 But you're on the right track 296 00:19:28.540 --> 00:19:30.260 in asking is it copyright infringement? 297 00:19:30.260 --> 00:19:32.740 Because if it is a protected book 298 00:19:32.740 --> 00:19:35.060 and you take the content and you slightly modify it, 299 00:19:35.060 --> 00:19:37.100 that can be argued to be what's called a, 300 00:19:37.100 --> 00:19:39.300 somebody type in the chat what it's called. 301 00:19:40.260 --> 00:19:43.060 Well, plagiarism, right? 302 00:19:43.060 --> 00:19:44.180 No. 303 00:19:45.420 --> 00:19:48.820 If you slightly modify it, what would that be called? 304 00:19:48.820 --> 00:19:50.220 See if anybody remembers. 305 00:19:52.900 --> 00:19:53.740 Well- 306 00:19:53.740 --> 00:19:56.300 It starts with a D, anybody? 307 00:19:57.260 --> 00:20:00.100 No, Ray, you can't answer, Ray. 308 00:20:00.000 --> 00:20:05.000 Derivative, yes. 309 00:20:05.280 --> 00:20:09.280 All right, Tanya gets credit for creativity here. 310 00:20:09.280 --> 00:20:12.280 As I said, it starts with a D and you just write derivative. 311 00:20:12.280 --> 00:20:14.480 That's very clever right there. 312 00:20:14.480 --> 00:20:16.280 I like that, that was really clever. 313 00:20:16.280 --> 00:20:19.920 So the whole point being that it can be argued 314 00:20:19.920 --> 00:20:21.480 to be a derivative work. 315 00:20:21.480 --> 00:20:24.120 Who actually, oh, that wasn't intentional? 316 00:20:24.120 --> 00:20:26.360 No way, I thought that was intentional. 317 00:20:26.360 --> 00:20:27.920 That was kind of clever. 318 00:20:27.920 --> 00:20:31.120 So who actually has the legal right 319 00:20:31.120 --> 00:20:32.560 to create derivative works? 320 00:20:34.520 --> 00:20:36.840 Wouldn't it be the original author? 321 00:20:36.840 --> 00:20:39.560 Exactly, nobody else. 322 00:20:39.560 --> 00:20:43.200 So if it were the case, let me just complete this thought 323 00:20:43.200 --> 00:20:44.560 and then jump back in, all right? 324 00:20:44.560 --> 00:20:48.040 So if it were the case that it were like a book 325 00:20:50.240 --> 00:20:54.680 that has a current copyright and you grab a few words of it 326 00:20:54.680 --> 00:20:57.880 and you throw it into your song 327 00:20:57.880 --> 00:21:01.000 and what you do is you modify it some 328 00:21:01.000 --> 00:21:02.640 so it can be argued to be a derivative 329 00:21:02.640 --> 00:21:05.360 and not a newly created work, 330 00:21:05.360 --> 00:21:07.520 that would be considered copyright infringement 331 00:21:07.520 --> 00:21:11.800 because even taking a written work and speaking it, 332 00:21:11.800 --> 00:21:14.080 remember one of the legal rights associated 333 00:21:14.080 --> 00:21:16.240 with a copyright is what? 334 00:21:16.240 --> 00:21:21.200 The right to speak it, not just to make copies. 335 00:21:21.200 --> 00:21:24.640 Also another legal right is the right to speak it. 336 00:21:25.440 --> 00:21:26.680 Or to perform it. 337 00:21:26.680 --> 00:21:29.840 And so for that reason, if it is a book 338 00:21:29.840 --> 00:21:31.840 that is protected under copyright law 339 00:21:31.840 --> 00:21:35.840 and I take a few words of it and I go and I use it myself, 340 00:21:35.840 --> 00:21:39.640 I could potentially get sued for copyright infringement. 341 00:21:39.640 --> 00:21:40.920 And there's a deeper analysis 342 00:21:40.920 --> 00:21:42.720 that we would do in actual audit, 343 00:21:42.720 --> 00:21:45.760 but that's kind of a top level analysis. 344 00:21:45.760 --> 00:21:49.400 Well, the other aspect was is that we know, 345 00:21:49.400 --> 00:21:51.600 I mean, as Christians, we know we're not supposed 346 00:21:51.600 --> 00:21:52.880 to alter the word of God. 347 00:21:52.920 --> 00:21:56.840 And so in being in alignment with that, 348 00:21:56.840 --> 00:22:01.840 that's why I didn't mention the scripture specifically. 349 00:22:02.920 --> 00:22:06.240 And because I didn't want it to be 350 00:22:06.240 --> 00:22:10.920 like somebody coming after me going, you know, 351 00:22:10.920 --> 00:22:11.760 and I, so it was just- 352 00:22:11.760 --> 00:22:14.200 The second you said, don't change the scripture, 353 00:22:14.200 --> 00:22:16.360 I said, yeah, well, look at the NIV. 354 00:22:16.360 --> 00:22:17.200 So that's- 355 00:22:17.200 --> 00:22:20.480 Well, you know, I mean, hey, I'm not trying to say, 356 00:22:20.480 --> 00:22:22.920 I'm not trying to keep up with the NIV. 357 00:22:22.920 --> 00:22:25.040 They can just all burn, right? 358 00:22:25.040 --> 00:22:27.720 It is like, there are literally sections 359 00:22:27.720 --> 00:22:29.560 that are missing completely. 360 00:22:29.560 --> 00:22:31.240 And I'm like, what? 361 00:22:31.240 --> 00:22:32.520 Like, what happened here? 362 00:22:32.520 --> 00:22:35.040 It's like, yeah, but that's a whole other story. 363 00:22:35.040 --> 00:22:39.120 So the fact of the matter is that if we're in a situation 364 00:22:39.120 --> 00:22:42.640 where we're looking at somethings in a certain format 365 00:22:42.640 --> 00:22:47.640 and we want to copy some of that content, 366 00:22:47.680 --> 00:22:48.560 we gotta be careful. 367 00:22:48.560 --> 00:22:49.640 We have to be careful. 368 00:22:49.640 --> 00:22:52.120 And I mean, I've seen lawsuits. 369 00:22:52.120 --> 00:22:57.120 If you look at, you guys remember Ice, Ice, Baby? 370 00:22:58.240 --> 00:22:59.840 Do you remember that? 371 00:22:59.840 --> 00:23:01.040 Right? 372 00:23:01.040 --> 00:23:02.400 Vanilla Ice. 373 00:23:02.400 --> 00:23:04.400 So the beat went, it went, 374 00:23:04.400 --> 00:23:06.120 dum, dum, dum, dum, dum, dum, dum. 375 00:23:06.120 --> 00:23:08.040 Dum, dum, dum, dum, dum, dum, dum, dum. 376 00:23:08.040 --> 00:23:08.880 Right? 377 00:23:08.880 --> 00:23:10.280 That's the way the beat went. 378 00:23:10.280 --> 00:23:11.960 Dum, dum, dum, dum, dum, dum, dum. 379 00:23:11.960 --> 00:23:13.680 Dum, dum, dum, dum, dum, dum, dum. 380 00:23:13.680 --> 00:23:14.520 All right. 381 00:23:14.520 --> 00:23:18.600 Now the original song from way back in the day 382 00:23:18.640 --> 00:23:21.400 was by, what was it, by Queen? 383 00:23:21.400 --> 00:23:22.240 I think it was, 384 00:23:22.240 --> 00:23:24.480 there was an earlier version of it by Queen. 385 00:23:24.480 --> 00:23:27.280 I actually put this on my funnel intentionally 386 00:23:27.280 --> 00:23:31.400 because I thought this was just a great example. 387 00:23:31.400 --> 00:23:35.760 And their song, the way it went was, 388 00:23:35.760 --> 00:23:37.920 dum, dum, dum, dum, dum, dum, dum. 389 00:23:37.920 --> 00:23:39.840 Dum, dum, dum, dum, dum, dum, dum. 390 00:23:39.840 --> 00:23:43.080 So when Vanilla Ice was interviewed, okay? 391 00:23:43.080 --> 00:23:45.880 I saw this interview, it was kind of hilarious. 392 00:23:45.880 --> 00:23:48.880 During the interview, they said, 393 00:23:48.880 --> 00:23:50.640 how did you actually believe 394 00:23:50.640 --> 00:23:52.800 that there was no copyright infringement? 395 00:23:52.800 --> 00:23:55.200 Like, it sounds exactly the same. 396 00:23:55.200 --> 00:23:57.440 He says, no, it's not even close. 397 00:23:58.360 --> 00:24:01.840 And they said, how is it not even close? 398 00:24:01.840 --> 00:24:05.040 And he says, well, look, their version goes, 399 00:24:05.040 --> 00:24:07.160 dum, dum, dum, dum, dum, dum, dum. 400 00:24:07.160 --> 00:24:08.960 Dum, dum, dum, dum, dum, dum, dum. 401 00:24:08.960 --> 00:24:12.400 Mine goes, dum, dum, dum, dum, dum, dum. 402 00:24:12.400 --> 00:24:14.600 Dum, dum, dum, dum, dum, dum, dum. 403 00:24:14.640 --> 00:24:17.680 And I'm thinking, dum, dum, dum, dum, dum, dum, dum. 404 00:24:17.680 --> 00:24:19.120 Dum, dum, dum, dum, dum, dum. 405 00:24:19.120 --> 00:24:20.440 I'm thinking, that is dumb. 406 00:24:20.440 --> 00:24:22.440 That is dumb, dumb, dumb. 407 00:24:22.440 --> 00:24:24.520 I mean, that is just not a good move. 408 00:24:24.520 --> 00:24:27.240 And so they settled that thing for something like, 409 00:24:27.240 --> 00:24:29.960 it was some really big, obscene amount of money 410 00:24:29.960 --> 00:24:32.760 that he had to pay for copyright infringement 411 00:24:32.760 --> 00:24:35.520 for a, get this, and back then it wasn't 65 bucks. 412 00:24:35.520 --> 00:24:37.960 I think it was like 30-something dollars 413 00:24:37.960 --> 00:24:39.240 for a registration. 414 00:24:39.240 --> 00:24:41.040 A 30-something dollar registration 415 00:24:41.040 --> 00:24:42.200 ended up in a settlement 416 00:24:42.240 --> 00:24:44.840 for millions upon millions upon millions of dollars 417 00:24:45.840 --> 00:24:49.640 for a $35 registration. 418 00:24:49.640 --> 00:24:53.240 Guys, like the stuff I am teaching you is real life, 419 00:24:53.240 --> 00:24:55.240 real life applicable. 420 00:24:55.240 --> 00:24:58.200 And so make sure you take advantage of these things. 421 00:24:58.200 --> 00:24:59.680 Learn what legal rights you have. 422 00:24:59.680 --> 00:25:00.520 Anthony. 423 00:25:00.000 --> 00:25:00.840 Go ahead. 424 00:25:04.560 --> 00:25:05.560 Thanks Peter. 425 00:25:05.560 --> 00:25:07.200 Sure, absolutely. 426 00:25:07.200 --> 00:25:10.080 Yeah, so I guess the question was that I had, 427 00:25:10.080 --> 00:25:12.640 well, one of the questions was regarding inheritance. 428 00:25:12.640 --> 00:25:14.400 So for example, if you have a copyright 429 00:25:14.400 --> 00:25:16.200 or something along those lines 430 00:25:16.200 --> 00:25:19.920 and it passed down to you from a person like a relative 431 00:25:22.400 --> 00:25:24.160 and somebody infringes upon it, 432 00:25:25.040 --> 00:25:27.680 is that still something that you can sue somebody for 433 00:25:27.680 --> 00:25:29.200 or because you've inherited, 434 00:25:29.840 --> 00:25:31.440 your name's not necessarily on it, 435 00:25:31.440 --> 00:25:34.480 but you've inherited it, so to speak? 436 00:25:34.480 --> 00:25:36.560 Like a book or whatever it is, you know? 437 00:25:36.560 --> 00:25:38.000 It's actually a really good question. 438 00:25:38.000 --> 00:25:43.000 So copyrights last the life of the author plus 70 years, 439 00:25:43.640 --> 00:25:44.520 right? 440 00:25:44.520 --> 00:25:49.280 That's the general rule after 19, I think it was 1978, 441 00:25:49.280 --> 00:25:51.600 I think was where that rule changed. 442 00:25:51.600 --> 00:25:53.800 But basically it's the life of the author plus 70 years. 443 00:25:53.800 --> 00:25:54.720 Is that right, Anders? 444 00:25:54.720 --> 00:25:56.560 Yeah, I was just going by memory on that one. 445 00:25:57.320 --> 00:26:02.320 So first of all, if the author died like 80 years ago, 446 00:26:03.200 --> 00:26:04.200 then the copyright's over 447 00:26:04.200 --> 00:26:06.640 and there's no legal right that's gonna happen. 448 00:26:06.640 --> 00:26:11.120 But separate from that, this is the beauty of copyrights. 449 00:26:11.120 --> 00:26:16.120 Copyrights are what's called an intangible asset. 450 00:26:17.320 --> 00:26:20.240 Intangible asset, that means you can't really like, 451 00:26:22.360 --> 00:26:24.080 it's not grabbable, right? 452 00:26:24.080 --> 00:26:25.960 It's a legal right that's not grabbable. 453 00:26:26.320 --> 00:26:28.880 Now the result, the created work is grabbable, 454 00:26:28.880 --> 00:26:31.280 but the legal right's not grabbable, right? 455 00:26:31.280 --> 00:26:33.040 It's not like a chair, it's grabbable. 456 00:26:33.040 --> 00:26:35.560 So it's called intangible asset. 457 00:26:35.560 --> 00:26:38.760 An intangible asset can be sold, 458 00:26:38.760 --> 00:26:43.120 can be leased, licensed, assigned, 459 00:26:44.080 --> 00:26:47.320 just like a tangible asset. 460 00:26:47.320 --> 00:26:51.000 So if there's like a last will and testament of somebody 461 00:26:51.000 --> 00:26:55.240 and they assign the house over to Anthony, 462 00:26:55.280 --> 00:26:58.080 just like that house could be transferred, 463 00:26:58.080 --> 00:27:01.560 similarly, they can assign their IP portfolio. 464 00:27:02.680 --> 00:27:05.240 They can say, I assign all rights, title and interest 465 00:27:05.240 --> 00:27:10.240 to all my copyrights and all my books over to Anthony, right? 466 00:27:10.600 --> 00:27:12.680 Now, Anthony would have the legal right 467 00:27:12.680 --> 00:27:14.720 to do whatever he wants with that stuff, 468 00:27:14.720 --> 00:27:17.640 if in fact he obtained that legal right. 469 00:27:18.520 --> 00:27:21.600 I had the privilege of working with an individual 470 00:27:21.600 --> 00:27:24.720 who was trying to get the legal rights 471 00:27:24.720 --> 00:27:28.720 to Catherine Kuhlman's entire video log, 472 00:27:30.920 --> 00:27:34.920 like her whole video database, all of them. 473 00:27:36.000 --> 00:27:39.240 And it was pretty incredible job. 474 00:27:39.240 --> 00:27:40.520 Matter of fact, I don't think I ended up 475 00:27:40.520 --> 00:27:41.720 charging them anything for it 476 00:27:41.720 --> 00:27:43.480 because it was so cool doing this. 477 00:27:44.840 --> 00:27:46.920 He had access to a lot of it, 478 00:27:46.920 --> 00:27:49.080 but we actually ended up, 479 00:27:49.080 --> 00:27:52.400 since she obviously passed away quite some time ago, 480 00:27:53.320 --> 00:27:54.960 we did an investigation to find out 481 00:27:54.960 --> 00:27:58.240 who actually owned the legal rights 482 00:27:58.240 --> 00:28:03.240 to her entire portfolio. 483 00:28:03.840 --> 00:28:06.360 Well, apparently when she passed away, 484 00:28:08.760 --> 00:28:13.760 she gave certain legal rights over to a certain library, 485 00:28:14.760 --> 00:28:16.600 right, university library. 486 00:28:16.600 --> 00:28:19.960 And so they had legal rights to this, right? 487 00:28:19.960 --> 00:28:22.040 In the estate, it was transferred. 488 00:28:22.040 --> 00:28:25.080 So we tried negotiating with them and we say, 489 00:28:25.080 --> 00:28:27.600 look, we'll even give you money for this. 490 00:28:27.600 --> 00:28:29.200 And they're like, no. 491 00:28:29.200 --> 00:28:32.280 So they have the legal right to the, 492 00:28:32.280 --> 00:28:35.880 all the copyrights are in their name 493 00:28:35.880 --> 00:28:38.480 and they just basically have it in this gigantic mess. 494 00:28:38.480 --> 00:28:40.280 It's not organized. 495 00:28:40.280 --> 00:28:43.160 It's not easy to go and get access to things. 496 00:28:43.160 --> 00:28:45.880 It's just a big mess, which is an incredible shame. 497 00:28:46.200 --> 00:28:49.240 Ridiculous wealth of knowledge from this woman 498 00:28:49.240 --> 00:28:52.480 and library doesn't care. 499 00:28:53.400 --> 00:28:54.920 So the legal rights, 500 00:28:54.920 --> 00:28:56.680 so that's a long way of basically answering you 501 00:28:56.680 --> 00:28:59.120 and saying the legal rights do transfer 502 00:28:59.120 --> 00:29:01.200 just like goods and services. 503 00:29:01.200 --> 00:29:03.400 They can transfer through a trust. 504 00:29:03.400 --> 00:29:05.240 They can transfer through a will, 505 00:29:05.240 --> 00:29:07.640 a last will and testament. 506 00:29:07.640 --> 00:29:10.000 They can transfer under, 507 00:29:12.680 --> 00:29:14.720 I'm not a wills and estate attorney, 508 00:29:14.720 --> 00:29:19.720 but if a wife passes away to certain legal rights 509 00:29:20.320 --> 00:29:22.520 that go to the husband, 510 00:29:22.520 --> 00:29:25.880 I'd imagine that the IP is one of those assets 511 00:29:25.880 --> 00:29:27.880 that transfer as well. 512 00:29:27.880 --> 00:29:29.880 So, yeah. 513 00:29:29.880 --> 00:29:33.440 So one of the other things I had a question about is, 514 00:29:33.440 --> 00:29:36.320 we were talking about people that have designed something 515 00:29:36.320 --> 00:29:41.320 and they've got it registered and stuff. 516 00:29:41.320 --> 00:29:42.880 But somebody that was an engineer 517 00:29:42.880 --> 00:29:44.400 that worked on this project, 518 00:29:45.360 --> 00:29:48.440 would they, when they're employed by this company, 519 00:29:48.440 --> 00:29:50.520 would there be some verbiage in there 520 00:29:50.520 --> 00:29:53.920 telling them that they have no rights to that or- 521 00:29:53.920 --> 00:29:56.560 Great question, great question. 522 00:29:56.560 --> 00:29:59.880 Is there a contract that you offer people 523 00:29:59.880 --> 00:30:00.720 when you- 524 00:30:00.000 --> 00:30:03.400 to do your IP intellectual property thing as well? 525 00:30:03.400 --> 00:30:05.480 The answer is yes. 526 00:30:05.480 --> 00:30:08.480 So what you're asking, it's funny. 527 00:30:08.480 --> 00:30:10.720 Anthony, you're ready for this, honestly, 528 00:30:10.720 --> 00:30:13.040 because the questions that you're asking 529 00:30:13.040 --> 00:30:15.440 are the caliber of questions that people 530 00:30:15.440 --> 00:30:17.720 ask in the protection portal. 531 00:30:17.720 --> 00:30:20.240 People ask, all right, I've got this meeting here. 532 00:30:20.240 --> 00:30:21.960 Is there a nondisclosure agreement? 533 00:30:21.960 --> 00:30:23.240 And then I say, well, hold it. 534 00:30:23.240 --> 00:30:24.840 It's not just an NDA issue. 535 00:30:24.840 --> 00:30:27.320 You're meeting with this person, and your concern 536 00:30:27.320 --> 00:30:29.160 is that they're going to compete against you. 537 00:30:29.600 --> 00:30:31.440 Are they going to copy your stuff? 538 00:30:31.440 --> 00:30:32.920 So you don't need just an NDA. 539 00:30:32.920 --> 00:30:36.520 You need an NDA and an NCA, which is non-compete. 540 00:30:36.520 --> 00:30:39.480 So there's all these things, these practical real 541 00:30:39.480 --> 00:30:45.080 application business things that we go into in that package, 542 00:30:45.080 --> 00:30:48.120 not only in the audit, but then in the protection portal, 543 00:30:48.120 --> 00:30:49.920 we cover all this stuff. 544 00:30:49.920 --> 00:30:52.960 So in your situation, we actually 545 00:30:52.960 --> 00:30:55.560 covered what you're talking about. 546 00:30:55.560 --> 00:30:56.600 When's our next portal? 547 00:30:56.600 --> 00:30:59.160 Just so you know, the next portal is, 548 00:30:59.160 --> 00:31:01.040 the next meeting is the 14th. 549 00:31:01.040 --> 00:31:04.520 It's always the second Wednesday of the month. 550 00:31:04.520 --> 00:31:06.360 So the next one is the 14th. 551 00:31:06.360 --> 00:31:07.800 And it's recorded as well. 552 00:31:07.800 --> 00:31:11.560 But we actually answered this question 553 00:31:11.560 --> 00:31:12.800 because somebody asked this. 554 00:31:12.800 --> 00:31:17.480 So the way it works is, when you hire somebody, 555 00:31:17.480 --> 00:31:20.800 there may be an employee agreement. 556 00:31:20.800 --> 00:31:22.800 You've got to look at those employee agreements. 557 00:31:22.800 --> 00:31:24.600 Most people just sign those things as statics 558 00:31:24.600 --> 00:31:26.160 that they got a job. 559 00:31:26.160 --> 00:31:27.400 They're like, oh, I got a job. 560 00:31:27.400 --> 00:31:28.040 This is great. 561 00:31:28.040 --> 00:31:29.360 They sign over. 562 00:31:29.360 --> 00:31:34.160 But what the majority of these smart companies are doing, 563 00:31:34.160 --> 00:31:37.280 and I know Anders knows this, a lot of these smart companies, 564 00:31:37.280 --> 00:31:40.240 what they're doing is they have an employee agreement. 565 00:31:40.240 --> 00:31:42.120 And the employee agreement says that anything 566 00:31:42.120 --> 00:31:44.320 that you create on their premises, 567 00:31:44.320 --> 00:31:46.560 using their equipment, during work, 568 00:31:46.560 --> 00:31:50.320 or even outside of work, if it's related to the work 569 00:31:50.320 --> 00:31:54.400 that you're doing for them, they own it. 570 00:31:54.400 --> 00:31:56.320 It says it in the employee agreement. 571 00:31:56.320 --> 00:32:00.280 It's on page 20-something, but it's in there. 572 00:32:00.280 --> 00:32:02.760 And so you've got to think, if you're 573 00:32:02.760 --> 00:32:04.400 going to work for a company, especially 574 00:32:04.400 --> 00:32:06.600 as an engineer, software engineer, 575 00:32:06.600 --> 00:32:09.720 or an engineer in general, the reason why you're hired 576 00:32:09.720 --> 00:32:13.000 is for your creativity, like how brilliant you are 577 00:32:13.000 --> 00:32:15.000 in coming up with new ideas. 578 00:32:15.000 --> 00:32:16.720 And so you get hired. 579 00:32:16.720 --> 00:32:18.080 You sign an employee agreement. 580 00:32:18.080 --> 00:32:20.240 Now everything related to what you're 581 00:32:20.240 --> 00:32:24.040 doing for them in business, they own. 582 00:32:24.040 --> 00:32:28.680 Well, what happens if you've already, yes, yes. 583 00:32:28.680 --> 00:32:30.280 You see what Michelle just wrote? 584 00:32:30.280 --> 00:32:31.960 Work at home loopholes. 585 00:32:31.960 --> 00:32:33.240 Yes. 586 00:32:33.240 --> 00:32:35.960 That right there is one of the biggest issues 587 00:32:35.960 --> 00:32:39.160 that happen once COVID hit. 588 00:32:39.160 --> 00:32:41.560 People are working from home, no longer 589 00:32:41.560 --> 00:32:43.880 within the business environment. 590 00:32:43.880 --> 00:32:49.000 So now the home becomes considered the work environment. 591 00:32:49.000 --> 00:32:50.280 Guys, think about this stuff. 592 00:32:50.280 --> 00:32:53.240 And this is why the protection portal is so important, guys, 593 00:32:53.240 --> 00:32:56.360 because we go through all these scenarios. 594 00:32:56.360 --> 00:32:58.680 This is such a big deal. 595 00:32:58.680 --> 00:33:02.040 If now the general analysis has gone 596 00:33:02.040 --> 00:33:05.760 from being in the office away from your home 597 00:33:05.760 --> 00:33:11.280 to your home actually being considered the office, well, 598 00:33:11.280 --> 00:33:14.080 what if you're doing further development on the technology 599 00:33:14.080 --> 00:33:18.680 or further development on the invention at home as a hobby, 600 00:33:18.680 --> 00:33:20.520 and you come up with something new? 601 00:33:20.520 --> 00:33:22.600 The employee agreement may specifically 602 00:33:22.600 --> 00:33:26.240 say that that now belongs to your employer. 603 00:33:26.240 --> 00:33:27.840 What? 604 00:33:27.840 --> 00:33:29.840 Hold on. 605 00:33:29.840 --> 00:33:31.000 I mean, think about this. 606 00:33:31.000 --> 00:33:34.640 This is a really big deal, because imagine 607 00:33:34.640 --> 00:33:36.560 that the reason why you got hired 608 00:33:36.560 --> 00:33:39.680 was because of your skill set in a specific area, 609 00:33:39.680 --> 00:33:41.760 and you had been doing work in this 610 00:33:41.760 --> 00:33:44.200 and developing that already. 611 00:33:44.200 --> 00:33:46.600 Then you get hired by the company, 612 00:33:46.600 --> 00:33:49.520 and they've given you a good chunk of change. 613 00:33:49.520 --> 00:33:51.840 And they're saying anything that you create belongs to us. 614 00:33:55.800 --> 00:33:58.160 Guys, I'm not making this stuff up. 615 00:33:58.160 --> 00:34:03.320 I get hired to legally help people out of these scenarios. 616 00:34:03.320 --> 00:34:07.280 This is happening now. 617 00:34:07.280 --> 00:34:11.400 So from the side of being an employee, 618 00:34:11.400 --> 00:34:15.120 make sure you read your employee agreements. 619 00:34:15.120 --> 00:34:18.600 But then even on the side of an employer, 620 00:34:18.600 --> 00:34:20.880 if you want to make sure that everything that's created 621 00:34:20.880 --> 00:34:23.440 that's related to your company belongs to you, 622 00:34:23.440 --> 00:34:26.679 make sure you put it in your agreements. 623 00:34:26.679 --> 00:34:28.440 Your agreements just specifically 624 00:34:28.440 --> 00:34:32.560 say everything that's created in this company 625 00:34:32.560 --> 00:34:37.320 or related to this technology by this employee, 626 00:34:37.320 --> 00:34:39.000 we actually own. 627 00:34:39.000 --> 00:34:41.320 Then it's up to the employee to recognize it. 628 00:34:41.320 --> 00:34:43.000 And I'm telling you, like 80% of them 629 00:34:43.000 --> 00:34:48.159 don't even know, because they're not reading the agreement. 630 00:34:48.159 --> 00:34:49.520 I had a situation. 631 00:34:49.520 --> 00:34:52.480 It was about seven months ago. 632 00:34:52.480 --> 00:34:54.719 Get a call from a gentleman. 633 00:34:54.719 --> 00:34:59.440 Gentleman was in the area of creating software for. 634 00:35:00.720 --> 00:35:03.320 online betting, right? 635 00:35:03.320 --> 00:35:06.680 Big industry, lots of money in this industry. 636 00:35:06.680 --> 00:35:10.040 Created a software package for online betting. 637 00:35:10.040 --> 00:35:12.600 His friend, guys, I'm not making this up. 638 00:35:12.600 --> 00:35:17.600 His friend owned a corporation, reached out to him, 639 00:35:17.680 --> 00:35:20.680 found out about the software, said, you know what? 640 00:35:20.680 --> 00:35:23.800 We would love for you to work here 641 00:35:23.800 --> 00:35:28.440 and actually be able to work on that software with you. 642 00:35:28.440 --> 00:35:31.880 He comes in, signs employee agreement, 643 00:35:31.880 --> 00:35:33.680 starts working with the company. 644 00:35:34.720 --> 00:35:38.720 Long and short of it is the company filed a patent 645 00:35:39.760 --> 00:35:42.300 on the software that he created. 646 00:35:45.600 --> 00:35:47.920 The company, all right? 647 00:35:47.920 --> 00:35:49.400 Like this is a big deal. 648 00:35:49.400 --> 00:35:54.400 So now his entire like technological meaning 649 00:35:55.000 --> 00:35:58.560 for living essentially just got stolen 650 00:35:58.560 --> 00:36:01.500 by the company that he got hired to work for. 651 00:36:02.680 --> 00:36:04.360 And he reached out to me and he said, 652 00:36:04.360 --> 00:36:05.560 yeah, it is ugly, Tonya. 653 00:36:05.560 --> 00:36:08.220 And so he reached out to me and he says, 654 00:36:09.120 --> 00:36:12.200 man, what do I do? 655 00:36:12.200 --> 00:36:15.000 I said, well, there's a loophole. 656 00:36:15.000 --> 00:36:16.340 There's a loophole. 657 00:36:16.340 --> 00:36:18.400 And it's because I've been doing litigation 658 00:36:18.400 --> 00:36:19.320 for a very long time. 659 00:36:19.320 --> 00:36:21.240 So I know of different loopholes, 660 00:36:21.240 --> 00:36:23.160 but I said, here's the thing. 661 00:36:23.160 --> 00:36:25.040 They filed a patent for the software, 662 00:36:25.040 --> 00:36:26.200 but you're the creator, right? 663 00:36:26.200 --> 00:36:27.160 He says, yeah, I'm the creator. 664 00:36:27.160 --> 00:36:29.080 I said, well, then technically you legally have 665 00:36:29.080 --> 00:36:30.560 to be listed as an inventor. 666 00:36:31.740 --> 00:36:33.640 If they filed a patent application 667 00:36:34.680 --> 00:36:36.560 and they listed another party 668 00:36:36.560 --> 00:36:39.380 who actually was the president of that other company. 669 00:36:39.380 --> 00:36:41.160 And here's a hint, guys. 670 00:36:41.160 --> 00:36:45.840 Most presidents of corporations don't create Jack, all right? 671 00:36:45.840 --> 00:36:48.780 So if I'm ever trying to invalidate a patent, 672 00:36:48.780 --> 00:36:50.800 one of the first things I look for is, 673 00:36:50.800 --> 00:36:53.880 is the actual president of the big company 674 00:36:53.880 --> 00:36:56.200 listed on the patent as an inventor? 675 00:36:56.200 --> 00:36:58.120 If he or she is, I'm like, perfect. 676 00:36:58.120 --> 00:36:59.640 I'm halfway there. 677 00:36:59.640 --> 00:37:02.000 Halfway through invalidation, right there. 678 00:37:02.000 --> 00:37:04.760 Because chances are very low 679 00:37:04.760 --> 00:37:09.100 that this person actually had the time to create this thing. 680 00:37:09.100 --> 00:37:12.480 But in this case, president of the company is listed, 681 00:37:12.480 --> 00:37:15.740 who again, is this guy's friend. 682 00:37:15.740 --> 00:37:18.640 Guys, you can't make this stuff up. 683 00:37:18.640 --> 00:37:20.520 It's his friend. 684 00:37:21.120 --> 00:37:23.880 The friend is listed as the inventor. 685 00:37:23.880 --> 00:37:26.200 So I said, let's draft a letter to the company 686 00:37:26.200 --> 00:37:27.800 and say, look, you are an inventor 687 00:37:27.800 --> 00:37:28.960 and you're supposed to be listed 688 00:37:28.960 --> 00:37:30.780 as an inventor on the patent. 689 00:37:30.780 --> 00:37:32.600 If you're not listed as an inventor on the patent, 690 00:37:32.600 --> 00:37:34.400 we're gonna challenge the patent, 691 00:37:34.400 --> 00:37:36.640 saying the inventorship is inaccurate. 692 00:37:36.640 --> 00:37:38.660 And anytime inventorship is inaccurate, 693 00:37:38.660 --> 00:37:41.720 you can invalidate the patent, right? 694 00:37:41.720 --> 00:37:44.920 Because the inventorship has to be 100% accurate. 695 00:37:44.920 --> 00:37:47.000 And then I would argue that they committed fraud 696 00:37:47.000 --> 00:37:47.920 on the patent office 697 00:37:47.920 --> 00:37:50.400 because they knew who the original inventor was. 698 00:37:51.240 --> 00:37:52.120 And when you file a patent application, 699 00:37:52.120 --> 00:37:54.440 you have to sign a declaration that says that 700 00:37:54.440 --> 00:37:57.400 you believe that blah, blah, blah is the inventor. 701 00:37:58.520 --> 00:38:01.700 So that means they committed a federal offense, 702 00:38:02.600 --> 00:38:05.360 which is, you can get jail time for that. 703 00:38:05.360 --> 00:38:07.040 I don't know too many people that are going to jail 704 00:38:07.040 --> 00:38:09.320 for patent issues, but anyways, 705 00:38:09.320 --> 00:38:10.880 you can get jail time for that. 706 00:38:11.800 --> 00:38:13.400 And there's no limit on that, right? 707 00:38:13.400 --> 00:38:15.160 And if somebody has done a patent, 708 00:38:15.160 --> 00:38:16.360 you can go back years and say, 709 00:38:16.360 --> 00:38:18.840 well, I'm actually the creator and they've done it falsely. 710 00:38:18.840 --> 00:38:20.480 Yes, yes. 711 00:38:20.480 --> 00:38:23.520 But, but, but there is a thing called, 712 00:38:23.520 --> 00:38:25.920 and again, guys, this is why you wanna, 713 00:38:25.920 --> 00:38:27.600 why you wanna be in the protection portal 714 00:38:27.600 --> 00:38:28.860 and take this package. 715 00:38:28.860 --> 00:38:32.320 There's another exception to the rule, right? 716 00:38:32.320 --> 00:38:34.420 And you guys wouldn't even know this thing exists, 717 00:38:34.420 --> 00:38:36.080 except you're here. 718 00:38:36.080 --> 00:38:38.720 This other exception to the rule is called laches. 719 00:38:39.760 --> 00:38:42.960 The way laches works is if you actually have an infringement 720 00:38:42.960 --> 00:38:44.080 or there's some kind of issue 721 00:38:44.080 --> 00:38:46.360 and you sit back and do nothing about it 722 00:38:46.360 --> 00:38:49.840 for five to seven years or more, 723 00:38:49.840 --> 00:38:51.920 then you can't bring a case against the other party. 724 00:38:51.920 --> 00:38:53.120 It's over. 725 00:38:53.120 --> 00:38:55.500 So I'm telling you, when you get in there, Anthony, 726 00:38:55.500 --> 00:38:58.720 you'll see, we cover, we cover everything. 727 00:38:58.720 --> 00:39:01.840 And the reason why is because this isn't theoretical. 728 00:39:01.840 --> 00:39:05.080 These are people that actually are doing something. 729 00:39:05.080 --> 00:39:07.580 Like they're running, they're creating businesses 730 00:39:07.580 --> 00:39:09.160 or they're running businesses. 731 00:39:09.160 --> 00:39:11.840 And so they ask these kinds of questions and they're like, 732 00:39:11.840 --> 00:39:13.440 you know, well, what about the inventorship thing? 733 00:39:13.440 --> 00:39:14.720 Oh, well, employee agreement. 734 00:39:14.720 --> 00:39:16.720 Oh, well, even if you don't have the employee agreement, 735 00:39:16.720 --> 00:39:18.720 there's this thing under common law that actually says, 736 00:39:18.720 --> 00:39:20.480 was it created in the same place? 737 00:39:20.480 --> 00:39:22.460 Was it created during business hours? 738 00:39:22.460 --> 00:39:23.300 Were they paid for it? 739 00:39:23.300 --> 00:39:25.560 Was it using business equipment? 740 00:39:25.560 --> 00:39:28.080 That analysis has been done in the federal district court. 741 00:39:28.080 --> 00:39:31.560 And they came out and said, yep, it belongs to the company. 742 00:39:31.560 --> 00:39:33.600 Like, but you wouldn't know this stuff 743 00:39:33.600 --> 00:39:35.960 were it not being in that environment. 744 00:39:35.960 --> 00:39:38.960 And the beauty of it is as you're actually doing business, 745 00:39:38.960 --> 00:39:40.920 you're gonna come up with other stuff. 746 00:39:40.920 --> 00:39:43.520 I mean, every month people come up with really cool stuff 747 00:39:43.520 --> 00:39:46.080 and they're like, I've got this issue with an employee 748 00:39:46.080 --> 00:39:48.600 or I'm hiring, here's one, 749 00:39:48.600 --> 00:39:50.940 you guys probably have never heard of. 750 00:39:52.240 --> 00:39:54.960 If you hire somebody to do a software app for you. 751 00:39:58.400 --> 00:40:00.240 All right, this is a really big deal. 752 00:40:00.000 --> 00:40:03.180 If you hire somebody to create a software app for you, 753 00:40:03.180 --> 00:40:05.800 they might charge you $85,000 for it. 754 00:40:06.900 --> 00:40:08.440 You don't own the software app. 755 00:40:12.340 --> 00:40:15.200 You paid $85,000 for something you don't own. 756 00:40:17.800 --> 00:40:19.560 Guys, you can't make this stuff up. 757 00:40:21.360 --> 00:40:24.580 The creator of the software is the copyright owner. 758 00:40:24.580 --> 00:40:29.580 If you don't own the copyright, you don't own the software. 759 00:40:31.140 --> 00:40:36.140 You own a copy that's been licensed to you, all right? 760 00:40:37.900 --> 00:40:40.100 So, oh yeah, I don't know if you guys actually know that. 761 00:40:40.100 --> 00:40:43.020 I'm actually an electrical engineer as well. 762 00:40:43.020 --> 00:40:45.380 Yeah, my wife calls me a nerd 763 00:40:45.380 --> 00:40:46.980 and it doesn't actually hurt my feelings 764 00:40:46.980 --> 00:40:47.820 because I am a nerd. 765 00:40:47.820 --> 00:40:49.340 Like, I love this stuff. 766 00:40:49.340 --> 00:40:53.060 Like, you know, like if you're gonna have heart surgery, 767 00:40:53.060 --> 00:40:54.860 get somebody who actually knows everything about a heart, 768 00:40:54.860 --> 00:40:55.700 right? 769 00:40:55.700 --> 00:40:58.380 That's just kind of like, you know, get the right person. 770 00:40:58.380 --> 00:41:00.700 So, this is kind of, I love this stuff. 771 00:41:00.700 --> 00:41:01.980 It's a lot of fun for me. 772 00:41:01.980 --> 00:41:03.780 And I also don't like seeing people get in trouble, 773 00:41:03.780 --> 00:41:05.080 so I try to explain all this stuff. 774 00:41:05.080 --> 00:41:07.380 So, you're gonna get an app developed, 775 00:41:07.380 --> 00:41:10.060 $85,000 in the legal agreement. 776 00:41:10.060 --> 00:41:11.240 What do you do? 777 00:41:12.460 --> 00:41:13.940 What do you want to do? 778 00:41:13.940 --> 00:41:16.040 What language do you wanna make sure 779 00:41:16.040 --> 00:41:18.220 is in that legal agreement? 780 00:41:18.220 --> 00:41:20.120 Somebody unmute and tell me. 781 00:41:21.120 --> 00:41:23.600 Somebody besides Anders. 782 00:41:25.560 --> 00:41:27.360 Because I know Anders has done this. 783 00:41:28.480 --> 00:41:29.320 Michelle's got it there. 784 00:41:29.320 --> 00:41:30.160 And besides Ray. 785 00:41:31.920 --> 00:41:33.240 Who? 786 00:41:33.240 --> 00:41:35.040 Michelle's got it in there, I think. 787 00:41:35.040 --> 00:41:36.520 Oh, she's got it in there? 788 00:41:36.520 --> 00:41:39.520 Yes, get the right title and interest. 789 00:41:39.520 --> 00:41:41.200 Come on. 790 00:41:41.200 --> 00:41:43.200 So, well, well done. 791 00:41:43.200 --> 00:41:45.320 So, what you do is in that legal agreement 792 00:41:45.320 --> 00:41:46.760 that they're gonna send over for you, 793 00:41:46.760 --> 00:41:49.480 where they're saying, we want $85,000. 794 00:41:49.520 --> 00:41:51.200 And before, we're not gonna actually 795 00:41:51.200 --> 00:41:53.060 charge you $85,000 upfront. 796 00:41:53.060 --> 00:41:55.900 We're gonna charge you $20,000 for the first version. 797 00:41:55.900 --> 00:41:57.520 And then we're gonna charge you this amount 798 00:41:57.520 --> 00:41:58.400 for the next version. 799 00:41:58.400 --> 00:42:00.400 Then we write all that stuff. 800 00:42:00.400 --> 00:42:03.400 You make sure in that legal agreement it says, 801 00:42:03.400 --> 00:42:05.260 and guess what, software developer? 802 00:42:05.260 --> 00:42:08.960 You're going to assign all right title and interests 803 00:42:08.960 --> 00:42:13.040 for the original copyright to me or to my company. 804 00:42:13.040 --> 00:42:14.980 That is vital language, guys. 805 00:42:14.980 --> 00:42:16.520 Because if you don't, what's gonna happen 806 00:42:16.520 --> 00:42:18.100 is at the end of the year, 807 00:42:18.100 --> 00:42:20.980 they're gonna send you a bill for renewing the license, 808 00:42:21.940 --> 00:42:24.160 even though you paid $85,000. 809 00:42:25.180 --> 00:42:26.660 And you're gonna go, 810 00:42:26.660 --> 00:42:29.100 why the heck am I renewing something I own? 811 00:42:29.100 --> 00:42:30.620 That doesn't make sense. 812 00:42:30.620 --> 00:42:32.300 And they're gonna say, no, you don't own it. 813 00:42:32.300 --> 00:42:34.700 Look at the original agreement. 814 00:42:34.700 --> 00:42:36.300 You have a copy of it. 815 00:42:36.300 --> 00:42:37.700 And this is what happens. 816 00:42:37.700 --> 00:42:40.780 They now take that copy and they do some research 817 00:42:40.780 --> 00:42:42.620 to find out who your competitors are. 818 00:42:43.540 --> 00:42:45.940 Then they reach out to your competitor 819 00:42:45.940 --> 00:42:47.980 and they say, hey, competitor, 820 00:42:48.820 --> 00:42:51.580 I have a software program that does blah, blah, and blah. 821 00:42:51.580 --> 00:42:54.380 Would you like to purchase that for $50,000? 822 00:42:56.020 --> 00:42:58.780 Now all of a sudden your competitor has a software program 823 00:42:58.780 --> 00:43:01.100 that looks very similar to you. 824 00:43:01.100 --> 00:43:02.780 The only difference is they change 825 00:43:02.780 --> 00:43:04.720 the graphical user interface. 826 00:43:05.700 --> 00:43:08.300 All the programming in the background, 827 00:43:08.300 --> 00:43:11.580 all the functionality is exactly the same, 828 00:43:11.580 --> 00:43:13.380 but the graphical user interface, 829 00:43:13.380 --> 00:43:15.620 namely the way you interact with the software, 830 00:43:15.620 --> 00:43:18.820 either in the app or on a website has changed. 831 00:43:18.820 --> 00:43:21.720 So it looks different, but it's the same functionality. 832 00:43:22.780 --> 00:43:26.220 And they're making like one and a half 833 00:43:26.220 --> 00:43:29.300 to one and three quarters of the cost. 834 00:43:29.300 --> 00:43:32.220 And you still don't own the software. 835 00:43:32.220 --> 00:43:35.180 Like this is how the business world works, guys. 836 00:43:37.060 --> 00:43:38.060 Yeah, Rae, go ahead. 837 00:43:39.220 --> 00:43:41.460 If you could just reiterate now that you explained 838 00:43:41.460 --> 00:43:44.500 rights, titles, and interest ownership, 839 00:43:44.500 --> 00:43:46.980 now how that associates to licensing. 840 00:43:46.980 --> 00:43:48.820 I think I'm going over it one more time 841 00:43:48.820 --> 00:43:51.620 because licensing has come up a couple of times here 842 00:43:51.620 --> 00:43:52.820 and then once in the challenge. 843 00:43:52.820 --> 00:43:55.020 So I think just kind of clarifying the difference 844 00:43:55.020 --> 00:43:59.780 of licensing after you have the rights, the ownership. 845 00:43:59.780 --> 00:44:03.300 All right, so basically if you own something, 846 00:44:03.300 --> 00:44:05.460 let's say you outright own it, right? 847 00:44:05.460 --> 00:44:07.540 You can't license something. 848 00:44:07.540 --> 00:44:09.580 If you get a non-exclusive license or something, 849 00:44:09.580 --> 00:44:11.980 and we go into this in deeper detail, guys, 850 00:44:11.980 --> 00:44:15.340 and with that package, you'll be in the protection portal. 851 00:44:15.340 --> 00:44:17.900 That's where we go in very deep detail on this. 852 00:44:17.900 --> 00:44:20.380 I'm giving you like top level stuff. 853 00:44:20.380 --> 00:44:23.260 Like you guys are getting a lot, honestly. 854 00:44:23.260 --> 00:44:27.500 But the way that it works is that you cannot license 855 00:44:27.500 --> 00:44:29.100 a right that you don't have. 856 00:44:30.420 --> 00:44:33.740 Okay, you have to have a right. 857 00:44:33.740 --> 00:44:36.140 Then you can license either that same right 858 00:44:36.140 --> 00:44:37.940 or less than that right. 859 00:44:37.940 --> 00:44:41.220 Okay, so if I don't own my neighbor's house, 860 00:44:41.700 --> 00:44:42.900 even though I like Alina 861 00:44:42.900 --> 00:44:45.500 and I think Alina has the best smile ever, 862 00:44:45.500 --> 00:44:47.700 I can say, hey, Alina, 863 00:44:47.700 --> 00:44:52.700 I wanna license you my neighbor's house for $1,500 a month. 864 00:44:52.780 --> 00:44:54.580 And you're like, wow, that house is really nice. 865 00:44:54.580 --> 00:44:56.140 Yeah, I'll take it. 866 00:44:56.140 --> 00:44:57.540 It was like, you go knocking on the door, 867 00:44:57.540 --> 00:44:59.220 they're gonna be like, who are you? 868 00:44:59.220 --> 00:45:00.420 You can't come in here. 869 00:45:00.000 --> 00:45:00.840 Hey, get out of here. 870 00:45:00.840 --> 00:45:02.600 I don't care how nice your smile is, get out. 871 00:45:02.600 --> 00:45:03.800 You know, it's not happening. 872 00:45:03.800 --> 00:45:07.520 So you can't license a right that you don't have. 873 00:45:07.520 --> 00:45:11.400 But if you do own all right tied on interest to something, 874 00:45:11.400 --> 00:45:13.920 like let's say you own a patent or you own a trademark 875 00:45:13.920 --> 00:45:17.760 or you own a copyright, you can license those rights 876 00:45:17.760 --> 00:45:20.360 and you can license it in different ways. 877 00:45:20.360 --> 00:45:23.440 What licensing does is it gives you a revenue stream. 878 00:45:24.320 --> 00:45:28.480 Okay, it can give you money back or you can do a thing, 879 00:45:28.480 --> 00:45:30.240 I'm going way too deep, Ray. 880 00:45:30.240 --> 00:45:31.320 This is way too deep. 881 00:45:31.320 --> 00:45:33.480 Like, I don't want people to get lost. 882 00:45:33.480 --> 00:45:34.320 You're right. 883 00:45:34.320 --> 00:45:38.040 Again, this is stuff that we cover in the package, right? 884 00:45:38.040 --> 00:45:39.800 But there's, I'll tell you one other thing. 885 00:45:39.800 --> 00:45:42.240 There's this thing called cross licensing 886 00:45:42.240 --> 00:45:45.080 where somebody else has a patent and you have a patent. 887 00:45:45.080 --> 00:45:46.880 You license to them, they license to you 888 00:45:46.880 --> 00:45:49.080 and you pay no money out of pocket. 889 00:45:49.080 --> 00:45:50.920 That's a really powerful way to enter 890 00:45:50.920 --> 00:45:54.880 into a business sector where somebody else 891 00:45:54.880 --> 00:45:58.160 is already in that sector and you just wanna enter in. 892 00:45:58.840 --> 00:46:00.480 You're swapping, you're swapping legal rights. 893 00:46:00.480 --> 00:46:02.640 You know, you're like, it's like back in the day 894 00:46:02.640 --> 00:46:04.440 we would swap baseball cards, right? 895 00:46:04.440 --> 00:46:07.560 We'd be like, hey, I got a Reggie Jackson rookie card 896 00:46:07.560 --> 00:46:10.040 and they got a Don Mattingly and I'd be like, all right 897 00:46:10.040 --> 00:46:11.720 I'll swap you this one for that one, right? 898 00:46:11.720 --> 00:46:14.520 That's a swap called cross licensing. 899 00:46:14.520 --> 00:46:17.400 So the way licensing works is I have a legal right. 900 00:46:17.400 --> 00:46:19.920 I wanna give certain rights to another party. 901 00:46:19.920 --> 00:46:21.720 I wanna make money for that 902 00:46:21.720 --> 00:46:24.840 or I wanna get certain legal rights to something for that. 903 00:46:24.840 --> 00:46:27.360 So I give them a non-exclusive license 904 00:46:27.360 --> 00:46:30.240 but I own all right title and interest. 905 00:46:30.240 --> 00:46:33.280 If I assign all right title and interest to another party 906 00:46:33.280 --> 00:46:34.640 I have nothing left. 907 00:46:35.640 --> 00:46:37.240 If I assign my house 908 00:46:37.240 --> 00:46:40.160 and I give all right title and interest over to Ray Carter, 909 00:46:41.720 --> 00:46:43.360 number one, she's very happy. 910 00:46:43.360 --> 00:46:47.880 But number two, it's, yeah, I know, right? 911 00:46:47.880 --> 00:46:49.280 Yeah, yeah, yeah, come on. 912 00:46:49.280 --> 00:46:54.280 But number two, I have nothing left, it's gone. 913 00:46:54.400 --> 00:46:55.240 It's gone. 914 00:46:56.160 --> 00:46:59.240 Now there are, again, in the protection portal 915 00:46:59.240 --> 00:47:01.200 and in the foundations and IP package 916 00:47:01.200 --> 00:47:04.760 we'll go into deeper things like you can license out 917 00:47:04.760 --> 00:47:06.520 and you can maintain an internal 918 00:47:06.520 --> 00:47:08.560 like non-exclusive license for yourself. 919 00:47:08.560 --> 00:47:11.040 Like there's ways around the system 920 00:47:11.040 --> 00:47:12.600 that I train you guys in. 921 00:47:12.600 --> 00:47:15.600 Basically what happens is you guys tell me your scenarios 922 00:47:15.600 --> 00:47:17.400 and you're like, hey, I'm thinking of doing this 923 00:47:17.400 --> 00:47:20.520 with my business, what do I need to worry about? 924 00:47:20.520 --> 00:47:22.560 Boom, we go in and we dive 925 00:47:22.600 --> 00:47:24.240 and we come out with the whole scenario 926 00:47:24.240 --> 00:47:25.560 and I break it all down. 927 00:47:25.560 --> 00:47:28.000 The beauty of what you guys are actually receiving 928 00:47:28.000 --> 00:47:30.520 through this foundations and IP thing is, 929 00:47:31.520 --> 00:47:33.000 I don't know if you guys actually know this 930 00:47:33.000 --> 00:47:35.120 is that I'm a trademark attorney, 931 00:47:35.120 --> 00:47:38.360 I'm a copyright law attorney, I'm a patent law attorney, 932 00:47:38.360 --> 00:47:40.160 I'm a trade secret law attorney, 933 00:47:40.160 --> 00:47:43.760 I'm a global IP portfolio manager, a licensor. 934 00:47:43.760 --> 00:47:46.600 Like I do all this stuff and I'm a litigator. 935 00:47:46.600 --> 00:47:50.360 I've litigated in Texas, Massachusetts, New Hampshire, 936 00:47:50.360 --> 00:47:52.280 Connecticut, Florida 937 00:47:52.280 --> 00:47:54.880 and the Southern District of California, right? 938 00:47:54.880 --> 00:47:58.560 So the beauty of it is essentially it becomes a mentor. 939 00:47:58.560 --> 00:48:00.280 Somebody who is just gonna sit down with you 940 00:48:00.280 --> 00:48:03.520 and just hope that you don't do it wrong. 941 00:48:04.520 --> 00:48:05.880 I'm gonna use all these gifts 942 00:48:05.880 --> 00:48:08.320 to just make sure you do it right 943 00:48:08.320 --> 00:48:09.720 and you don't run into problems. 944 00:48:09.720 --> 00:48:12.520 It's, I take that upon myself. 945 00:48:12.520 --> 00:48:13.560 It's really important for me 946 00:48:13.560 --> 00:48:15.000 to make sure you guys are successful. 947 00:48:15.000 --> 00:48:18.560 So I think of all the issues that are related to your issue 948 00:48:18.560 --> 00:48:20.320 and I guide you on them. 949 00:48:21.080 --> 00:48:23.400 All right, with that, it is 9.40. 950 00:48:24.640 --> 00:48:27.000 Hold it, I have a not so deep question. 951 00:48:27.000 --> 00:48:29.360 How does copyright work with podcasts? 952 00:48:30.560 --> 00:48:33.600 Do you have to copyright every episode? 953 00:48:33.600 --> 00:48:36.400 All right, I'll answer that question before we close. 954 00:48:36.400 --> 00:48:37.800 The answer is yes. 955 00:48:37.800 --> 00:48:39.200 All right, see you guys tomorrow. 956 00:48:39.200 --> 00:48:40.600 It's really good seeing you. 957 00:48:43.440 --> 00:48:46.600 So podcasts are audio works. 958 00:48:46.600 --> 00:48:49.520 Audio works are protectable, okay? 959 00:48:49.520 --> 00:48:52.680 So yes, podcasts are protectable. 960 00:48:52.680 --> 00:48:56.000 Now, when you get into the package, 961 00:48:56.000 --> 00:48:57.400 what you'll see is that there's a way 962 00:48:57.400 --> 00:48:59.480 to actually file groups. 963 00:48:59.480 --> 00:49:01.680 You don't have to file everything one by one. 964 00:49:01.680 --> 00:49:04.520 With copyrights, you can file groups. 965 00:49:04.520 --> 00:49:06.520 There's this really unique way to, 966 00:49:06.520 --> 00:49:10.360 if the artist is the same or the author is the same 967 00:49:10.360 --> 00:49:11.720 and there's multiple works, 968 00:49:11.720 --> 00:49:15.640 you can sometimes file multiple works as one. 969 00:49:15.640 --> 00:49:18.000 There's things called compilations, there's other stuff. 970 00:49:18.000 --> 00:49:19.480 I'm gonna stop there. 971 00:49:20.240 --> 00:49:21.080 Yeah, yeah, I know. 972 00:49:21.080 --> 00:49:22.680 I just got pinged by two different people going, 973 00:49:22.680 --> 00:49:23.560 you're giving too much. 974 00:49:23.560 --> 00:49:24.800 You're right, I'll stop. 975 00:49:24.800 --> 00:49:28.080 So that's enough for today, all right? 976 00:49:29.080 --> 00:49:32.840 Trust me, guys, when you go into the Foundation for IP, 977 00:49:32.840 --> 00:49:35.160 you're gonna learn a lot 978 00:49:35.160 --> 00:49:36.440 and we're gonna make sure you do well. 979 00:49:36.440 --> 00:49:38.160 So I'm gonna stop there. 980 00:49:38.160 --> 00:49:39.320 Is this helping you guys? 981 00:49:39.320 --> 00:49:40.160 I'm just kind of curious. 982 00:49:40.160 --> 00:49:41.000 Is this helping you guys? 983 00:49:41.000 --> 00:49:42.000 Yes? 984 00:49:42.000 --> 00:49:42.840 All right, good. 985 00:49:42.840 --> 00:49:43.680 All right, good. 986 00:49:43.680 --> 00:49:45.080 We're gonna close there. 987 00:49:45.080 --> 00:49:45.960 Bless you guys. 988 00:49:45.960 --> 00:49:48.760 Have a wonderful evening. 989 00:49:48.800 --> 00:49:50.680 Tomorrow night, again, at midnight, 990 00:49:50.680 --> 00:49:52.920 the offer is closed, it's done. 991 00:49:52.920 --> 00:49:55.120 So I make it open during the week 992 00:49:55.120 --> 00:49:57.240 so you guys can talk to your spouses 993 00:49:57.240 --> 00:49:59.480 or your banks or whatever you gotta do. 994 00:49:59.480 --> 00:50:00.320 If you're trying. 995 00:50:00.000 --> 00:50:08.800 to do it in multiple installments. You can reach out to me directly. DM me or email me or whatever 996 00:50:08.800 --> 00:50:16.560 it is and we can discuss that. But take advantage of it because I've been told by my mentor that 997 00:50:16.560 --> 00:50:23.200 it's way too low. It needs to move up to $9.95 at least or $99.95. I'm not doing that immediately, 998 00:50:23.200 --> 00:50:28.480 but in any case, that's going to be coming up very soon. All right, my friends. Bless you guys. 999 00:50:28.480 --> 00:50:33.120 Have a wonderful evening. What is that? Oh, those are two different email addresses. 1000 00:50:35.600 --> 00:50:37.120 They can reach out to us if they have questions. 1001 00:50:37.120 --> 00:50:40.560 I thought it was like one mega long email address. I was like, what is that? 1002 00:50:41.360 --> 00:50:45.200 I'm going to go eat dinner and then I got to catch up in my own law firm because 1003 00:50:45.200 --> 00:50:49.360 I actually take the week off from my own firm in the meantime, but clients don't stop. So 1004 00:50:49.360 --> 00:50:52.560 have a great night, guys. I'll leave you with Larissa and Ray. Take care.