They are sometimes referred to as Terms of Service. They are needed to be provided by businesses who provide web-based services or software to customers.
Examples of such services include e-commerce stores, social media websites and online marketplaces.
This is because the document will govern how people can and cannot access the content on your online business platform, as well as provide rules on using your platform.
How does this work? Let’s look at the example below.
|An Example |
Alex has created an app that allows users to create personal to-do lists. There is a free version, and also some paid premium features.
- Payment: If you’re a store that takes payments, how will your business receive these payments from users? What will happen if a customer doesn’t pay?
- Accessibility: On what terms are users able to access your web application’s content? Are there any restrictions to access?
- Intellectual Property & Confidentiality: Who owns the intellectual property for the content provided on your application? Are you licensing any intellectual property?
- User Obligations: What terms must your users abide by when using your website?
- Limitation of Liability: Who is responsible if things go wrong?
At Sprintlaw, we focus on drafting easy to understand and comprehensive contracts for many online businesses.
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