3 Legal Documents You Need Now to Protect Your Online Business
Sometimes in life, things go wrong. It’s BS but it’s the truth. The following 3 legal documents are what you need ASAP when starting up, to help minimize risk and maximize the protection of your online business.
When it comes to legally protecting your business, it’s understandable if you get a little overwhelmed, determining what it is you really need. We often hear people say “I’ll just wait until business picks up” before they figure out legal documents. The problem with that is, by the time business picks up, you might be too busy, and not consider the risks you are taking without being sufficiently covered.
1. Client Agreement
Securing a client is a damn good feeling, let’s celebrate that! (Woo!) Now, do you have a process solidly in place to ensure that the arrangement of that relationship is protected? Enter your Client Agreement. This contract is by far the best way of protecting your business, time, money and expectations. That’s a mouthful, we know.
Your Client Agreement is a legal document, signed by both yourself and the client, outlining the expectations, services, payment specifics and the agreed-upon deliverables of both Parties. When we talk about protecting your online business, this is where it’s at. Entering into business without an Agreement is like rock climbing without a rope… you are good until you need to fall back on it.
Legal documents can be intimidating, to say the least. As can the legal fees associated with getting something drafted. We have THE solution for you. It’s all HERE at Contracts for Entrepreneurs where you can purchase affordable and reliable plug and play contracts! The best part is, each contract comes with an extensive User Manual, that breaks down all that boring (but necessary) legal chit chat and helps you customize the contract to your business!. We want you to be legally covered, enabling your BAD-ASS CEO-Self to show up as the BOSS you are.
2. Privacy Policy
We are the first to recognize a Website Privacy Policy is not the most glamorous of legal requirements, but it’s that little blurb at the bottom of every website that is actually a legally required document!
Your Privacy Policy is essentially a block of text on your website that explicitly states to visitors, what information/data you are collecting and what you are doing with that information.
The consequences of not having a Privacy Policy on your website differ considerably from country to country, but do yourself a favour and avoid a potentially hefty fine and get yourself one HERE. Being transparent with the way you conduct business brings you one step closer to proving your authenticity and intent to do business both professionally and trustingly.
3. Terms & Conditions
While Terms and Conditions are not legally required, they are highly recommended legal policy for your website and are a necessary step towards protecting your website and business. Remember, your website is your own online real estate and this powerful verbiage protects everything on your website! By outlining what is and/or is not allowed (under applicable law) gives you the protection of your online property which otherwise is left dangling in the wind.
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