Ways to Avoid Cannabis Settlements - PowerPoint PPT Presentation

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Ways to Avoid Cannabis Settlements

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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. – PowerPoint PPT presentation

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Title: Ways to Avoid Cannabis Settlements


1
Ways to Avoid Cannabis Settlements
  • 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.

2
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. Article source http//www.canhockeytal
k.com/ways-to-avoid-cannabis-settlements/
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