Clauses in the terms and conditions of your site or app. Could any topic be more boring? Well, snap to Sparky. Today, we take a look at the value of including an arbitration clause in the terms and conditions for your online properties. Specifically, how this collection of legalese language can save your bacon in a worst case scenario.
Who Cares – [Yawn]
You should. The terms for your online property acts as a contract with your users. When drafted correctly, the language in the terms can discourage lawsuits against your business, particularly massive lawsuits. The arbitration clause is the key. To understand why, we need to look back to the olden days – 2010. [Read more…]