UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 22, 2005

                                 USIP.COM, INC.

             (Exact name of registrant as specified in its charter)


                  UTAH                                    16-1583162
(State or other jurisdiction of                           (I.R.S. Employer
       incorporation or organization)                     Identification No.)


                                7325 OSWEGO ROAD
                               LIVERPOOL, NY 13090
                     (Address of principal executive office)


                                 (315) 451-7515
              (Registrant's Telephone number, including area code)


                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)


         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

o        Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

o        Soliciting  material  pursuant to Rule 14a-12  under the  Exchange  Act
         (17CFR 240.14a-12)

o        Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

o        Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))








ITEM 1.02  TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

         On May 24, 2004 USIP.Com, Inc. ("USIP") signed an Agreement and Plan of
Merger  ("Agreement")  with Cornerstone  Services Group,  Inc.  ("Cornerstone").
Under the terms of the proposed Merger  Cornerstone was to merge into USIP, with
USIP to remain the surviving  corporation.  Thereafter the name of the surviving
corporation was to be changed to Cornerstone Services Group, Inc.

Since entering the Agreement the parties have been pursuing the Merger, but were
ultimately unable to complete the transaction due to Cornerstone's deteriorating
financial  condition.  On June 22, 2005 the parties mutually agreed to terminate
the Agreement and to cease further efforts to effect the Merger.  No termination
penalties will be incurred by USIP.

ITEM 9.01  FINANCIAL STATEMENT AND EXHIBITS

None




                                    SIGNATURE


Pursuant  to the  requirements  of  the  Security  Exchange  Act  of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersign hereunto duly authorized.

                                 USIP.COM., INC.
                                  (Registrant)


Date: June 23, 2005                         /s/ Craig Burton
                                            -----------------------------------
                             Craig Burton, President