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Maddox, Segerblom & Canepa

Hemp Growers in Nevada: Why It’s Important to Get Everything in Writing

Contracts are a key requirement for any business for all kinds of dealings. Without a written agreement, a business may lose money by not being able to enforce the money or services that they are owed. This is especially important in a new industry like the hemp business, where things may be freewheeling.

Contracts Include the Terms of Agreements

A contract is the lifeblood of any business transaction. Each party agrees to do something. This is called consideration. The parties put together a document that memorializes their agreement and sets forth the terms that each person or business must follow. This is what a court will refer to when deciding a dispute between the parties. The usual rule is what is in the four corners of the document will control the transaction.

People and businesses will begin to have problems when things are not in writing. Oral contracts introduce more uncertainty into the equation because a party will need to prove that a contract existed in the first place before the terms can be proved. 

Hemp Industry Participants Need Appropriate Contracts

In the Nevada hemp industry, there are reports that parties are struggling with finding the right type of contracts to memorialize their arrangements. The hemp industry is a volatile one, as growers and businesses have varying degrees of success. Profits can vary based on the year, and the general trend in prices is lower. At the same time, growers must pour thousands of dollars into each acre.

The unpredictable nature of the business means that participants need the highest degree of protection possible. That comes from the contract. Otherwise, businesses have an incentive to back away from the agreement and refuse to honor what they have promised because it is in their best interests. The fact that they sign a binding agreement means that they must go through with the agreement. If not, a business is at risk of suffering the costs of a breach, and they will have little recourse. 

In addition, a business must have the right type of contract. This will keep them from having to pay a visit to a breach of contract attorney when the other party is refusing to live up to the terms of their agreement. 

What Our Clients Say

My family and I are thankful to Maddox, Segerblom and Canepa for their assistance during a three year case regarding construction defects to our home. We are truly appreciative of their knowledge, determination and assistance during this process. They were always courteous, and available to answer any and all of our concerns and questions. Thank you for the wonderful resolution. Many thanks to you and your staff.

Frances Castelli

We used Maddox, Segerblom & Canepa to represent us in a legal suit re problems in construction on new properties that we purchased from a developer.

We were very pleased with the representation provided by this law firm. They were fully communicative, responsive to our questions and were very knowledgeable about the issues that required resolution. Even after we reached a resolution, they have been responsive in making sure to point us in the right direction for help with repairs that are required.

We would recommend them to others with similar issues that require legal help.

Atam & Margo Lalchandani

Maddox, Segerblom & Canepa did a FANTASTIC job in our construction defects case. I interacted with several people from their office throughout our 2 year litigation. Their staff is friendly, knowledgeable and always prompt about getting back to you when you have questions/comments/concerns. I especially enjoyed working with Darcy, Ardea, Eva, and Sandra. Being part of a lawsuit is no fun for anyone, but if you have to be a part of one, I can’t say enough positive things about this firm!

Victoria Fox

The law firm of Maddox, Segerblom, and Canepa were amazing to work with. They were thorough and always available for any questions we had. We worked a lot with Sandy who was always professional, friendly, always on time for appointments and just a great person to represent this firm. We have never been involved in a law suit before and they made it comfortable for us. We appreciate the hard work the lawyers and people who work for the firm did and would recommend them.

Becky Loudenburg
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