Verbal Offers Aren’t Worth the Paper They’re Written On
When it comes to cannabis businesses, verbal offers are not worth the paper they are written on. This is because cannabis businesses should always follow up verbal offers with a written email in order to avoid having deals ruined by people that will say anything. Additionally, integration clauses help to protect businesses, but following up is the best way to ensure that all details of a deal are captured and agreed upon.
Therefore, cannabis businesses should always take the time to follow up on verbal offers in order to protect their interests.
How can I safeguard my company?
There are a few things cannabis businesses can do to protect themselves. First, they should always follow up verbal offers with a written email.
This will help to ensure that all details of the deal are captured and agreed upon. Additionally, cannabis businesses should consider using integration clauses in their contracts. These clauses can help to protect businesses by specifying that all prior agreements between the parties are merged into the contract.
Finally, cannabis businesses should always consult with an experienced attorney before entering into any contractual agreement. This will help to ensure that the business is protected and that all legal requirements are met.
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