1 00:00:05,400 --> 00:00:06,320 Speaker 1: Welcome to the show. 2 00:00:06,480 --> 00:00:10,520 Speaker 2: I am Rashaan McDonald, the host of Money Making Conversations Masterclass, 3 00:00:10,720 --> 00:00:13,640 Speaker 2: where we encourage people to stop reading other people's success 4 00:00:13,680 --> 00:00:17,439 Speaker 2: stories and start planning their own. Listen up as I 5 00:00:17,560 --> 00:00:21,320 Speaker 2: interview entrepreneurs from around the country, talk to celebrities and 6 00:00:21,400 --> 00:00:24,200 Speaker 2: ask them how they are running their companies, and speak 7 00:00:24,239 --> 00:00:26,720 Speaker 2: with nod profits who are making a difference in their 8 00:00:26,800 --> 00:00:30,080 Speaker 2: local communities. Now, sit back and listen as we unlock 9 00:00:30,160 --> 00:00:32,280 Speaker 2: the secrets to their success. 10 00:00:31,880 --> 00:00:38,080 Speaker 3: On Money Making Conversations Masterclass. All right, this is Rashaan McDonald. 11 00:00:38,080 --> 00:00:41,800 Speaker 3: We're here another show. Just so happy. You know, in 12 00:00:41,800 --> 00:00:44,400 Speaker 3: the midyear, when you sit down, you start trying to 13 00:00:44,400 --> 00:00:46,080 Speaker 3: figure out what I'm gonna do on the second half 14 00:00:46,200 --> 00:00:49,080 Speaker 3: is called planning, called preparation, And that's why I do 15 00:00:49,200 --> 00:00:51,839 Speaker 3: this show to bring people on that can set the 16 00:00:51,840 --> 00:00:55,920 Speaker 3: stage or trigger information that you need to hear, or 17 00:00:56,400 --> 00:00:59,000 Speaker 3: engage you into a position that I didn't know that 18 00:00:59,480 --> 00:01:00,960 Speaker 3: I need to get I act together. I need to 19 00:01:00,960 --> 00:01:04,399 Speaker 3: start preparing for twenty twenty five. Can you believe that, Yes, 20 00:01:04,440 --> 00:01:07,039 Speaker 3: you should start preparing for twenty twenty five if you're 21 00:01:07,040 --> 00:01:10,920 Speaker 3: projecting a growth in your business, if you're projecting an 22 00:01:10,959 --> 00:01:13,959 Speaker 3: opportunity to generate revenue in your business. You have to 23 00:01:14,000 --> 00:01:17,120 Speaker 3: be thinking about twenty twenty five. Yes, I'm Rashan McDonald. 24 00:01:17,200 --> 00:01:21,160 Speaker 3: I host this weekly Money Making Conversation Masterclass show. The 25 00:01:21,280 --> 00:01:25,400 Speaker 3: interviews and information that this show provides really it's for everyone. 26 00:01:25,640 --> 00:01:28,120 Speaker 3: It's time to stop reading other people's success stories and 27 00:01:28,160 --> 00:01:30,120 Speaker 3: start living your own. If you want to be a 28 00:01:30,120 --> 00:01:34,960 Speaker 3: guest on my show, listen up. Please visit Moneymakingconversation dot com. 29 00:01:35,160 --> 00:01:38,400 Speaker 3: That's Moneymaking Conversation dot com and click the b A 30 00:01:38,440 --> 00:01:42,720 Speaker 3: guest button. That's right. It'll ask you for information and 31 00:01:42,760 --> 00:01:45,240 Speaker 3: guess what, I am the only person that reads that information. 32 00:01:45,720 --> 00:01:48,040 Speaker 3: I take it upon myself to book everybody on this 33 00:01:48,080 --> 00:01:49,840 Speaker 3: show because I want to get a sense of the 34 00:01:49,960 --> 00:01:52,520 Speaker 3: value you can bring as far as content to this show. 35 00:01:52,920 --> 00:01:55,760 Speaker 3: That is really I'm so excited. So many people are 36 00:01:55,800 --> 00:01:57,440 Speaker 3: just walking up to me. So many people are telling 37 00:01:57,480 --> 00:02:00,120 Speaker 3: me that they are being interviewed on the show, and 38 00:02:00,160 --> 00:02:02,520 Speaker 3: people are going to look at their products, go to 39 00:02:02,600 --> 00:02:07,040 Speaker 3: their places of business and being recognized by being interviewed 40 00:02:07,040 --> 00:02:08,720 Speaker 3: on Money Making Conversation Masterclass. 41 00:02:09,160 --> 00:02:10,600 Speaker 1: Get well, let's get this show rolling. 42 00:02:11,240 --> 00:02:13,800 Speaker 3: My guest has an eagle eye when it comes to 43 00:02:13,880 --> 00:02:17,480 Speaker 3: reviewing bad contracts. Don't sign a contract that can ruin 44 00:02:17,520 --> 00:02:20,519 Speaker 3: your dream. And she is a trademark registering and expert. 45 00:02:21,000 --> 00:02:24,480 Speaker 3: She has successfully integrated the demanding roles of wife, mother, 46 00:02:24,919 --> 00:02:29,520 Speaker 3: TV and film producer, writer, actress, playwright, and Arthur Please 47 00:02:29,560 --> 00:02:34,520 Speaker 3: welcome to the Money Making Conversation Masterclass America's favorite entertainment attorney, 48 00:02:35,040 --> 00:02:35,639 Speaker 3: Jayleen Mack. 49 00:02:35,760 --> 00:02:36,560 Speaker 1: How you doing, Jayleen? 50 00:02:37,800 --> 00:02:42,320 Speaker 4: Hey, hey, hey, wow for having me back. 51 00:02:43,160 --> 00:02:43,480 Speaker 1: Look at you. 52 00:02:44,160 --> 00:02:46,840 Speaker 3: I'm just happy you just came back from a con 53 00:02:46,960 --> 00:02:47,760 Speaker 3: film festival. 54 00:02:49,240 --> 00:02:54,240 Speaker 5: I was at CAD, I was at the ABFF, I 55 00:02:54,320 --> 00:02:55,160 Speaker 5: was at Essence. 56 00:02:57,560 --> 00:03:00,000 Speaker 1: So you being on my show is that a step down? 57 00:03:00,160 --> 00:03:03,120 Speaker 3: Because you just said can you said the Black Film 58 00:03:03,200 --> 00:03:07,680 Speaker 3: Festival at Miami. You said the Essence, the world's largest congoveration, 59 00:03:08,120 --> 00:03:11,480 Speaker 3: a gathering of black women and black people, or nearly 60 00:03:11,480 --> 00:03:14,080 Speaker 3: a half million people go down to that event annually. 61 00:03:14,440 --> 00:03:17,680 Speaker 3: That when they retired and said bye bye the Frankie, 62 00:03:17,680 --> 00:03:21,600 Speaker 3: Beverly and Mays at their final show. So now you 63 00:03:21,720 --> 00:03:24,280 Speaker 3: own money Making Conversation Massacres. Thank you very much for 64 00:03:24,320 --> 00:03:25,720 Speaker 3: your time. Thank you very much for your time. 65 00:03:26,680 --> 00:03:28,760 Speaker 5: Well, I really want to say thank you for having 66 00:03:28,880 --> 00:03:32,239 Speaker 5: little old me on your big old platform. 67 00:03:31,919 --> 00:03:32,400 Speaker 1: There you go. 68 00:03:32,639 --> 00:03:34,680 Speaker 3: Well, you know it's time to get down the business 69 00:03:34,800 --> 00:03:35,960 Speaker 3: of you of just personally. 70 00:03:36,000 --> 00:03:37,440 Speaker 1: They always tell you I have a. 71 00:03:37,440 --> 00:03:40,839 Speaker 3: Relationship with individuals who I bring on the show. From 72 00:03:40,840 --> 00:03:44,480 Speaker 3: a standpoint of my relationship with entertainment attorney Jayleen Mack, 73 00:03:44,760 --> 00:03:49,440 Speaker 3: she has personally handled all of my trademarks that I've 74 00:03:49,480 --> 00:03:53,280 Speaker 3: done throughout my managing of Stve Harvey and other clients 75 00:03:53,280 --> 00:03:54,080 Speaker 3: and business. 76 00:03:53,800 --> 00:03:54,840 Speaker 1: Associates I've had. 77 00:03:55,080 --> 00:03:57,520 Speaker 3: That relationship has been over at least twenty years, wouldn't 78 00:03:57,520 --> 00:03:58,600 Speaker 3: you say, Jayleen. 79 00:03:59,680 --> 00:04:05,560 Speaker 5: Yes, when did you open up hip hop? No? 80 00:04:05,440 --> 00:04:07,480 Speaker 3: No, no, I'm talking talking about I'm talking about legally 81 00:04:07,760 --> 00:04:08,440 Speaker 3: hip hop. 82 00:04:08,240 --> 00:04:10,880 Speaker 1: Was thirty two years. That's thirty two years. That's thirty 83 00:04:10,920 --> 00:04:11,280 Speaker 1: two years. 84 00:04:11,280 --> 00:04:13,680 Speaker 3: I'm talking about when you finally got out of college, 85 00:04:14,040 --> 00:04:16,160 Speaker 3: you know, put that plaque up. I'm being a I'm 86 00:04:16,200 --> 00:04:19,919 Speaker 3: a lawyer officially, all that good stuff. Then we started 87 00:04:19,960 --> 00:04:22,080 Speaker 3: coming to me with Sean, give me a shot, give 88 00:04:22,120 --> 00:04:23,920 Speaker 3: me a shot, I can do this, I can do this. 89 00:04:24,200 --> 00:04:26,680 Speaker 3: And I gave you your shot, and we've been I've 90 00:04:26,680 --> 00:04:30,200 Speaker 3: been turning you for registrations for my trademarks. And how 91 00:04:30,240 --> 00:04:32,159 Speaker 3: important is it just to do it right when it 92 00:04:32,200 --> 00:04:34,080 Speaker 3: comes to trademark and protecting your brand. 93 00:04:35,480 --> 00:04:38,359 Speaker 5: Yeah, but just to correct you, I started doing legal 94 00:04:38,400 --> 00:04:41,360 Speaker 5: work for you back then when you had hip hop. 95 00:04:42,320 --> 00:04:43,960 Speaker 5: I'm just trying to take you back. That's how old 96 00:04:44,000 --> 00:04:44,760 Speaker 5: you are, not me. 97 00:04:45,080 --> 00:04:47,840 Speaker 3: Oh okay, thank you, thank you very much. That's absolutely 98 00:04:47,880 --> 00:04:50,640 Speaker 3: because because like I said, the look everybody a little 99 00:04:50,720 --> 00:04:53,080 Speaker 3: history on me. In nineteen ninety two, I had a 100 00:04:53,120 --> 00:04:55,680 Speaker 3: comedy club called very popular comic club in Houston, Texas 101 00:04:55,760 --> 00:04:58,799 Speaker 3: called the Hip Hop Comedy Stop. Everybody played that club 102 00:04:59,040 --> 00:05:03,200 Speaker 3: and even the Beyonce and Destiny's Child performed at that club. 103 00:05:03,520 --> 00:05:05,080 Speaker 3: In fact, I brought them on stage one of the 104 00:05:05,240 --> 00:05:07,120 Speaker 3: very first performances with that club. 105 00:05:07,120 --> 00:05:08,880 Speaker 1: But it was a who's who of. 106 00:05:09,120 --> 00:05:12,680 Speaker 3: Comedy entertainment that came through there as well as celebrities 107 00:05:12,720 --> 00:05:16,880 Speaker 3: you know from you know, the Willie D's Scarface. Everybody 108 00:05:16,880 --> 00:05:19,880 Speaker 3: who's who who in the Houston market as well as 109 00:05:20,120 --> 00:05:22,760 Speaker 3: a tour through town dropped into that comedy club. And 110 00:05:22,800 --> 00:05:26,040 Speaker 3: that's why I met Jayleen and her friends. They really 111 00:05:26,040 --> 00:05:29,120 Speaker 3: were very instrumental in making my club a success and 112 00:05:29,200 --> 00:05:31,520 Speaker 3: keeping the doors open, as they say, keep the lights on. 113 00:05:32,120 --> 00:05:34,280 Speaker 3: And that relationship that's about a relationship. You know, you 114 00:05:34,600 --> 00:05:37,000 Speaker 3: developed something you don't know what is going to mean 115 00:05:37,600 --> 00:05:39,800 Speaker 3: five years or ten years from now. And now we're 116 00:05:39,839 --> 00:05:43,479 Speaker 3: on this show today talking about a career that is 117 00:05:43,520 --> 00:05:46,640 Speaker 3: basically international when it comes from your for your legal service, 118 00:05:46,680 --> 00:05:48,400 Speaker 3: Could you tell some of the people that you represent 119 00:05:48,520 --> 00:05:52,240 Speaker 3: now or contractually or can you say that on my show? 120 00:05:53,880 --> 00:05:57,839 Speaker 5: Well, I represent a lot of in the general scheme 121 00:05:57,839 --> 00:06:08,000 Speaker 5: of things, actors, producers, writers, directors, authors, playwrights, uh, film producers, 122 00:06:08,160 --> 00:06:13,920 Speaker 5: television producers as far as some clients that I've represented 123 00:06:13,960 --> 00:06:18,479 Speaker 5: that don't mind me saying, obviously, I've done legal work 124 00:06:18,560 --> 00:06:23,440 Speaker 5: for you Greg Carter, who's a filmmaker. I've done work 125 00:06:23,560 --> 00:06:30,839 Speaker 5: for Kim Barell, Steve Harvey. Uh, just really tons of people, 126 00:06:30,880 --> 00:06:31,719 Speaker 5: even athletes. 127 00:06:33,400 --> 00:06:36,120 Speaker 3: Now, when you when I called to Day about setting 128 00:06:36,160 --> 00:06:38,320 Speaker 3: up what this show is going to be about, and 129 00:06:38,360 --> 00:06:41,560 Speaker 3: you said, Rashan, I really want to talk about the lure. 130 00:06:41,680 --> 00:06:42,960 Speaker 1: Of the bad deal. 131 00:06:43,440 --> 00:06:47,960 Speaker 3: How people are will scam you, even from an entrepreneurial standpoint, 132 00:06:48,040 --> 00:06:51,279 Speaker 3: even from a film production standpoint, into how when you 133 00:06:51,320 --> 00:06:53,920 Speaker 3: say the lure of the bad deal, explain them all 134 00:06:53,960 --> 00:06:56,359 Speaker 3: these exactly what that is and how they can be 135 00:06:56,440 --> 00:06:57,000 Speaker 3: trapped by. 136 00:06:58,920 --> 00:07:02,880 Speaker 5: So, if you are a writer and you have a 137 00:07:02,920 --> 00:07:09,880 Speaker 5: script and you've been shopping for either a producer or 138 00:07:09,960 --> 00:07:15,480 Speaker 5: a financier, or you're a producer who has a script 139 00:07:16,480 --> 00:07:19,840 Speaker 5: and you've been shopping with a financier for some money. 140 00:07:19,800 --> 00:07:21,680 Speaker 4: To get your movie made. 141 00:07:22,040 --> 00:07:26,080 Speaker 5: Sometimes you'll come across people who are not in the 142 00:07:26,080 --> 00:07:30,920 Speaker 5: industry who want to be in the industry, or they 143 00:07:30,920 --> 00:07:34,880 Speaker 5: claim to be in the industry, but their credentials are 144 00:07:34,880 --> 00:07:37,560 Speaker 5: not quite up to par, and. 145 00:07:37,560 --> 00:07:39,280 Speaker 4: So they may represent. 146 00:07:38,840 --> 00:07:44,520 Speaker 5: That they have access to money or endless amounts of money, 147 00:07:45,400 --> 00:07:50,400 Speaker 5: and they entice that to have a conversation, right, And 148 00:07:50,920 --> 00:07:56,720 Speaker 5: sometimes it's about really the association of a project that 149 00:07:57,520 --> 00:07:59,680 Speaker 5: might put them on the map as opposed to the 150 00:07:59,720 --> 00:08:05,000 Speaker 5: other around. And I say that because I've seen money 151 00:08:05,040 --> 00:08:11,440 Speaker 5: people or alleged money people offer funding and it'll be 152 00:08:12,360 --> 00:08:15,800 Speaker 5: you know, it could be hundreds of thousands or millions 153 00:08:15,800 --> 00:08:20,840 Speaker 5: of dollars. But the more you dig, the more you 154 00:08:20,960 --> 00:08:25,400 Speaker 5: realize they can't show proof of funds, or the more 155 00:08:25,440 --> 00:08:31,480 Speaker 5: you dig you find out this person isn't legitimate because 156 00:08:32,040 --> 00:08:34,680 Speaker 5: this business is big, but it's small at the same time. 157 00:08:35,920 --> 00:08:39,640 Speaker 5: So if you ask enough question, or if you dig 158 00:08:39,679 --> 00:08:42,760 Speaker 5: and you see that the person you're dealing with doesn't 159 00:08:42,760 --> 00:08:46,800 Speaker 5: have a digital footprint. Right, you can't go to IMDb, 160 00:08:47,240 --> 00:08:49,079 Speaker 5: you can't go to LinkedIn to find anything. 161 00:08:50,080 --> 00:08:50,960 Speaker 4: Nothing out there. 162 00:08:51,720 --> 00:08:54,839 Speaker 5: Right, you might look up the name and the face 163 00:08:54,920 --> 00:09:01,079 Speaker 5: doesn't match, or their credentials herely are similar to some 164 00:09:01,200 --> 00:09:05,360 Speaker 5: executive right at Netflix or whatever. I've seen all of 165 00:09:05,400 --> 00:09:09,480 Speaker 5: that happen. But my point of identifying, just in a 166 00:09:09,520 --> 00:09:13,360 Speaker 5: general sense of people with a bad lure. 167 00:09:14,679 --> 00:09:22,480 Speaker 4: That ve vet due diligence is everything. I've seen it all. 168 00:09:22,920 --> 00:09:25,040 Speaker 3: You know when you do that, And I've been fortune 169 00:09:25,080 --> 00:09:28,240 Speaker 3: unfortunate and fortunate to see the good and the bad 170 00:09:28,280 --> 00:09:31,280 Speaker 3: of that. And it all comes down to people excitement. 171 00:09:31,360 --> 00:09:34,480 Speaker 3: They they always always tell people, don't get in this 172 00:09:34,640 --> 00:09:38,520 Speaker 3: business with the lottery mentality, meaning that moment that that 173 00:09:38,640 --> 00:09:41,240 Speaker 3: somebody's offered you is going to be the one, the 174 00:09:41,240 --> 00:09:43,600 Speaker 3: one that makes you a star, the one that gives 175 00:09:43,600 --> 00:09:46,040 Speaker 3: you a hit movie, the one that's gonna make you rich. 176 00:09:46,520 --> 00:09:49,880 Speaker 3: Is when you have that lottery mentality, is when you 177 00:09:49,960 --> 00:09:53,120 Speaker 3: fall victim to these type of scams on a regular basis. 178 00:09:53,160 --> 00:09:56,839 Speaker 3: Because somebody can pull up in a in a in 179 00:09:56,920 --> 00:10:00,200 Speaker 3: a rolls ross that could be rented. They can they 180 00:10:00,200 --> 00:10:02,840 Speaker 3: can walk you to a building until you they're gonna 181 00:10:02,840 --> 00:10:06,000 Speaker 3: shoot the movie here. May not even have a relationship 182 00:10:06,080 --> 00:10:08,560 Speaker 3: with that building. But because you and the rose Wars, 183 00:10:09,240 --> 00:10:12,679 Speaker 3: they've they've taken you to a nice restaurant and now 184 00:10:12,679 --> 00:10:15,080 Speaker 3: all of a sudden, now you now they're gonna tell 185 00:10:15,120 --> 00:10:18,000 Speaker 3: you they need a deposit. They're gonna need a deposit 186 00:10:18,679 --> 00:10:22,160 Speaker 3: from you. Now, Okay, they sold, they're supposed to supply 187 00:10:22,240 --> 00:10:25,199 Speaker 3: the funding that, but they're asking you for a deposit, 188 00:10:25,880 --> 00:10:27,440 Speaker 3: so they're gonna put it in. 189 00:10:27,480 --> 00:10:29,120 Speaker 1: They say xcro Escrow. 190 00:10:29,160 --> 00:10:31,440 Speaker 3: That Scrow's a dangerous turn because if you don't have 191 00:10:31,520 --> 00:10:35,280 Speaker 3: control of that signature on the escraw account, then gets 192 00:10:35,280 --> 00:10:38,320 Speaker 3: what they're gonna control the money. And so it's really 193 00:10:38,360 --> 00:10:41,480 Speaker 3: important that in this business. And I'm bringing an expert 194 00:10:41,679 --> 00:10:44,360 Speaker 3: like attorney Jayleen mack On here to let you know 195 00:10:44,440 --> 00:10:47,480 Speaker 3: that I can say that, but she can verify that 196 00:10:47,600 --> 00:10:48,160 Speaker 3: correct early. 197 00:10:49,760 --> 00:10:51,599 Speaker 4: Absolutely. I'm gonna tell you what I've seen as the 198 00:10:51,679 --> 00:10:54,000 Speaker 4: latest trend. Uh. 199 00:10:54,120 --> 00:11:00,520 Speaker 5: Some company represents themselves as a production company with relatedationships 200 00:11:00,559 --> 00:11:05,640 Speaker 5: to all the networks, and they'll say that their contact 201 00:11:06,160 --> 00:11:14,000 Speaker 5: at ABC Company wants to buy a particular script from 202 00:11:14,040 --> 00:11:20,080 Speaker 5: some producer. There's already a dollar amount. The script hasn't 203 00:11:20,120 --> 00:11:25,680 Speaker 5: been received by that executive nor read. But there's already 204 00:11:25,720 --> 00:11:30,400 Speaker 5: an offer on the table, and the middle company, the 205 00:11:30,440 --> 00:11:37,880 Speaker 5: production company, is telling this producer with the script that 206 00:11:38,679 --> 00:11:43,640 Speaker 5: you need to sign this contract attached us and. 207 00:11:47,880 --> 00:11:52,520 Speaker 4: We'll be able to close this deal for your right. 208 00:11:52,960 --> 00:11:57,120 Speaker 5: And they never put and never are all three parties 209 00:11:57,160 --> 00:12:00,000 Speaker 5: in one room, if that makes any sense to you. 210 00:12:00,040 --> 00:12:03,160 Speaker 3: Absolutely, you keep talking to the same person and they 211 00:12:03,240 --> 00:12:05,200 Speaker 3: keep talking to the other person that you never see. 212 00:12:06,280 --> 00:12:07,240 Speaker 4: That you never see. 213 00:12:07,800 --> 00:12:12,000 Speaker 5: And the way the contract reads, you have to assign 214 00:12:12,760 --> 00:12:19,040 Speaker 5: copyright to that script to that production company, which. 215 00:12:18,800 --> 00:12:21,160 Speaker 3: Means they now have rights to your project. Here that 216 00:12:21,360 --> 00:12:24,440 Speaker 3: clearly now what you don't ever want to do is 217 00:12:24,480 --> 00:12:27,000 Speaker 3: give away rights to your project, and so when you 218 00:12:27,040 --> 00:12:29,840 Speaker 3: try to get the rights back, you don't have rights anymore. 219 00:12:30,440 --> 00:12:34,480 Speaker 3: So your dream project, your dream idea, you know your 220 00:12:35,160 --> 00:12:37,280 Speaker 3: I've been working on this thing for fifteen, ten years. 221 00:12:37,320 --> 00:12:39,960 Speaker 3: Five years idea came to me a miracle of God, 222 00:12:40,040 --> 00:12:43,600 Speaker 3: moment told me to write this book. It's gone because 223 00:12:43,640 --> 00:12:45,680 Speaker 3: you've signed away your rights. And I'm gonna tell you something. 224 00:12:45,720 --> 00:12:48,560 Speaker 3: You can't get it back. You cannot get it back. 225 00:12:49,120 --> 00:12:52,400 Speaker 3: Those deals that they have you sign an iron clad 226 00:12:52,840 --> 00:12:55,000 Speaker 3: and that's why she's telling you. When I say she, 227 00:12:55,040 --> 00:12:57,920 Speaker 3: I'm talking to attorney Jayleen Mack is telling you that 228 00:12:59,200 --> 00:13:01,920 Speaker 3: do your research. Don't get so excited that this is 229 00:13:01,960 --> 00:13:05,600 Speaker 3: the moment of moments. Don't ignore other people telling you, hey, 230 00:13:06,360 --> 00:13:08,360 Speaker 3: are you moving too fast? What do you know about 231 00:13:08,360 --> 00:13:13,280 Speaker 3: this person? Listen to people who have common sense that 232 00:13:13,480 --> 00:13:16,040 Speaker 3: will lead you from making a bad mistake, and that 233 00:13:16,160 --> 00:13:18,520 Speaker 3: which leads what you say into bad contracts. And you 234 00:13:18,520 --> 00:13:20,360 Speaker 3: see a lot, unfortunately, you see a lot of bad 235 00:13:20,440 --> 00:13:23,479 Speaker 3: contracts in your life when it comes to entertainers. 236 00:13:23,640 --> 00:13:29,360 Speaker 5: Why is that, Well, some people just don't put the 237 00:13:29,440 --> 00:13:32,800 Speaker 5: money aside, you know, put a budget aside to hire 238 00:13:32,840 --> 00:13:38,520 Speaker 5: a lawyer. And it's because, well, you know, I've googled 239 00:13:38,520 --> 00:13:42,440 Speaker 5: some information on Google, or I saw a template on 240 00:13:42,679 --> 00:13:45,840 Speaker 5: the internet, and I feel like I know it nothing. 241 00:13:45,920 --> 00:13:47,840 Speaker 4: I don't need a lawyer to take a look at 242 00:13:47,880 --> 00:13:51,040 Speaker 4: this deal. That's one approach, right. 243 00:13:52,280 --> 00:13:56,160 Speaker 5: I've seen also cases where they hire the wrong lawyer 244 00:13:57,320 --> 00:13:58,200 Speaker 5: to redew the deal. 245 00:14:02,800 --> 00:14:06,080 Speaker 3: And can you telling me somebody who is a corporate 246 00:14:06,160 --> 00:14:09,520 Speaker 3: lawyer over here trying to do an entertainment contract, or 247 00:14:09,600 --> 00:14:12,559 Speaker 3: somebody who's a patent lawyer trying to do a contract 248 00:14:12,559 --> 00:14:16,400 Speaker 3: for a movie a contract for a television or talent contract, 249 00:14:16,800 --> 00:14:20,360 Speaker 3: and so all your cousins who got this good rate 250 00:14:21,080 --> 00:14:23,960 Speaker 3: is gonna do go, do you a solid and do this. 251 00:14:24,200 --> 00:14:27,120 Speaker 3: But what got me was you saying rashan. Their people 252 00:14:27,200 --> 00:14:31,560 Speaker 3: go online, they will download the contract as a template. 253 00:14:31,720 --> 00:14:36,680 Speaker 3: They google to contract for actors, a contract for writers, 254 00:14:36,800 --> 00:14:40,040 Speaker 3: a contract for TV or fan producers, and they say 255 00:14:40,080 --> 00:14:41,520 Speaker 3: that's their contract. 256 00:14:42,640 --> 00:14:43,360 Speaker 4: Right right. 257 00:14:44,520 --> 00:14:48,680 Speaker 5: The thing with templates, it might be a good starting point, 258 00:14:49,680 --> 00:14:53,120 Speaker 5: but it's not necessarily where you're in, right, So you 259 00:14:53,200 --> 00:14:56,280 Speaker 5: have to know how to navigate the language. You have 260 00:14:56,360 --> 00:15:00,000 Speaker 5: to know what's missing, You have to know what's there, 261 00:15:00,000 --> 00:15:04,560 Speaker 5: whether or not that's applicable to your situation. And the 262 00:15:04,600 --> 00:15:08,480 Speaker 5: best best thing to do if you are not a 263 00:15:08,640 --> 00:15:14,040 Speaker 5: season producer with the experience that maybe over time you've 264 00:15:14,080 --> 00:15:19,600 Speaker 5: seen enough good contracts because you've had representation, right, and 265 00:15:19,640 --> 00:15:23,560 Speaker 5: maybe you're using the same template and so and and 266 00:15:23,760 --> 00:15:28,640 Speaker 5: and pretty much everything's the same except maybe the compensation 267 00:15:28,880 --> 00:15:32,560 Speaker 5: and the and the actors. You might be able to 268 00:15:32,560 --> 00:15:36,600 Speaker 5: make some changes and get away with it, but rarely 269 00:15:37,000 --> 00:15:38,920 Speaker 5: is any contract. 270 00:15:38,480 --> 00:15:41,360 Speaker 4: A repeat deal right to the t. 271 00:15:43,120 --> 00:15:45,640 Speaker 5: So, in my opinion, even if you feel like, well, 272 00:15:46,040 --> 00:15:49,600 Speaker 5: I can draft the initial contract, and I feel like 273 00:15:49,640 --> 00:15:50,600 Speaker 5: it looks pretty good. 274 00:15:51,320 --> 00:15:52,520 Speaker 4: I would still. 275 00:15:52,320 --> 00:15:55,320 Speaker 5: Hire my lawyer to lay last eyes on it, right, 276 00:15:56,800 --> 00:15:57,760 Speaker 5: that's the best thing to do. 277 00:15:58,200 --> 00:16:01,640 Speaker 3: I'm talking to America's favorite in entertainment attorney, Jayle Mack. 278 00:16:01,680 --> 00:16:04,080 Speaker 3: When we get back after this break, I'm going to 279 00:16:04,160 --> 00:16:08,440 Speaker 3: ask her top ten tips on how to develop your business. 280 00:16:08,920 --> 00:16:12,160 Speaker 3: Top ten tips on how to develop your business. Don't 281 00:16:12,160 --> 00:16:15,040 Speaker 3: go into where you listen to money Making Conversations Masterclass 282 00:16:15,280 --> 00:16:19,240 Speaker 3: and I am speaking with America's favorite entertainment attorney, Jaylee Mack. 283 00:16:19,400 --> 00:16:19,960 Speaker 1: Be right back. 284 00:16:20,440 --> 00:16:23,600 Speaker 6: Please don't go anywhere. We'll be right back with more 285 00:16:23,680 --> 00:16:34,160 Speaker 6: money Making Conversations Masterclass. Welcome back to the Money Making 286 00:16:34,240 --> 00:16:39,960 Speaker 6: Conversations Masterclass hosted by Rashaan MacDonald. Money Making Conversations Masterclass 287 00:16:40,000 --> 00:16:44,600 Speaker 6: continues online at Moneymakingconversations dot com and follow money Making 288 00:16:44,640 --> 00:16:49,360 Speaker 6: Conversations Masterclass on Facebook, Twitter, and Instagram. 289 00:16:49,880 --> 00:16:54,680 Speaker 3: She's an actor, wife, mother, television and film producer, playwriting 290 00:16:54,800 --> 00:16:59,240 Speaker 3: after I had were fortunate of knowing her over thirty 291 00:16:59,240 --> 00:17:03,160 Speaker 3: two years watching to grow as as as a student 292 00:17:03,520 --> 00:17:07,200 Speaker 3: at Texas University get a law degree, and I also 293 00:17:07,280 --> 00:17:10,760 Speaker 3: trusted her for advice as far as my trademarks. But 294 00:17:10,920 --> 00:17:12,760 Speaker 3: we want to offer some of the same advice to 295 00:17:13,400 --> 00:17:17,159 Speaker 3: you as a listener, tips on how to develop your business. 296 00:17:17,200 --> 00:17:20,280 Speaker 3: I have I have ten ideas that you ten ten 297 00:17:20,359 --> 00:17:22,520 Speaker 3: things you sent over to me. So I'm gonna start 298 00:17:22,520 --> 00:17:25,399 Speaker 3: with number one with you attorney Mac, and then you 299 00:17:25,440 --> 00:17:26,280 Speaker 3: give me a comments. 300 00:17:26,320 --> 00:17:27,480 Speaker 1: Is that fine? 301 00:17:27,760 --> 00:17:28,040 Speaker 5: Sure? 302 00:17:28,440 --> 00:17:29,000 Speaker 1: Okay? Cool? 303 00:17:29,440 --> 00:17:35,920 Speaker 3: Starting with number one, you said, identify your project, please explain, so. 304 00:17:35,880 --> 00:17:39,480 Speaker 5: I can tell you we're specifically talking about film and 305 00:17:39,600 --> 00:17:44,200 Speaker 5: television as far as the entertainment industry, but really this 306 00:17:44,280 --> 00:17:48,840 Speaker 5: applies to music and other areas of entertainment. But it 307 00:17:49,000 --> 00:17:50,320 Speaker 5: also applies for any. 308 00:17:50,400 --> 00:17:52,280 Speaker 4: Entrepreneur we're talking about. 309 00:17:52,760 --> 00:17:56,280 Speaker 5: So even if you're, you know, selling candles, a lot 310 00:17:56,280 --> 00:17:59,560 Speaker 5: of this will be beneficial to you. 311 00:17:59,280 --> 00:18:01,000 Speaker 4: So it comes to projects. 312 00:18:01,040 --> 00:18:05,120 Speaker 5: Obviously, in the film world, you want to identify are 313 00:18:05,160 --> 00:18:10,240 Speaker 5: you shooting a movie, a feature film, or a short. 314 00:18:10,680 --> 00:18:14,520 Speaker 5: Will this be a scripted project or unscripted. In the 315 00:18:14,520 --> 00:18:18,160 Speaker 5: television world, for instance, is it a documentary? 316 00:18:18,720 --> 00:18:20,600 Speaker 4: You just want to identify. 317 00:18:20,000 --> 00:18:23,480 Speaker 5: What is it that I'm trying to do, because that's 318 00:18:23,520 --> 00:18:27,440 Speaker 5: going to go into how you develop that concept. If 319 00:18:27,480 --> 00:18:30,240 Speaker 5: you're a hire writer, if you're going to write it yourself, 320 00:18:31,280 --> 00:18:33,320 Speaker 5: this is going to lead to how much money I need. 321 00:18:34,040 --> 00:18:36,000 Speaker 5: So the first thing is to identify what it is 322 00:18:36,000 --> 00:18:36,720 Speaker 5: you're trying to do. 323 00:18:37,640 --> 00:18:40,560 Speaker 3: And that's really really important as if you're an entrepreneur 324 00:18:40,760 --> 00:18:43,600 Speaker 3: because of the fact that I have a company and 325 00:18:43,640 --> 00:18:45,360 Speaker 3: I have a lot of people with a lot of products. 326 00:18:45,440 --> 00:18:46,960 Speaker 1: I have a lot of people different. 327 00:18:47,040 --> 00:18:51,080 Speaker 3: Different small business bis visions, but they don't know what 328 00:18:51,160 --> 00:18:53,560 Speaker 3: the point of view of the vision of the point 329 00:18:53,560 --> 00:18:56,600 Speaker 3: of view of the business, and so identify your project. 330 00:18:57,000 --> 00:18:59,240 Speaker 3: Number two is make sure you have a plan. 331 00:19:01,520 --> 00:19:06,119 Speaker 5: Yes, like across the board in any business, it is 332 00:19:06,240 --> 00:19:11,000 Speaker 5: best to have a business plan. Even if you are 333 00:19:11,119 --> 00:19:16,440 Speaker 5: financing your endeavor personally, you still want to have a 334 00:19:16,520 --> 00:19:20,520 Speaker 5: roadmap and that's what the business plan will do for you, 335 00:19:21,560 --> 00:19:27,439 Speaker 5: and particularly people in film and television that are independent producers. 336 00:19:28,040 --> 00:19:30,080 Speaker 4: You also want to have a finance plan. 337 00:19:31,520 --> 00:19:33,480 Speaker 5: So not just a business plan to give you the 338 00:19:33,600 --> 00:19:38,200 Speaker 5: roadmap of how to get your project done, but a 339 00:19:38,240 --> 00:19:43,040 Speaker 5: finance plan will help you identify where the money comes from, 340 00:19:44,040 --> 00:19:47,360 Speaker 5: when it comes in, how it's going to be applied, 341 00:19:48,560 --> 00:19:51,880 Speaker 5: how are you going to get your project done from 342 00:19:51,920 --> 00:19:56,000 Speaker 5: the development and concept through sale and distribution of it. 343 00:19:57,240 --> 00:19:59,440 Speaker 4: And again that helps with any entrepreneur. 344 00:20:00,359 --> 00:20:03,200 Speaker 3: I have to agree with that on so many levels. 345 00:20:03,480 --> 00:20:05,720 Speaker 3: I get so mad at people. I see the word 346 00:20:05,800 --> 00:20:08,280 Speaker 3: mad people coming. I got this idea. First of all, 347 00:20:08,320 --> 00:20:11,800 Speaker 3: ideas not registered. It's just an idea. It's not flushed out, 348 00:20:12,440 --> 00:20:15,399 Speaker 3: you know, as the character developments and the projects not 349 00:20:15,480 --> 00:20:18,600 Speaker 3: flushed out. I don't know how many characters you got. 350 00:20:18,680 --> 00:20:19,440 Speaker 1: Who's the lead? 351 00:20:19,760 --> 00:20:22,199 Speaker 3: Have you developed a relationship with a star, who's to 352 00:20:22,240 --> 00:20:24,920 Speaker 3: start the project? It's just a great idea to get mad. 353 00:20:25,720 --> 00:20:28,960 Speaker 3: It's a great idea. Okay, I'm not saying it's not 354 00:20:29,040 --> 00:20:31,440 Speaker 3: great idea. I'm just telling you help me out because 355 00:20:31,480 --> 00:20:34,280 Speaker 3: right now it's an idea. I can't build on your 356 00:20:34,800 --> 00:20:37,320 Speaker 3: dream if I don't understand it. What's your plan? And 357 00:20:37,320 --> 00:20:40,080 Speaker 3: that's also people do that with business. They want to 358 00:20:40,480 --> 00:20:43,200 Speaker 3: I got some biscuits. They're the best biscuits in the world. Okay, 359 00:20:43,440 --> 00:20:45,879 Speaker 3: how you gonna how you're gonna manufacture these biscuits? If 360 00:20:46,160 --> 00:20:48,600 Speaker 3: if a thousand people walk through that door today, how 361 00:20:48,640 --> 00:20:51,280 Speaker 3: are you gonna manage what you're gonna do? How many employees 362 00:20:51,280 --> 00:20:51,879 Speaker 3: are you're gonna have? 363 00:20:52,320 --> 00:20:52,520 Speaker 1: You know? 364 00:20:52,760 --> 00:20:54,560 Speaker 3: I know that for a fact out of the comedy club. 365 00:20:54,880 --> 00:20:58,200 Speaker 3: Comedy club started with just my relatives manning the doors. 366 00:20:58,800 --> 00:21:00,840 Speaker 3: They used to do it for free, right then all 367 00:21:00,880 --> 00:21:02,679 Speaker 3: of a sudden, I started making a little money. Then 368 00:21:02,720 --> 00:21:07,720 Speaker 3: they wanted checks. I didn't budget to pay my relatives. 369 00:21:07,800 --> 00:21:09,560 Speaker 3: I didn't budget for that. I didn't have a plan 370 00:21:09,640 --> 00:21:12,320 Speaker 3: and play it. I just wanted to tell jokes, invite 371 00:21:12,320 --> 00:21:16,080 Speaker 3: people in for ten dollars, which eventually I realized that 372 00:21:16,160 --> 00:21:18,320 Speaker 3: the state wanted they tax money, so I would It 373 00:21:18,359 --> 00:21:21,520 Speaker 3: wasn't getting ten dollars. I didn't have a plan. So 374 00:21:21,760 --> 00:21:24,800 Speaker 3: when she talks about both ways, she can talk about 375 00:21:24,800 --> 00:21:27,840 Speaker 3: the entertainment industry, but it all comes back to business 376 00:21:27,920 --> 00:21:31,960 Speaker 3: business now. Number three is former team girl. I got 377 00:21:32,040 --> 00:21:34,320 Speaker 3: something to say after you talk about this form aighteen. 378 00:21:35,000 --> 00:21:37,960 Speaker 3: That's number three. Number one was identify your project. Number 379 00:21:37,960 --> 00:21:40,520 Speaker 3: two make sure you have a plan. Number three form 380 00:21:40,600 --> 00:21:41,320 Speaker 3: a team. 381 00:21:43,400 --> 00:21:49,480 Speaker 5: So so important. I just made this comment at the 382 00:21:49,560 --> 00:21:53,679 Speaker 5: essence best talking to the audience. If you're a producer, 383 00:21:54,640 --> 00:21:58,520 Speaker 5: you don't have to be the smartest producer. 384 00:21:58,960 --> 00:22:01,240 Speaker 4: You don't have to know everything. 385 00:22:02,520 --> 00:22:05,760 Speaker 5: Every experience is going to be something you learn from. 386 00:22:06,800 --> 00:22:07,440 Speaker 4: But if you. 387 00:22:09,080 --> 00:22:12,480 Speaker 5: Are putting together a team, make sure you build a 388 00:22:12,560 --> 00:22:17,640 Speaker 5: team that makes you the best producer you can be. Right, 389 00:22:18,119 --> 00:22:22,239 Speaker 5: so you surround yourself with talent. You surround yourself with 390 00:22:22,280 --> 00:22:23,360 Speaker 5: people who. 391 00:22:23,280 --> 00:22:24,119 Speaker 4: Know more than you. 392 00:22:24,960 --> 00:22:27,800 Speaker 5: Right, you also surround yourself with people who are not 393 00:22:28,000 --> 00:22:32,000 Speaker 5: yes people, because you need to know the pitfalls, you 394 00:22:32,080 --> 00:22:35,240 Speaker 5: need to know the pros and cons, and you need 395 00:22:35,280 --> 00:22:36,040 Speaker 5: people around you. 396 00:22:36,080 --> 00:22:36,639 Speaker 4: They help you. 397 00:22:36,680 --> 00:22:40,719 Speaker 5: Make the best business decisions you can make, keeping in 398 00:22:40,760 --> 00:22:44,520 Speaker 5: mind the best interest for your projects. And not only that, 399 00:22:44,640 --> 00:22:47,960 Speaker 5: not just your projects, but you have investors to pay back. 400 00:22:49,119 --> 00:22:53,120 Speaker 5: So it's super important that you surround yourself with other 401 00:22:53,160 --> 00:22:58,239 Speaker 5: good producers, with a good lawyer, a good accountant, a 402 00:22:58,280 --> 00:23:03,680 Speaker 5: good pr team find the best scenario when it comes 403 00:23:03,720 --> 00:23:06,959 Speaker 5: to a financier that makes sense for your project. If 404 00:23:07,000 --> 00:23:10,320 Speaker 5: you're going to get money from other places, and I 405 00:23:10,359 --> 00:23:13,959 Speaker 5: can go on, but the key is put together a 406 00:23:14,000 --> 00:23:14,560 Speaker 5: good team. 407 00:23:16,040 --> 00:23:16,840 Speaker 1: You better believe it. 408 00:23:16,880 --> 00:23:19,879 Speaker 3: I didn't have an accountant, I didn't have an HR person. 409 00:23:20,440 --> 00:23:23,719 Speaker 3: I told my wife we pulled money out of retirement 410 00:23:23,760 --> 00:23:27,879 Speaker 3: at the time, savings didn't have a budget attacked. Let 411 00:23:27,920 --> 00:23:29,600 Speaker 3: me not jump the gun because I'm about to say 412 00:23:29,640 --> 00:23:33,920 Speaker 3: budget and that's number four. Prepare a budget. So I 413 00:23:33,920 --> 00:23:36,240 Speaker 3: don't want to slide into that too much without you 414 00:23:36,400 --> 00:23:38,480 Speaker 3: comment on it. Because if you're going to form a 415 00:23:38,560 --> 00:23:42,120 Speaker 3: team you gotta prepare a budget. Talk to you about that. 416 00:23:42,560 --> 00:23:48,440 Speaker 4: Attorneyment absolutely, So if you know what it is you're 417 00:23:48,440 --> 00:23:50,320 Speaker 4: trying to do, right, let's say you're trying to make 418 00:23:50,359 --> 00:23:55,640 Speaker 4: a movie or douce a product or project, you obviously 419 00:23:55,720 --> 00:23:57,920 Speaker 4: have to have somebody who's good. 420 00:23:57,800 --> 00:24:02,360 Speaker 5: At putting budgets together, who can identify the needs and 421 00:24:02,520 --> 00:24:05,320 Speaker 5: services and how much things. 422 00:24:04,920 --> 00:24:09,120 Speaker 4: Cost and the best route. 423 00:24:08,800 --> 00:24:12,359 Speaker 5: To take to get these things done, to put a 424 00:24:12,400 --> 00:24:16,959 Speaker 5: budget together. So it's not a matter of saying, well, 425 00:24:17,000 --> 00:24:20,320 Speaker 5: I want to shoot a movie and I think a 426 00:24:20,400 --> 00:24:24,720 Speaker 5: thousand dollars is enough, right, you know, obviously you want 427 00:24:24,760 --> 00:24:29,520 Speaker 5: somebody experience in what things cost, and that is a 428 00:24:29,560 --> 00:24:33,679 Speaker 5: line producer in the film business that will do that 429 00:24:33,800 --> 00:24:37,760 Speaker 5: for you, because it's important to know if your movie 430 00:24:37,760 --> 00:24:43,120 Speaker 5: has special effects, is it has special video effects? Are 431 00:24:43,160 --> 00:24:46,320 Speaker 5: there cars being blown up? Or is there a car chase? 432 00:24:46,840 --> 00:24:54,640 Speaker 5: Are there fight seems to be choreographed? Everything has a cost. Hotels, locations, 433 00:24:55,520 --> 00:25:00,440 Speaker 5: feeding people, you got crew, actors, et ceter All those 434 00:25:00,480 --> 00:25:04,760 Speaker 5: things have to be identified in a budget and if 435 00:25:04,800 --> 00:25:09,400 Speaker 5: you've never done it before, don't take a stab at it. 436 00:25:09,720 --> 00:25:10,720 Speaker 5: Hire the right. 437 00:25:10,560 --> 00:25:11,800 Speaker 4: People to do the job. 438 00:25:12,000 --> 00:25:14,960 Speaker 3: Absolutely, you know, it's really funny people when you start 439 00:25:15,000 --> 00:25:17,800 Speaker 3: talking about budget and people the right teammate. You know, 440 00:25:18,320 --> 00:25:23,119 Speaker 3: if you open a Mexican restaurant and you hire somebody 441 00:25:23,600 --> 00:25:26,159 Speaker 3: the cook, he knows I do soul food. You know 442 00:25:26,160 --> 00:25:28,040 Speaker 3: you got to have the right people doing the right thing. 443 00:25:28,359 --> 00:25:30,760 Speaker 3: You're opening the bakery and that person all they know 444 00:25:30,800 --> 00:25:33,840 Speaker 3: how to do is cook pies. You know, That's it. 445 00:25:33,920 --> 00:25:36,160 Speaker 3: They can't do nothing else at your baker. But they 446 00:25:36,200 --> 00:25:38,479 Speaker 3: told you they know how to bake. It's that resume 447 00:25:38,640 --> 00:25:40,359 Speaker 3: going to the right place. I know we're going to 448 00:25:40,480 --> 00:25:42,080 Speaker 3: run short on time, but I want to get to 449 00:25:42,119 --> 00:25:44,080 Speaker 3: a couple of things I think they need to have. 450 00:25:44,720 --> 00:25:44,880 Speaker 1: No. 451 00:25:45,200 --> 00:25:48,000 Speaker 3: We talked about number one, identify your project. Number two 452 00:25:48,080 --> 00:25:50,440 Speaker 3: is make sure you have a plan. Number three is 453 00:25:50,560 --> 00:25:54,120 Speaker 3: former team. Number four we just talked about the prepare budget. 454 00:25:54,440 --> 00:25:57,560 Speaker 3: Number five is form a business entity. What are you 455 00:25:57,680 --> 00:26:01,680 Speaker 3: doing there? Number six is get a EI in number 456 00:26:01,760 --> 00:26:06,320 Speaker 3: for your business. Number seven, open a business account, not 457 00:26:06,440 --> 00:26:11,080 Speaker 3: your personal account, your business account. Number eight. Protect your assets. 458 00:26:11,520 --> 00:26:16,000 Speaker 3: Number nine the floors yours contracts. 459 00:26:16,720 --> 00:26:18,119 Speaker 4: Yes, yes, yes, we know. 460 00:26:18,720 --> 00:26:24,679 Speaker 5: Everything should be reduced to writing. It should represent what 461 00:26:24,800 --> 00:26:32,760 Speaker 5: you negotiated. Obviously, you want to protect your intellectual property, 462 00:26:33,680 --> 00:26:38,719 Speaker 5: your interest in ownership. Every aspect of the four walls 463 00:26:38,720 --> 00:26:43,960 Speaker 5: of the agreement should be considered. And once again I 464 00:26:44,000 --> 00:26:45,840 Speaker 5: would not rely on myself. 465 00:26:45,440 --> 00:26:46,679 Speaker 4: To prepare a contract. 466 00:26:47,520 --> 00:26:50,080 Speaker 5: I would go to the experts, such as a lawyer 467 00:26:50,960 --> 00:26:54,399 Speaker 5: that is experienced in your area. And I will say this, 468 00:26:55,760 --> 00:27:01,359 Speaker 5: even if you have an entertainment related matter, not all. 469 00:27:01,240 --> 00:27:03,359 Speaker 4: Entertainment attorneys are equal. 470 00:27:04,560 --> 00:27:08,800 Speaker 5: And if you're a film producer, not all entertainment attorneys 471 00:27:08,920 --> 00:27:13,719 Speaker 5: no film and television production, which is a whole other language. 472 00:27:14,000 --> 00:27:16,440 Speaker 5: So again, make sure you get a lawyer who's very 473 00:27:16,560 --> 00:27:21,760 Speaker 5: experienced in what it is you're trying to accomplish. 474 00:27:22,359 --> 00:27:26,000 Speaker 3: Now, the last one, you got your business open, you 475 00:27:26,119 --> 00:27:30,800 Speaker 3: got your movie marketing. You know, people think they can 476 00:27:30,880 --> 00:27:33,760 Speaker 3: just open their door, tell everybody they got great food, 477 00:27:33,800 --> 00:27:36,359 Speaker 3: and people just gonna line up and show up. People 478 00:27:36,400 --> 00:27:39,040 Speaker 3: think they got a great movie project. They're gonna let 479 00:27:39,080 --> 00:27:42,800 Speaker 3: everybody know it in the theater and we ready to go. 480 00:27:43,280 --> 00:27:43,680 Speaker 1: Okay. 481 00:27:44,200 --> 00:27:47,399 Speaker 3: So I really think it's really, really, really important that 482 00:27:47,440 --> 00:27:50,760 Speaker 3: people understand what's going on here when you're starting to 483 00:27:50,760 --> 00:27:53,240 Speaker 3: put together these assets. When you go down this top 484 00:27:53,320 --> 00:27:56,679 Speaker 3: ten list, marketing is the key, and it can create 485 00:27:56,760 --> 00:27:59,400 Speaker 3: so much drama. If you don't understand what's going on 486 00:28:00,040 --> 00:28:02,199 Speaker 3: because you didn't know what your brand was, you know 487 00:28:02,240 --> 00:28:04,800 Speaker 3: what your point. You didn't identify your project. You have 488 00:28:04,840 --> 00:28:07,560 Speaker 3: a plan, you have a team around. You didn't prepare 489 00:28:07,600 --> 00:28:10,520 Speaker 3: a budget, budget did include marketing. You never have a 490 00:28:10,560 --> 00:28:13,800 Speaker 3: business entity, you never got a business number. You still 491 00:28:14,000 --> 00:28:16,960 Speaker 3: operating out of your personal checking account. You didn't protect 492 00:28:17,000 --> 00:28:19,120 Speaker 3: your assets. I want to say, I want to allow 493 00:28:19,160 --> 00:28:21,119 Speaker 3: you to comment on that, and I say allowed, But 494 00:28:21,200 --> 00:28:23,480 Speaker 3: I think you should talk. We should tell people how 495 00:28:23,520 --> 00:28:24,879 Speaker 3: do you protect your assets? 496 00:28:26,760 --> 00:28:27,040 Speaker 4: Sure? 497 00:28:27,400 --> 00:28:32,280 Speaker 5: So, obviously you have intellectual property, so you may have 498 00:28:32,359 --> 00:28:36,080 Speaker 5: a copyright that you need to protect, a trademark. 499 00:28:37,040 --> 00:28:39,800 Speaker 4: In some instances, someone might have a patent. Doesn't necessarily 500 00:28:39,960 --> 00:28:40,680 Speaker 4: apply here. 501 00:28:42,560 --> 00:28:45,680 Speaker 5: As far as your scripts are concerned, you can register 502 00:28:45,760 --> 00:28:49,960 Speaker 5: them with the United States Copyright Office, or you can 503 00:28:50,000 --> 00:28:55,000 Speaker 5: deposit them with the Writers Guild of America East or West. 504 00:28:55,360 --> 00:28:59,640 Speaker 5: You want to do everything you can to obviously protect 505 00:28:59,640 --> 00:29:06,120 Speaker 5: your in is other things to consider or non disclosure agreements? Right, 506 00:29:06,360 --> 00:29:06,920 Speaker 5: what do you mean. 507 00:29:09,120 --> 00:29:11,480 Speaker 3: Non disclosure agreement NDA? What does that mean? 508 00:29:12,400 --> 00:29:12,640 Speaker 4: Yes? 509 00:29:12,760 --> 00:29:17,320 Speaker 5: And NDA A non disclosed dispose your agreement and that 510 00:29:17,360 --> 00:29:24,320 Speaker 5: deals with confidentialityy uh, between you and another party as 511 00:29:24,400 --> 00:29:29,640 Speaker 5: to business. You know, discussions that you have between the. 512 00:29:29,640 --> 00:29:30,560 Speaker 4: Two of you. 513 00:29:30,560 --> 00:29:33,280 Speaker 5: You may want to protect some of the content that 514 00:29:33,400 --> 00:29:36,560 Speaker 5: comes out of that. That could be your client list, 515 00:29:37,480 --> 00:29:40,760 Speaker 5: that could be some trade secrets. Uh, anything that you 516 00:29:40,800 --> 00:29:42,360 Speaker 5: wouldn't want the general. 517 00:29:42,080 --> 00:29:46,520 Speaker 4: Public to know. You know ideas, right, you would want 518 00:29:46,520 --> 00:29:47,040 Speaker 4: to NDA. 519 00:29:48,800 --> 00:29:53,120 Speaker 5: Now, I'll tell you a NDA is a deterrent, but 520 00:29:53,240 --> 00:29:56,600 Speaker 5: it is not iron class. And the reason why I 521 00:29:56,640 --> 00:29:59,920 Speaker 5: say that a lot of people will exchange in DA. 522 00:30:00,720 --> 00:30:03,360 Speaker 5: You know, sign my the NDA, I'll sign yours. It 523 00:30:03,400 --> 00:30:07,520 Speaker 5: could be mutual, that's great, but it doesn't really speak 524 00:30:07,560 --> 00:30:12,040 Speaker 5: to pillow talk, right. And the only reason you would 525 00:30:12,040 --> 00:30:16,160 Speaker 5: know somebody breached in n DA is if you hear 526 00:30:16,200 --> 00:30:18,040 Speaker 5: about it or you hear it from a third party. 527 00:30:18,840 --> 00:30:21,360 Speaker 5: So it doesn't do away with what I call pillow talk, 528 00:30:21,880 --> 00:30:27,040 Speaker 5: you know the whispers, right, And that that's always concerning 529 00:30:27,120 --> 00:30:29,840 Speaker 5: for me. And so I always like clients to know that. 530 00:30:30,040 --> 00:30:34,200 Speaker 4: NDA is a deturning factor. But it's but it's not 531 00:30:34,760 --> 00:30:35,320 Speaker 4: fool proof. 532 00:30:36,640 --> 00:30:39,640 Speaker 3: Wow, this has been great information our world of wrong 533 00:30:39,680 --> 00:30:42,400 Speaker 3: and appreciate you for coming on my show. Uh, got 534 00:30:42,440 --> 00:30:44,600 Speaker 3: any upcoming events that you want to tell everybody about? 535 00:30:44,600 --> 00:30:47,560 Speaker 3: Anybody about those? You just wrapped up essence, just finished 536 00:30:47,560 --> 00:30:50,400 Speaker 3: the ABA. Any upcoming project you want to fill us 537 00:30:50,440 --> 00:30:52,800 Speaker 3: in before we close out the interview of speaking to 538 00:30:52,880 --> 00:30:54,000 Speaker 3: Attorney Jayleen Mack. 539 00:30:55,440 --> 00:30:57,640 Speaker 5: Well, I do want to people want people to know. 540 00:30:58,760 --> 00:31:01,920 Speaker 5: If they want to get more information on our top 541 00:31:02,000 --> 00:31:05,320 Speaker 5: ten tips that I just discussed, it can go to 542 00:31:05,360 --> 00:31:07,480 Speaker 5: my book The Business of Stage, Screen and the in 543 00:31:07,560 --> 00:31:15,440 Speaker 5: Between and it's a practical guide for performers, playwrights, filmmakers 544 00:31:15,520 --> 00:31:16,760 Speaker 5: and any entrepreneur. 545 00:31:18,080 --> 00:31:18,360 Speaker 1: Cool. 546 00:31:18,640 --> 00:31:22,000 Speaker 3: Well, I think, well, friend, thank you for coming on 547 00:31:22,040 --> 00:31:25,360 Speaker 3: the show. Thank you for giving more wisdom to say. 548 00:31:26,160 --> 00:31:29,920 Speaker 3: I do not lie when I say America's favorite entertainment 549 00:31:29,960 --> 00:31:33,560 Speaker 3: attorney Jaylen Mack based out of Houston, Texas, but she's worldwide. 550 00:31:33,640 --> 00:31:38,280 Speaker 3: She's worldwide from Dubai to New York, to Houston to Mexico. 551 00:31:38,560 --> 00:31:41,440 Speaker 3: She's there doing her job and changing the game. More 552 00:31:41,480 --> 00:31:44,160 Speaker 3: important to keeping people out of bad contracts and maybe 553 00:31:44,160 --> 00:31:46,720 Speaker 3: becing people aware of that there are scams out there. 554 00:31:46,920 --> 00:31:48,720 Speaker 3: Just because it sounds like a good deal does not 555 00:31:48,840 --> 00:31:51,120 Speaker 3: mean there are It is ill is a good deal. 556 00:31:51,280 --> 00:31:52,840 Speaker 3: I talked to you soon, Attorney Mac. 557 00:31:53,360 --> 00:31:53,760 Speaker 4: Thank you. 558 00:31:54,760 --> 00:31:58,040 Speaker 3: This has been another edition of Money Making Conversation Masterclass. 559 00:31:58,120 --> 00:32:01,200 Speaker 3: Posted by me Rashaun McDonald. Thank you to our guests 560 00:32:01,240 --> 00:32:03,800 Speaker 3: on the show today and thank you O listening to 561 00:32:03,920 --> 00:32:06,280 Speaker 3: audience now. If you want to listen to any episode 562 00:32:06,360 --> 00:32:08,400 Speaker 3: I want to be a guest on the show, visit 563 00:32:08,680 --> 00:32:13,440 Speaker 3: Moneymakingconversations dot com. Our social media handle is money Making Conversation. 564 00:32:13,880 --> 00:32:16,280 Speaker 3: Join us next week and remember to always leave with 565 00:32:16,360 --> 00:32:16,880 Speaker 3: your gifts. 566 00:32:17,240 --> 00:32:17,800 Speaker 1: Keep winning.