Starting an online business is an exciting step with global possibilities, so it’s important to make sure that you have all your legal bases covered. In this blog, we will provide you with a legal checklist, and explore the key steps and considerations for safeguarding your online business.
- Intellectual property protection;
- Things that are prohibited when using the website;
- Disclaimers; and
- Limitations on your liability.
Protecting your Online Business’ Intellectual Property
Your brand is important, and protecting it is non-negotiable. From your business name to trademarks and copyrights, your intellectual property holds immense value. Securing these rights and ensuring they are respected can be a game-changer for your business.
Remember, it falls on your shoulders to actively protect your online business’s intellectual property. Enlisting the support of a legal expert can help you monitor and enforce your rights effectively. Whether it’s reaching out directly to infringers or taking legal action, having a solid strategy in place can make all the difference.
Sale Terms and Conditions vs. Client Agreement
Generally, these T&C’s should include information on:
- Products and Orders
- Returns, Refunds and Exchanges
On the other hand, for businesses primarily engaged in providing services, drafting a tailored client agreement is essential. A well-crafted client agreement should include:
- The description of services your online business provides
- Payment and associated terms
- Expectations of your client
- Transferring intellectual property
- Termination of agreement
- Limitation on liability
- Dispute resolution
Understanding International Laws
Given the potential worldwide accessibility of your online business, understanding foreign laws that might apply is crucial. Well-crafted terms and conditions can help prevent potential conflicts that may emerge on an international scale.
An Important Extra!
Register the URL you choose for your website as soon as possible. URLs get taken quickly, and running an online business without a URL is impossible. When selecting your URL, make sure it doesn’t step on anyone else’s toes in terms of trademarks or copyrights.
- It is important to protect your IP and ensure you don’t infringe on others.
- Snap up a URL early!