Expectations should be set with any hemp or cannabis client from the very first consultation, particularly if you’re helping out with licensing. Here’s what a client seeking licensing services should understand before any agreement is signed or money changes hands:
- Make it clear that you are not a one-stop-shop if you’re helping a client out with licensing. Clients will likely have to consult with other professionals outside of a hemp/cannabis attorney during the licensing process such as architects, real estate, and safety/security professionals. Make sure clients understand that they will have to consult with other third parties, and that your agreement/fee only covers your legal services.
- Boilerplate “no guarantee” language exists in most retainer agreements, but hemp/cannabis clients must know that an attorney cannot guarantee that a license will be granted. There are too many variables, including but not limited to a change in local or state law, that can impact a license being granted.
DISCLAIMER: THIS INFORMATION IS STRICTLY EDUCATIONAL AND DOES NOT CONSTITUTE LEGAL ADVICE.