Whilst most start-ups try to take a shortcut in compiling their Website Terms of Service by simply copying and pasting some industry leaders terms and conditions which is comparable to their own and placing it on the website, this is fraught with dangers. For example, a peer to peer lending or renting platform of movable equipment might consider themselves comparable to Airbnb and simply copy Airbnb’s terms of service. Apart from the fact that this is copyright infringement, there will be aspects within Airbnb’s terms and conditions which are worlds apart from how you intend to function your business, but are now legally binding on you. For example, cover of up to $100 000 in respect of the breakage or theft of any movables on a property. This would have nothing to do with your own business, but even more worryingly, could be used by a disgruntled consumer to try and justify some arbitrary claim of theirs....

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