I am a business attorney who works with companies across various industries, including the hemp and marijuana industries. I have represented clients in the recreational marijuana industry who were providing similar consulting services to dispensaries for a cut of net profits. If you are actually taking an ownership interest in a company that will be formed I would recommend the JV, but if not we have simply drafted independent contractor/consulting agreements that were royalty based. I need to know more about your IP but at first read here it sounds like you may need an exclusivity provision with a mandatory term?
It would be my pleasure take care of drafting this business agreement for you. Significant experience in the industry with clients in CA, CO, and WA.
While I would be happy to do a fixed rate for this project, just so you are aware, I do offer a contract general counsel arrangement - which works out to be the most cost effective arrangement that I offer. Under this arrangement you would reserve 20 hours of legal services for $2,000. And then you would just send me work and questions whenever something comes up and I would bill against the reserved hours. The majority of my clients retain me in this manner.
Licensed in TX & NV and have been practicing for 11+ years.
Let me know if you have any questions and have a wonderful day!
I represent a number of large agricultural concerns in the U.S. and South America that are constantly entering into joint venture agreements with growers for a variety of purposes. I am currently working on forming a joint venture for one of the top 5 landowners in the U.S. and an Indian company with an extraction plant in central Florida for legal marijuana cultivation and related issues. Furthermore, I did a series of agreements last year for that same extractor and Florida landowners to shore up supply lines and permit landowners to monetize their unused saw palmettos.