What Contracts Are Needed For A Cannabis Business NY. Cannabis consultant Jesse Bravo from the Promised land explains

What types of contracts do you need in your cannabis business NY

The first contracts that you may see when you're discussing business with new people would be a non-disclosure agreement. What a non-disclosure agreement? "NDA" is a contract that protects sensitive information,operations, the internal workings. You know, "SOPS". People want to know your secrets to your success, so your job to keep your secrets safe.

Second and third contract is both a non-circumvention and a non-compete integrated, and that means in the contract allows for additional protections. These types of disclosures allow those two companies to do business with one another. Also non-disclosures and the non-competes help define what is the confidential or the proprietary information. These contracts can also define liquidated damages for the unauthorized release of information. These very often one of the first contracts that you see when parties begin to work in the Cannabis Industry.

Don't Trust Anyone's Word

Words are nice to hear but when things go wrong words won't help you in court. The rule of law in court will all depend on what you have in a contract. Don't want to scare you as I just want you to be protected. What Contracts Are Needed For A Cannabis Business