When a business raises investment in seed, angel or VC then would need you to sign a term sheet. In this episode of eLagaan Whiteboard Friday, the eLagaan team explains the importance of term sheet and how to deal with it.
Your webapp/site needs to have a strong and user friendly Terms Of Services. Some of the things that a TOS covers are: 1. License to us website, 2. Acceptable use, 3. Terms & Conditions, 4. Restriction (e.g. age, gender etc) etc.