Two Legal Must-Haves For Starting An Online Business
January 29, 2009 by Lisa
Filed under Business Law, Internet Law
Terms of Service (TOS) and a Privacy Policy/Agreement (PA) are two essential elements of an online business. The TOS lays out the terms by which users can visit and use a business’ website. It also defines how commercial transactions will take place. Basically, you will need this agreement to define the boundaries of the relationship between users and your website.
A PA details what kind of information is collected from visitors to your website and how your company intends to use that information (whether you will share that information with a 3rd-party and whether they can opt-out).
Links to both of these agreements should be conspicuously displayed on your website.