The Handshake Deal That Will Cost You Everything (Business Partnerships Explained)

The Handshake Deal That Will Cost You Everything (Business Partnerships Explained)

Starting a business with a friend can feel exciting, informal, and full of possibility… until expectations stop matching reality. Let's break down a common business partnership scenario: A founder brings on a trusted friend or consultant to help launch a company. There are conversations about future equity, ownership, and “making it big.” Everyone is optimistic. Nobody puts anything in writing. Fast forward two years: The business is operating, but not thriving yet. The relationship is strained. One side feels taken advantage of, and wants to cash out. The other side feels blindsided. Now everyone is arguing over compensation, ownership percentages, unpaid labor, and what was "promised." This is why handshake deals become expensive. In this episode, Morgan discusses: * Business partnership agreements * Verbal promises vs. written contracts * Equity discussions and ownership disputes * Founder expectations and legal risk * Why good relationships still need good documentation * How to protect your business before conflict starts If you are starting a business, bringing on a consultant, discussing equity, or entering a partnership of any kind... this conversation matters! And if you need help getting all this figured out, let's talk. +++++++++ THIS VIDEO IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.

June 2026 Hemp Law Updates: Buckle Up, Buttercup!

One of the biggest needs in the Hemp and Cannabis Industry is an understanding of regulation changes at the federal, state, and even local levels. It's basically a full time job keeping track of all the changes... so my gift to the industry? I round up the biggest changes in the hemp industry since my last episode.  Non-compliance is not a theoretical threat. People are facing charges and saying "I didn't know" is not sufficient. So let's keep you informed and protected. Here are the federal and state-by-state updates I'll cover in this month's episode: * Texas  * Nebraska * Federal Government * North Carolina * South Carolina * Illinois * California * Ohio Need a monthly FULL 50 STATE review, specific to your product line? Davis Legal offers monthly retainer clients a robust, custom view as to where you can and cannot sell. Contact us to learn more about this service; must be currently distributing in 10+ states across the US. This episode was recorded on June 16, 2026. +++++++++ THIS CONTENT IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.

HHC Update: Banks and Payment Processors Are Pulling Back

Last month, the DEA designated Hexahydrocannabinol (HHC) as a Schedule I controlled substance and assigned it a unique drug code. Since then, lawsuits have been filed challenging the DEA's rulemaking in both the Fourth and Ninth Circuits. But while the courts are still sorting things out, something else is already happening: Banks and payment processors are making decisions. Across the country, hemp businesses are reporting that merchant processors are warning them to remove HHC products, or risk losing access to credit card processing altogether. In this video, Attorney Morgan Davis discusses: The DEA's HHC scheduling decision The lawsuits challenging the rulemaking Why payment processors are reacting now The business risks of continuing to sell HHC products What hemp retailers and manufacturers should expect next Whether you manufacture, distribute, or sell hemp products, understanding what is happening with HHC right now is critical. Because sometimes the market reacts long before the law is settled. +++++++++ THIS VIDEO IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.

Roadside Saliva Tests & Your 4th Amendment Rights

Let's talk about Roadside Saliva Tests for Illegal Substance Detection — and the potential violation of your 4th Amendment rights. Here is a scenario: You're driving home and a cop pulls you over. They say they smell something, and they subject you to a roadside saliva test. It tests positive for THC. Let me walk you through your rights. +++++++++ THIS EPISODE IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.

DEA just scheduled HHC — What it actually means!

The DEA just scheduled Hexahydrocannabinol (HHC) as a Schedule I controlled substance and assigned it a unique drug code. Now, the creation, sale, or distribution of synthetic HHC is a federal violation under the Controlled Substances Act. Let's break down what this actually means in layman's terms.  +++++++++ THIS EPISODE IS MEANT TO ASSIST IN A GENERAL UNDERSTANDING OF THE CURRENT LAW AND PRACTICE RELATING TO THE TOPICS DISCUSSED. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. COMPANIES OR INDIVIDUALS WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.