Do the terms and conditions, privacy policy, etc. for any online business website need to be drafted as a contract in some legal manner?

Great question as it’s important for online business owners to understand these documents. In short, your terms and conditions (T&Cs) and privacy policy should be drafted as a contract because that’s what they are – agreements between your site and its users.

T&Cs defines what a user agrees to in order to use your services and they vary depending on the type of business or purpose of the site. T&Cs are designed to protect your customers’ privacy, reduce your exposure to liability, shield your intellectual property (IP), inform about limitations and warranties, and disclose conflict resolution procedures. Each business is unique thus warranting a specialized T&C to address all of their particular concerns.

A privacy policy is used to inform visitors to your site as to how their information will be collected, stored, and how you are going to share this information. It’s important to note that in some states, and on some platforms, privacy policies are legally required. Failure to include one could result in fines and civil suits!

The most effective way to create your T&C and privacy policy is to consult with a lawyer who specializes in your industry. It’s true that you can find different online services and templates to assist you, but the truth is that these documents could be outdated or irrelevant to your business. I advise against copying your T&C and privacy policy from another website or using one of the “easy to use” sites as they will almost certainly fail to include or capture everything.

If want to secure the legal aspect of your online business then stop by LawTrades. We’re a startup that has helped 100s of other startups get their T&C and privacy policy drafted by experienced startup lawyers. We use software to help lawyers run their practices more efficiently, which ends up saving businesses like yours money.