Cannabis settlements can be difficult to navigate. They can often hold up business since companies may have to settle the terms of their case before they can continue to do business. If you want to make sure that your company does not have to go to court or deal with legal issues, here are some guidelines to consider:
Be Aware of Intellectual Property
Not too long ago, the adhesive company Gorilla Glue agreed to reach a settlement with a marijuana strain of the same name. The blue company said that the manufacturers of the Gorilla Glue weed strain were guilty of trademark infringement.
Because of the agreement, the Gorilla Glue marijuana strains, which are numbered Gorilla Glue #1, 4 or 5, cannot be advertised with a picture of a gorilla or any imagery that is similar to the Gorilla Glue adhesive company within 12 months. The cannabis company is also required to shut down its website, gorillaglue4.com; the cannabis organization is required to hand the domain over to Gorilla Glue the glue company by January 1, 2020. The issue was settled in a federal court in Ohio. This is the state where the original Gorilla Glue company headquarters is located.
Stick to State Guidelines
If you find that you have to meet the terms of a settlement for your cannabis company, it could be because you did not follow state-specific rules. This is why it is best to have a legal team working with you when you open your business. The attorneys can look through the documents associated with the settlement to let you know which guidelines you should pay special attention to. You should also go to a lawyer to look over all the contracts that are associated with your business. This will let you know which products are allowed at your establishment, as well as the items that you are permitted to sale online from your state. Make sure that you go over customer relations rules with your lawyer, so you will know which information you should convey to consumers. When you stick to the rules, you will be more likely to avoid a settlement.
When You Cannot Avoid a Settlement
If you are faced with a legal situation that requires you to adhere to the terms of a settlement, be sure that you have a qualified legal team on your side. If you have court dates to attend, be sure that you adhere to these guidelines. Simply showing up on time will help your case, since it will let the judge know that you are serious about resolving the matter.
Be sure that you know all the terms of the settlement. If you need to change your name or logo because of copywriting infringement or creative differences with a company, make sure that you know the deadlines associated with this task. This will keep you from incurring more fees and prevent companies from taking further action against you. Consult with your legal team as many times as you need to before your court date or settlement deadline so you will be fully prepared.