In this post, we’ll dive into both of these documents and outline the purpose of each, as well as how The Contract Shop can help–even when it comes to small business Terms and Conditions legal templates!
Terms and Conditions, also known as a “user agreement” or “terms of service,” are a legal document that outlines the rules and regulations that govern a website visitor’s interaction with a business. This document is a contract between the business and the buyer, and it requires user consent.
That said, Terms and Conditions are not a legal requirement. It’s good to have them, but you won’t be challenged legally if you choose not to.
Again, you are not required to have a Terms and Conditions, but the following are some advantages of having a Ts and Cs page on your website:
Keep in mind this is not a contract between website visitors and the company, so it does not require consent or agreement from website visitors. Instead, it’s an informative document that users can access and read. It’s usually available at the footer of the website or in the “About Us” section; it is sometimes also placed next to sign-up forms or on checkout pages.
Authorities might fine you as much as 4% of your total global annual revenue or $50,000 per violation. If you violate user privacy, irreversible damage could be done to a user’s personal information and to your reputation. Certain business licenses could be revoked, too.
Terms and Conditions: This document defines user obligations and prohibited activities. It protects intellectual property, addresses limitations of liability, and provides disclaimers. This helps protect the interests of the business and sets guidelines for user interactions. It is not required by law, but is highly recommended. The Terms and Conditions establish that there is agreement and acceptance of the terms by users.
There is much more scrutiny over business behavior today, especially when it comes to online transactions and the protection of user privacy. For this reason, it is a good idea to have legal documents that protect your company in these areas, which can be easily created for any business with templates from The Contract Shop®!
Wondering if you can combine Terms and Conditions and privacy policies into one document? Take a look at our latest article.
Kevin Gallagher is the CEO of The Contract Shop®, a contract template store for creative entrepreneurs, freelancers, coaches, and more. His background is in helping online businesses grow, having previously worked at Allbirds managing part of their operations. He is proud to report that his digital artist wife Mandy is a happy customer of The Contract Shop®, and his main motivation is to help as many people like her as possible with the tools that they need to confidently manage their businesses.
Comments will be approved before showing up.