Hemp items and providers could now be eligible for trademark licensing and safety, although many CBD merchandise stay illegal on the federal stage. In the meantime, marijuana continues to be a Schedule I drug, however is authorized in an rising variety of states. The authorized standing of hashish impacts logos and could also be problematic for these not in compliance. The sophisticated authorized panorama poses distinctive points for these within the hashish business.
Some license phrases could require the trademark proprietor to adjust to state hashish legal guidelines, together with making use of for a hashish allow. Some states could require a trademark licensor to have a hashish license whereas different states could have necessary necessities associated the disclosure of the trademark license association. It will be important for counsel to be concerned in understanding the necessities triggered underneath state regulation. As a part of due diligence, licensors want to know state and native hashish laws. As with different kinds of license preparations, licensees ought to affirm the licensor owns the trademark rights, there aren’t any challenges to these rights, and use of the mark.
Hear as our authoritative panel of IP attorneys Fred Rocafort, Harris Bricken Sliwoski LLP, and Delfina Homen, Miller Nash LLP, study the distinctive points that trademark house owners and licensees want to contemplate when licensing a mark to be used in reference to hashish merchandise. The panel will tackle legality, state licensing and disclosure necessities, due diligence, and key provisions in gentle of the character of the hashish merchandise.
The panel will assessment these and different key points:
- What are the important thing contract phrases to incorporate in a trademark license for hashish merchandise?
- What distinctive points do hashish licenses face? What pitfalls ought to be prevented?
- What components should be thought of to attenuate threat?
Backside Line
This CLE webinar will information IP counsel on the distinctive points that trademark house owners and licensees want to contemplate when licensing a trademark to be used in reference to hashish merchandise. The panel will tackle legality, state licensing and disclosure necessities, due diligence, and key provisions in gentle of the character of hashish merchandise within the hashish business. The panel will provide greatest practices for licensing cannabis-related marks.