Does Your Business Website Break The Law?

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

If you haven’t had your business website reviewed by an experienced e-commerce attorney, chances are there are legal minefields waiting to explode. That is, real danger of lawsuits and government investigations because of what your site includes and what it is missing too.

A website legal compliance review is an easy way to discover these hidden dangers so that they can be quickly fixed before your business lands in hot water by breaking the law.

What should a review include?

(1) Identify what you’re doing right so that you can repeat these good practices.

(2) Point out the legal risks that must be fixed in order to avoid costly and time-consuming lawsuits and investigations.

(3) Reveal legal dangers that you may choose to assume or fix depending upon your risk tolerance levels.

(4) Practical recommendations for fixing identified legal risks so that you know what needs to be done for your own peace of mind.

If you want Internet Business Lawyer Mike Young to perform a website legal compliance review, the first step is to book a phone consultation with him today.

Are You Overpaying To Buy An Online Business?

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

couple buying an online businessDid you know that it’s common to pay too much for an online business?

Sometimes it’s because of a failure to perform due diligence. Only to discover after purchasing the company that it’s not that profitable or even losing money.

The Phantom Online Business

But the most common mistake buyers make is to purchase something that doesn’t exist yet.

Here’s what happens…

Absurd Multiples

Sellers often have an inflated view of what their ecommerce companies are currently worth based upon the potential these businesses have in the future. So, they’ll set their asking price 5, 10, or 20+ times the business’ actual value.

However, that potential hasn’t been realized yet. And it may never happen.

The Work Hasn’t Been Done Yet

The current owners haven’t invested the time, money, and energy to make it a reality.

So, why should a seller be paid as if the phantom future business already exists?

Now it’s theoretically possible that a seller has put into place everything that’s necessary for his company to become that success over time.

But as a prospective buyer, understand it’s not at that point now…and you shouldn’t pay more than the company is actually worth.

Avoid Paying Twice

Because overpaying the seller for something that hasn’t been built yet means you’ll probably pay a second time to build that reality yourself post-purchase.

If you need help buying an online business, schedule a phone consultation with Internet Business Lawyer Mike Young.

Is Your Website Refund Policy Deceptive?

By | Website Lawyer, Website Legal Documents | No Comments

When you sell goods or services online, it’s important to have a website refund policy. And it needs to be accurate to avoid claims you’re engaging in false or deceptive marketing practices.

Because you don’t want the government coming after you, lawsuits from unhappy customers, or negative Google/Yelp reviews of your business.

What if you have a “no refunds” policy? Assuming it’s legal (some states have a “buyer’s remorse” mandatory refund period for certain purchases), then that should be clearly disclosed too so that prospective customers don’t find out after buying that it’s too late to get their money back.

Now if you do have a website refund policy, make sure that there are no hidden “gotchas.”

For example, if you charge a restocking fee for returned merchandise, that should be disclosed.

And if the customer is responsible for return shipping costs, be sure to make that clear too.

Of course, an experienced website lawyer can prepare a refund policy that’s designed to limit your liability exposure. And while you’re at it, have him review or prepare your other website legal documents (e.g., privacy policy, terms of use, etc.).

Is Your Website’s Privacy Policy Dangerous?

By | Website Lawyer, Website Legal Documents | No Comments

If you haven’t updated your website’s privacy policy recently, it could be dangerous to your business. Because you could end up getting investigated by the government or even sued by website visitors or customers.

There are two common ways this risk arises.

First, privacy laws and regulations change often. If you haven’t updated your site’s policy in the past couple of years, there’s a good chance it’s obsolete because there are gaping holes in it that don’t reflect new privacy requirements.

Second, you’ve changed the way you’ve done business online in some way but haven’t updated your privacy policy to reflect those changes. In other words, you say one thing in your privacy policy but the way you do business online is different. This can be considered deceptive or even fraudulent despite your intent.

Now if you don’t know whether your privacy policy is creating legal risks for your business, chances are it’s time to speak with a website lawyer.

Has Google FLoC’d Your Website Privacy Policy?

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

Google is testing a new tracking method for interest-based advertising in its Chrome Browser. It’s known as Federated Learning of Cohorts (FLoC).

If you own a website, it’s important that your site’s privacy policy accurately reflect how visitors are tracked and the type of data being collected…even if you’re not the one doing the collecting.

So, it’s a good idea to update your privacy policy to acknowledge visitors to your site using the Google Chrome Browser may be tracked using FLoC.

You may also want to let visitors know how they can disable FLoC tracking in their Chrome Browser. Most won’t but it’s a visitor-friendly feature that will be appreciated by those who are concerned about their personal privacy enough to read through your site’s privacy poicy.

And if you haven’t updated your privacy policy in a few years, chances are you’ll want an experienced Internet Business Lawyer to make other changes to your privacy policy to address important new laws and regulations.