Hi everyone I’m JD Houvener and welcome to the bowl today’s show were you the inventor entrepreneur and business owner get your daily dose of inspiration to make the world a better place we’re here in our our five-part series this is day 2 we’re talking about how you can reach your dreams as the inventor and entrepreneur that you are I’m sure you’ve got these big goals and I’m so proud of you if you hit the challenge yesterday which was to clearly define yeah as much as you could about your invention right get really big down to detail we talked about one of my heroes Napoleon Ellen his definiteness of purpose idea that he launched in Think and Grow Rich so today you’re challenged to take it one stuff right you’re gonna mere needed to describe your goal your dream in terms of not this detail but environment ok doesn’t make you kind of powder of the box where you need to describe what it’s gonna feel like to achieve that goal I want you to write down the emotions you’re gonna feel right down the smells you’re gonna smell when you step into that new house or open the door of that new car or about that rose garden what’s that gonna feel like when you get there and you read your dream so write down if you can’t explore have fun with this with different types of responses in your environment of your goal make it as real as possible all right so we’re still talking about monetization right making money the part of reaching your dream in patan world so we talked yesterday about the peak tab which is one way to arbitrate and so through the P tab that’s one way you can get a judicial opinion on validity and that way you’re able to get a full different claim and get the right justice in the terms of infringement you can get royalties you can get decisions on all right sales and get damages from those outcomes do you can get those through the tab the separate body that was created by the American Invents Act you can go through shrouds which includes the federal court and that’s today’s topic is filing suit in federal court 35 USC Section 271 outlines what infringement means and it’s truly the opposite of what the patent rights give when pay patent rights give you the ability to exclude others from making using selling reporting it to the EBUS okay and so patent infringement is there for use making something or it bring with the permission so if you can prove that at a parties doing that especially if they were on notice you’re gonna need to go through the federal courts to be able to get the full authority and get that decision made in your favor and that can lead to quite a big royalty they damages much like it could in the pee tab the federal court is the traditional way of getting a resolution on infringement matter so as you’re going about your day getting your dream is more solidified and pouring the environment understand that patent laws and the way they’re structured especially with infringement as we just talked about they’re built to make sure the inventor gets with their own right all the hard work you fed on your invention the government is making that promise to you by putting that’s these types of statutes in order so that you can get that right information and get it protected and enforced at the right level I’m your host JD JD Houvener and thanks for tuning into the bone today’s show if you joy today’s lesson please give us a thumbs up on Facebook share it on Twitter or LinkedIn we’d love to hear your comments and any of your friends have a good day go big go bold
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