What example DID I USE in the LECTURE to describe Trade Mark? (this requires a one-word answer, no longer)

If you are renting a house, can you install a pool? What law states whether you can do this or not?

When you put in a dvd or blue ray, you get a warning that you aren't allowed to copy it and or sell it. if you do it, which law are you breaking?

A DJ playing music in a park during a fair or party can play whatever music they want, without any fees. True or false and WHY?

What company did I mention when discussing Patents?

If for the last three or four months, you do not pay your mortgage. The bank has the ability to put your house up for sale...what is this called?

Because the Government actually owns all the land in Ontario, what kind of tax do you have to pay if you transfer the ownership in your name?

I have the right to what's called the bundle of rights. Now what is the bundle of rights and the right to use it as as I please? Long as I'm not breaking the law, I have the right to possess it and keep people out who don't belong here. Have the right to transfer it. If I wanted to, meaning I could will it away, I could give it away. I have the right to encumber it, which was I have the right to take loans on this new property. I want to and have the right to enjoy it. I also have the right to enjoy it long as Im on the paper on this title. I have the bundle of rights under the freehold estate. Cool. I'l let's get more specific. Under the umbrella of freehold estate, I wanna go straight to a sub category which is fee simple ownership. I'm gonna call it fee simple. Absolute now fee. Simple absolute means I own it. I could pin it any damn color I want, and Fm a Prince fan. I love the music of Prince, who loved The Color Purple, and I want to pay all the walls purple. I could do so. It's my right to do so under fee simple ownership or fee. Simple absolute. I absolutely own it. I could do what I want with it. I have the rights of bundle of rights, the bundle of rights. That's beautiful. When you appointed as fee simple ownership or fee simple absolute, there are no conditions. I own it for good and I have the right to again I have to write to give it away. I have the right to will it away. I have the right to do whatever the hell I want with it when it comes to ownership, that's the most power when it comes to ownership. Fee. Simple absolute. Now there are other ways to own property. You know you'll have one that's called simple defeasible complete different story. Fine or fee simple. A life. Estate. So does not validate or confirm ownership. That's the important part of the registry system and why it's being phased out. Blend title system guarantees the accuracy of the title to the land. Taxes, taxes and more taxes. The government has their hands everywhere. So really, the government owns all the land and if you purchase a property, you must pay the transfer of the government transferring the property to you. It's just a tax, right? So it's called a land transfer tax and it can be pretty significant like 15% of the value of the property, which is a lot. I should know. No, no, no, sorry, scratch that. It can be as much as $15,000. OK, for a land transfer tax? Use of the real property. You cannot just turn your property into a a into a store that has delivery trucks. etcetera. When there are laws controlling that in that in that area. So you you have to apply for building permits if you want to put another section on top of your house, right? You want to build a second floor. You've got to you've you've got to acquire building permits before starting construction. Many people have not done that and they've had to. Remove at their own expense, all kinds of improvements to their house because they didn't get a permit. So a mortgage, of course, is debt, and it uses the real estate as security. You don't pay, they take it back. Power of sale is interesting, a remedy available to the lender. So the bank right has this ability under a mortgage, allowing the sale of the property in case of default. So if you for the last. Three or four months, do not pay your mortgage. The bank has the ability to put your house up for power of sale. You get kicked out and the bank seils it to get their money back. OK. And part of that also is foreclosure is the it's the court action, right where the bank it gets the title to the property from the borrower because they were in default. A lease contract, something that many of you are familiar with, a contract setting out There's a few different parts 2 property law there is. Actual property like a house or a car. There is personal property like stuff in your house that's not attached to the house. A TV, for example, and intellectual property law, which is the ideas? The copyrights the you know whenever you turn on a whatever you flip on a blue ray, you'll see this big warning, right not to copy copyright copyright. So let's first take a look at a property law. This this little video does a pretty good job and a couple of minutes of explaining what property law is. In this video, we will introduce property law. One way to understand property law is to view it as people's rights concerning things. There are three major types of property rights, including real property, personal property and intellectual property, real property law concerns peoples rights with respect to land and everything attached to the land. Personal property usually refers to property not attached to land and intellectual property concerns peoples rights to their inventions and other creative efforts. Let's take a look at what we mean by rights concerning things, and we'll say Ali buys a house now. Buying this property gives Ollie a number of rights concerning the House and the land of the House is on. For example, Ollie probably has a right to put a swimming pool on the land. He probably has the right to exclude people from the property and he should have the right to sell the land in the house if he wants. But Alli doesn't have unlimited rights. By way of example, Ali won't have the right to turn his house into a zoo. So it's helpful to understand one person's rights to property in relation to other people's rights. Let's say Ali decides to allow Tom to stay in his house as a tenant. Now Tom has the right to stay in the house and he may have the right to use certain things within the House. OK, so you can, uh, sell your house, you can will it to someone through your estate, you can give it to someone. You can borrow money. Umm. And use that land as security. You could lease it. But again, you can't do anything that's illegai. You could knock down a wall. You can do anything you want, but you're not allowed to have a farm on your property, right that you you can't just do that. You have to get now. Lots of lots of permission as as that's a very specific thing with a lot of regulations. A fee simple interest includes the right to use or occupy the land based on ownership or to grant someone the right to property. All land is owned by the government and is referred to as proud land. So let's go back to fee simple ownership for a second. Hello everybody. Thanks for coming to this week's video blog. My name. Robert Rico hope you're having a fantastic day. I'm having a pretty good one myself. Here, but listen today I wanna clarify and explain to you what a fee simple estate is. A fee. Simple estate sounds confusing. Let me clear it up for you stay true for this one. We have a question from one of our subscribers is name is Marco Cavallo and Mr Marco Carballo wants to know what is fee simple ownership fee, simple ownership ready. Becomes the civil ownership. I want you to think of this. I want you to think of a freehold estate and you listen to that word, freehold, the freehold estate. How do you hold it? You hold it freely. How do you hold it? You hold it freely, so that means that you have this property and you can do whatever you want with it how you want with it while you own it in the present with me while I have the rights to this property under Freeholder state, I get the paint it I get to do whatever I wanna tear that wall down. I can do whatever the hell I want with it. Completely different story, but when it comes to fee simple ownership, absolute fee, simple. Absolute damn, that's the best you can get. You have the right to do what you want when you want how you want lunch, not breaking the law. Man, you have the right to what? Yeah, the bundle of rights. You got it. Hope this helps you out. Nice and simple. Fee. Simple estate fee. Simple absolute. You're the owner. You have the right to paint the colors you want. You have the right to modify the property if you want regarding the title and the deed, you have the right to give it away. You have to write to keep it, you have to write to will it? You have the right to gift it. You have the right to do whatever the hell you want with it. It's your price. The best way to hold property man of the substrate. Mr Markle, out there and listen, you all have a great. He's got quite a personality. Let's see here. Ohh right. So. Yeah, there is a system in Canada that. Registers every single property that's been sold. They used to use the registry system and now it's being converted to the land title system. Umm. The registry system was a system of land registration operated by the provincial governments. But it's very, very difficult to. Figure out if that land or property is not partially owned by somebody else. OK, that I a a deal wasn't structured properly and so somebody could technically own the the house, but it's not umm it's not on on record but someone could come and prove hey 35 years ago I owned this place and it was stolen from me or whatever they might actually own it. Even though you bought it, didn't paid for it. McDonald's had a patent on the Big Mac, and it was for 50 years. So no one else could duplicate the two Patty, three bun type sandwich for 50 years. Uh, that is just recently within the last find, 10 years it is, it is past and now other burger makers are allowed to create sandwiches that resembled the Big Mac. Patents can be also worth a lot of money if you have. If you have a really solid invention that that people want, right? So for example, BlackBerry, they used to be the King's of of the whole mobile industry, right? They were number one. Nobody else was even close. Tiny little company in Ontario. They ended up, you know, going. Bankrupt and out of business with their main business, but they still retained all of their patents, which in 2010 for granted just over 500 individual patents on their product. OK, so. Essentially what they do now is keep protecting their patents and suing different mobile companies for using their their patents. Right, you cannot use it without paying and so they're constantly in court fighting to protect their their rights. Right and. When they win and they almost always win, not only are they do a sum of money because they used it, now the company either has to pay them on an ongoing basis to use their patent, or it has to remove it from their from their product completely. Trade secrets, confidential information regarding a product or production process that has commercial value to the owner. Right. You're not allowed to give out the. Big back sauce secret right? Or know how somebody put something together. That's that's unique. I've spoken about this before. The non disclosure agreement. Umm, I had to sign this because of course being in a business, you know being in the same company for 20 years, you know all of their trade secrets, you know, all of the stuff that makes them special and has them up on their competition. So I wasn't allowed to go to a competing company for 10 years after I left the business and I had this non disclosure agreement. OK. So that's it for today folks. the terms and conditions for the rental of a property, fixed tenancy, a tendency that has a fixed beginning and ending date. Some of you may have that, and some of you may not. Periodic tendency is a tendency that renews automatically at the end of the relevant rental period. Provisions for the lease, so the right of the let me see to occupy and use the least premises without interference by the landlord. Right. They can't keep knocking on your door and saying do this, do this, do that. An owner may be able to sublet all or part of his lease premises to other people to cut expenses. A tenant can transfer the balance of the term under the under the lease agreement by assignment to another property, which means if you're still under contract, you can get someone else to take that contract over. Intellectual property. Copyrights, trademarks, patents, industrial design, trade secrets. All of this is very pop, very important for companies because. Umm, other people tried to steal right? Try to steal what was officially. Recognized as something done by another company. OK. So like we said before, I can't just open a a Disney Store and so Disney products without getting their permission, OK. And when I get their permission, I'm gonna have to pay them a certain fee because I'm using their trademarks. Right. And I'm using what they've copyrighted. You'll see trademarks all the time, and but you probably haven't recognized it, says TM. Let me let me show you real quick. Looking fun? Something here real quick. OK, so here's a perfect example of what I was talking about. You probably never noticed it before, and now now you"ll see it everywhere. There's our McDonald's trademark and TM right there, right? That is trademark. You can't use it unless you get permission. That's theirs, and it's worth a lot of money to have a trademark. Let me go back to tea