How To Sell An Internet Business

By | Business Law Book, Internet Lawyer | No Comments
how to sell an internet business by internet lawyer mike young

The second edition of “How To Sell An Internet Business” by Internet Lawyer Mike Young has just been published. It’s part of the Quick Legal Guides series for small business owners and other entrepreneurs.

How This Guide Helps You

When you invest in this business legal guide, you’ll…

  • Get a road map of the sales process for online companies
  • Discover the 3 key players you’ll want to have as part of your sales team
  • Find out how to price your Internet business so that it will sell quickly
  • Identify the 2 types of sales and which one works best for you
  • Know how to prescreen prospective buyer’s to save you time
  • Understand how to review an offer to purchase
  • Be able to respond to the buyer’s due diligence requests
  • Discover how to get paid for your time if a deal falls apart
  • Understand the closing process
  • Find out how to handle post-closing tasks

How To Sell An Internet Business also contains a Quick Start Checklist so you can begin the sales process right away.

At the end of the guide, there’s also a Resources section to help you get what you want fast.

Where Can You Get How To Sell An Internet Business?

This business law book is available at Amazon.com in print as a paperback and in Kindle electronic format. Claim your copy today.

Does California Hate Your Website?

By | Internet Lawyer, Website Lawyer, Website Legal Documents | No Comments
California Consumer Privacy Act of 2018
Beware of the California Consumer Privacy Act of 2018

The tarnished “Golden State” has enacted the horrible California Consumer Privacy Act of 2018.

This law targets website owners by claiming to protect privacy rights.

So, what if your business website isn’t located in California?

You could still be liable under the Act.

Because it protects information you collect from California residents. This includes residents’ names, email addresses, and other personal information.

Now this means you could be fined up to $7,500 per violation — even if you run your online business in another state or country!

We’ve seen this type of idiocy at the national and multinational level. For example, international enforcement of U.S. spam laws and the European Union’s General Data Protection Regulation (GDPR).

But California’s attempt to regulate the online world takes it to a whole new level of nanny state scheming.

Is Your Website Covered By The California Consumer Privacy Act of 2018?

It looks like the law (for now) only targets large online businesses.

Yet it would take only a simple change to a definition in the law to put the screws to smaller businesses.


Are you operating a large ecommerce venture? Consult with a California privacy law expert about complying with this albatross.

What if you run a small or medium-sized business (SME)? You may want to make it clear the California Consumer Privacy Act of 2018 doesn’t apply to your site…and the reasons why it doesn’t.

Related Article: Privacy Policy 101 – What Every Website Owner Should Know


That’s the approach I’m taking in website legal documents for both…

With a little luck, the state legislature will gut or repeal the California Consumer Privacy Act. Or a court will strike it down as unconstitutional interference with interstate commerce.

But it’s possible the state law will stay on the books unless it’s preempted by Congress sometime in the future.

Business Contract Types Chart: Pros And Cons

By | Internet Lawyer | No Comments
business contract types chart pros and cons

What kind of agreement do you need? Here’s a handy chart to help you understand the advantages and disadvantages of common business contract types.

Do-It-Yourself

Verbal Agreement

Do-It-Yourself

Written Agreement

Written Agreement

By Business Lawyer

Quick Agreement?

Cheap?

Covers Essential Terms?

Easy To Modify?

Probably Enforceable?

Easy To Terminate?

Discourages Lawsuits?

Need help with business contracts? Then you’ll want to schedule a phone consultation with Business Lawyer Mike Young today.

3 Surprising Things You Should Never Put On Your Website

By | Internet Lawyer, Website Lawyer, Website Legal Documents | No Comments

website protection legalAre you selling products or services online? For website protection, there are some things you shouldn’t put on your site.

Why?

Because the wrong content can lead to personal danger, lawsuits or even criminal charges.

Here are 3 of the most common content mistakes website owners make.

1. Home Address

Don’t post where you live on your site…unless you want identity theft and stalkers showing up at your front door.

2. Bad Customer Testimonials

Avoid testimonials that are fake, have gone stale, or contain false claims. Even if you make an extra sale or two, these testimonials invite lawsuits.

3. Stolen Website Legal Documents

You can’t “borrow” another site’s privacy policy, terms of use, etc. without the copyright owner’s permission. And if you do get permission, there’s a good chance the docs won’t provide the website legal shield you need.

Do You Want Website Protection?

Then invest in quality docs prepared by an experienced Website lawyer.

If you have the budget, check out our Website Legal Protection Package.

Don’t know how you’ll pay this month’s rent? Consider the protection alternative of Website Legal Forms Generator software.

Should You Copy Terms And Conditions From Another Website?

By | Internet Lawyer, Website Lawyer, Website Legal Documents | No Comments

Should You Copy Terms And Conditions From Another WebsiteWhen you’re looking for website legal protection, you’ll want to include website legal documents on your site. But does it make sense to copy terms and conditions from another website?

The Pros And Cons

Benefits

The benefits to an entrepreneur on a tight budget are that you’re saving time and money up front by not investing in the terms and conditions, privacy policy, and other website legal documents that you need. It’s simply copy-and-paste to have legalese added to your site.

Related Article: Privacy Policy 101 – What Every Website Owner Should Know

But do these benefits outweigh the risks? Or, are you putting yourself in greater danger by taking another site’s legal documents to use as your own?

Legal Risks

As a practical matter, “borrowing” someone else’s legal documents without permission is stealing intellectual property. This typically is referred to as copyright infringement. If you’ve infringed upon someone else’s copyrights, you may be liable for up to $150,000 per document “borrowed” plus the copyright owner’s legal fees in the infringement lawsuit against you.

Note that it’s often difficult to track down and obtain the copyright owner’s permission (usually by paying a fee) to use another site’s legal documents. Most site owners are using their documents per a license obtained from the copyright owner.

A few have also “borrowed” theirs and are at risk of being sued for copyright infringement at any time for intellectual property theft. If you use their bootleg forms, you’re at risk too.

Unfortunately, many site owners simply don’t know what rights they have to the legal documents because they’re not attorneys and didn’t bother to check when buying a license. They might think they “own” the terms and conditions but are actually only licensees with no rights to give others permission to use the documents.

Even if you obtain the legal right to copy terms and conditions from another site, those provisions are probably not designed to protect your site. For example, the website legal documents used at Amazon.com are very different than what the average small business website needs.

What If You Decide Not To Copy Terms And Conditions From Another Site?

Our Internet law firm provides customized website legal documents for a flat fee as part of a Website Legal Protection Package.

Related Article: 7 Keys To Picking The Right Internet Lawyer For Your Business

If your budget is too limited to pay a website attorney to prepare customized documents you need for your site, you may want to consider using Website Legal Forms Generator, a software that generates site legal forms that were created by Internet Business Lawyer Mike Young.