Licensing in the Marijuana Industry
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Transcript of Licensing in the Marijuana Industry
WHAT WE’LL COVER
• PROTECTING YOUR IP– Copyrights– Trademarks, Trade Dress– Patents
• WHAT IS A LICENSE– SHOULD YOU LICENSE– SHOULD YOU FRANCHISE (hint: NO)
• TOP CONSIDERATIONS
• Recipes• Databases• Textual Works• Websites• Artwork• Architectural
works• Software
Original Works of Authorship
Thin Protection.
TRADEMARKS
• Logos• Brand Names• Sounds• Non-functional
smells• Non-functional
packaging• Trade Dress
YES! • SUGGESTIVE,
BUT NOT DESCRIPTIVE
• STYLIZED VERSION OF A LEAF
• EASY TO POLICE• RECOGNIZEABLE• EASY TO
PRONOUNCE• CONVEYS
QUALITY
DON’T STOP THERE
THINK BROADLY• Packaging shapes• Store Designs• Product Shapes• Colors• Holograms• Smells• Designs
Yes, it’s protected!
ELEMENTS OF A LICENSE• Right to Use Various Properties• For a Limited Time Period• On an exclusive or non-exclusive basis• In a specific territory• With an understanding of obligations• During and after the license period• Entered Into Under State Law, and with
terms mutually agreeable by both parties
ELEMENTS OF A FRANCHISE
• Required disclosures to state and franchisee
• Dictated by state law, not necessarily mutual party agreement
• Involves Federal law• Allows significant control, not just quality
control• Franchisees have significant state and
registration requirements
3. SET REASONABLE TERMS AND INCENTIVES
Motivate Licensees to the Do the Right Thing… Carry a big Stick