Based on U.S. federal Internet law, the software generates 7 quality website legal forms (including Terms and Conditions of Use and a Privacy Policy) in just 17 minutes or less.

Do I recommend this product? Of course. I created it.

It is a substitute for professional legal advice? Of course not. But if you can’t afford a lawyer, it’s the next best thing. And you’ll be amazed how quickly and easily it is to generate the forms.

There’s a special introductory offer that will disappear as soon as there’s enough customer feedback and testimonials. So you’ll want to go to LegalFormsGenerator.com right now to learn more.

In principle, this is a great concept. But as a practical matter, there’s the security concerns. From hackers to the occasional bank employee with sticky fingers, there’s a risk that what you store online, encrypted or not, will find its way into the hands of someone who wants to steal your identity or worse. Just take a look at the number of stories in recent years about credit card numbers being stolen from supposedly secure sites.

Please note that I’m not picking on Wells Fargo — just highly skeptical that the convenience factor of digital storage will outweigh the security risks. Hopefully, Wells Fargo will live up to its reputation and protect critical data with vSafe.

I’ll take a wait-and-see approach. If you try vSafe, let me know your experience.

Hat tip to the Associated Press.

Licensing agreements are more flexible than franchises because they are not heavily regulated by the government, are more flexible, and are less expensive to create and control than a franchise. Licenses promote entrepreneurs instead of suffocating them with a one-size-fits-all method of doing business one finds with franchises.

There are two primary ways to grow your business through licensing: (1) find others who are willing to pay licensing fees for what you own and make money by replicating your business through these licensees; and (2) become a licensee for the rights to something that would be profitable for your business to use.

If you’ve invented the wheel, license it and make money. If you haven’t, don’t reinvent it. License it from the inventor.

If you’re doing business via the Internet in the European Union, watch this closely. Should it become law, chances are you’ll have to adjust your online activities to accommodate it.

Hat tip to PC World.