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THE NEXT BIG DREAM: Millions Will Compete & Millions Will Win...Millions

Mommy Millionaire

Kim Lavine has transformed the lives of millions through appearances on the Today Show, Rachel Ray, GMA, NBC, ABC, CNN, CNBC, FOX, NPR, Oprah & Friends & features in USA Today, Guideposts, Inc, Business Week, Entrepreneur, and Forbes, to name a few. Her startup bible MOMMY MILLIONAIRE was called by Publishers Weekly “A top-notch how-to guide on launching a business…a rare gem.”

Read more in the newly updated Platinum Version of MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book.

Price: $9.99 (Upon purchase you will immediately be redirected to download in EPUB, MOBI or PDF formats)

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Kim Lavine's Media Highlights
Kim Lavine's TV Highlights
Kim Lavine
Listen as I tell you a story, of history being made...

Kim is on a mission to inspire people to follow their dreams, empowering them with hope, honesty and faith.

Identified as America’s Expert on Inspirational Business Advice, Kim touches and inspires millions around the world through her appearances on The Today Show, Rachel Ray, Good Morning America, NBC & ABC news, CNN, CNBC, FOX, NPR, Oprah & Friends Radio Network, and features in USA Today, Country Living, Guideposts, Inc, Business Week, Entrepreneur, Women's World, and American Baby to name a few. Read More...

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Kim Lavine's Print Highlights
Friday
Feb272015

« Intellectual Property: I was going to go to the mat on this »

 

by Kim Lavine

Enough can’t be said about the value of IP to a company. Too many people don’t do enough to protect IP because they don’t understand that it is the most valuable asset that your company owns.

From the very beginning I had trademarks, copyrights and patents on just about every thought that ever came out of my head. Some of them were the property of Green Daisy, and some were not. The ones that were not were potentially lucrative.

I was going to go to the mat on this

One shareholder went so far as to say the deal was dead unless I ceded not only all of my current IP, but all of my future IP as well, whether it had anything to do with Green Daisy or not.

They Wanted to Kill the Deal

Their fear was that I would create some other new exciting concept and abandon Green Daisy in favor of it. In the heat of negotiation one solution was proposed: I get to keep all the revenues from the IP, but the corporation and its shareholders would hold the legal rights to it, including any copyrights and trademarks.

My attorney made a very good observation though. If you don’t own the car, don’t assume you get to drive it.

In this arrangement I would get to drive the car only at the pleasure of the board, over which I wasn’t guaranteed to have any control.

I wanted to kill the deal

This time I was killing the deal, though I worked it out it in a diplomatic way with an element of compromise by talking directly with Symphony Money.

I understood that they were afraid that as a very creative person I might be distracted from my job as President of Green Daisy by a new idea. They didn’t want to keep me from being creative, or from financially benefiting from it.

There were very technical legal considerations that prohibited them from bifurcating IP rights, so they agreed that Green Daisy would own the IP, and license me certain exclusive rights to it, which we negotiated.

An excerpt from MOMMY MILLIONAIRE

Read more in the newly updated Platinum Version MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book.

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