Cannabis Business Contracts
The best cannabis contracts are those that never need to be enforced. The most important goal in contract negotiation is for the parties to determine their obligations and when those obligations are due to each other. Everything else is secondary.
That said, things can and do go wrong in business transactions. Maybe a party tries to back out of the deal. More common is that the circumstances surrounding the deal change and the parties cannot agree on which side was to bear the risk of the change in circumstances. One thing leads to another, and we have litigation. Costly litigation.
In this second post in our series on marijuana issues for companies outside of the industry, I am going to look at contracts. Are contracts with marijuana companies enforceable? Should any specific terms be included in those contracts?
Marijuana contracts in litigation raise some interesting questions for judges. There’s a general...
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